SEC Form 4 · accession 0001225208-17-017974
RAYMOND JAMES FINANCIAL INC · RJF
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Dennis W Zank
Officer — Chief Operating Officer
Period of report
Nov 29, 2017
Accepted (ET)
Dec 1, 2017 · 4:09 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000720005
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Nov 29, 2017 | A | 4,473 | $0.00 | A | 144,201 | D | |
| Common Stock | Nov 29, 2017 | M | 2,500 | $37.87 | A | 146,701 | D | |
| Common StockF2 | holding | — | — | — | 52,412 | I | ESOP |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F3 | $37.87 | Nov 29, 2017 | M | 2,500 | D | — | Nov 29, 2019 | Common Stock | 2,500 | 0 | D |
| Restricted Stock UnitsF4,F5 | — | Nov 30, 2017 | A | 5,000 | A | — | Nov 30, 2022 | Common Stock | 5,000 | 5,000 | D |
Explanation of responses
- F1Vesting of Performance Restricted Stock Units (PRSUs) granted on 12/15/2014.
- F2Includes shares of common stock acquired under the reporting person's Employee Stock Ownership Plan (ESOP) account through November 28, 2017.
- F3The stock option vested 60% on 11/29/2015, 20% on 11/29/2016, and 20% on 11/29/2017.
- F4Each Restricted Stock Unit (RSU) represents a contingent right to receive, upon vesting of the award: (i) one share of common stock, and (ii) accrued cash in lieu of dividends.
- F5RSUs vest 60% on 11/30/2020, 20% on 11/30/2021, and 20% on 11/30/2022.
Remarks
This Form 4 reports (1) the acquisition by the reporting person of common stock resulting from the vesting of RSUs granted on 12/15/2014 based on the company's attaining certain levels of average after-tax return-on-equity over a three-year measurement period, (2) a grant of Restricted Stock Units (RSUs) to the reporting person, and (3) the exercise of employee stock options by the reporting person.