SEC Form 4 · accession 0001225208-17-017977
RAYMOND JAMES FINANCIAL INC · RJF
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Nov 29, 2017 | A | 822 | $0.00 | A | 26,962 | D | |
| Common StockF2 | Nov 30, 2017 | M | 7,500 | $55.49 | A | 34,462 | D | |
| Common StockF2 | Nov 30, 2017 | M | 2,500 | $48.20 | A | 36,962 | D | |
| Common StockF2 | Nov 30, 2017 | M | 2,500 | $37.87 | A | 39,462 | D | |
| Common StockF2 | Nov 30, 2017 | F | 1,072 | $88.30 | D | 38,390 | D | |
| Common StockF4,F2 | Nov 30, 2017 | S | 9,890 | $88.9501 | D | 28,500 | D | |
| Common StockF5 | holding | — | — | — | 1,524 | 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)F6 | $55.49 | Nov 30, 2017 | M | 7,500 | D | — | Nov 20, 2021 | Common Stock | 7,500 | 5,000 | D |
| Employee Stock Option (right to buy)F7 | $48.20 | Nov 30, 2017 | M | 2,500 | D | — | Nov 21, 2020 | Common Stock | 2,500 | 2,500 | D |
| Employee Stock Option (right to buy)F8 | $37.87 | Nov 30, 2017 | M | 2,500 | D | — | Nov 29, 2019 | Common Stock | 2,500 | 0 | D |
| Restricted Stock UnitsF9,F10 | — | 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.
- F10RSUs vest 60% on 11/30/2020, 20% on 11/30/2021, and 20% on 11/30/2022.
- F2Includes 77 shares of common stock acquired on March 2, 2017, 85 shares of common stock acquired on June 2, 2017, and 79 shares of common stock acquired on September 5, 2017, pursuant to the registrant's Employee Stock Purchase Plan.
- F3The reporting person effected multiple same-way open market sale transactions on the same day at different prices through a trade order executed by a broker-dealer. The reporting person has reported on a single line all such transactions that occurred within a one dollar price range. The reporting person hereby undertakes to provide upon request by the Securities and Exchange Commission staff, the issuer or a shareholder of the issuer, full information regarding the number of shares sold at each separate price.
- F4Reflects the weighted average sale price. The range of prices for such transaction was $88.90 to $89.05.
- F5Includes shares of common stock acquired under the reporting person's Employee Stock Ownership Plan (ESOP) account through November 28, 2017.
- F6On November 20, 2014, the reporting person received a grant of 12,500 stock options. Stock options vested 60% on 11/20/2017, and will vest 20% on 11/20/2018, and 20% on 11/20/2019.
- F7The stock option vested 60% on 11/21/2016, 20% on 11/21/2017, and will vest 20% on 11/21/2018.
- F8The stock option vested 60% on 11/29/2015, 20% on 11/29/2016, and 20% on 11/29/2017.
- F9Each 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.
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, (3) the partial exercise of employee stock options granted on (i) 11/21/2013 and (ii) 11/20/2014, (4) exercise of stock options with respect to shares of common stock and disposition of shares of common stock to the issuer to cover the exercise price, and (5) the open market sale by the reporting person of shares of common stock.