SEC Form 4 · accession 0001225208-18-009961
RAYMOND JAMES FINANCIAL INC · RJF
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jonathan N Santelli
Officer — EVP, Gen Counsel, Secy
Period of report
May 25, 2018
Accepted (ET)
May 30, 2018 · 3:10 pm EDT
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 | May 25, 2018 | M | 3,000 | $0.00 | A | 3,000 | D | |
| Common Stock | May 25, 2018 | F | 727 | $99.47 | D | 2,273 | D | |
| Common StockF3 | May 30, 2018 | S | 2,270 | $96.9914 | D | 3 | D | |
| Common StockF4 | holding | — | — | — | 17 | I | ESOP |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F5 | — | May 25, 2018 | M | 3,000 | D | — | May 25, 2021 | Common Stock | 3,000 | 9,000 | D |
Explanation of responses
- F1Each 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.
- F2The 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.
- F3Reflects the weighted average sale price. The range of prices for such transaction was $96.93 to $97.08.
- F4Includes shares of common stock acquired under the reporting person's Employee Stock Ownership Plan (ESOP) account through May 25, 2018.
- F5The RSUs vest in five equal annual installments beginning on the first anniversary of the 5/25/2016 grant date, with the last such vesting date occurring on 5/25/2021.
Remarks
This Form 4 reports (i) the partial vesting of RSUs awarded to the reporting person, (ii) a disposition by the reporting person to the issuer to cover tax liability in connection with such vesting, and (iii) the open market sale by the reporting person of shares of common stock.