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RAYONIER INC Director's Dealing 2003

May 29, 2003

31153_dirs_2003-05-29_08c514b2-a347-4ec2-876e-59f2dc7d2349.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RAYONIER INC (RYN)
CIK: 0000052827
Period of Report: 2003-05-16

Reporting Person: ULMER GORDON I (Director)

Footnotes

F1: Award of 750 shares as equity component of director's annual retainer.