RAYONIER INC - Director's Dealing 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RAYONIER INC (RYN)
CIK: 0000052827
Period of Report: 2005-11-22

Reporting Person: ARASKOG RAND V (Director)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-11-22	Common Shares	P	3500	$39.99	Acquired	607853	Direct
2005-11-22	Common Shares	P	3000	$39.81	Acquired	610853	Direct
2005-11-22	Common Shares	P	2100	$39.85	Acquired	612953	Direct
2005-11-22	Common Shares	P	1900	$40	Acquired	614853	Direct
2005-11-22	Common Shares	P	1600	$40.01	Acquired	616453	Direct
2005-11-22	Common Shares	P	1400	$39.8	Acquired	617853	Direct
2005-11-22	Common Shares	P	1300	$39.86	Acquired	619153	Direct
2005-11-22	Common Shares	P	1200	$40.05	Acquired	620353	Direct
2005-11-22	Common Shares	P	1000	$39.83	Acquired	621353	Direct
2005-11-22	Common Shares	P	800	$39.84	Acquired	622153	Direct
2005-11-22	Common Shares	P	700	$39.96	Acquired	622853	Direct
2005-11-22	Common Shares	P	700	$39.93	Acquired	623553	Direct
2005-11-22	Common Shares	P	700	$39.98	Acquired	624253	Direct
2005-11-22	Common Shares	P	700	$39.77	Acquired	624953	Direct
2005-11-22	Common Shares	P	600	$39.95	Acquired	625553	Direct
2005-11-22	Common Shares	P	600	$40.03	Acquired	626153	Direct
2005-11-22	Common Shares	P	500	$39.91	Acquired	626653	Direct
2005-11-22	Common Shares	P	400	$39.9	Acquired	627053	Direct
2005-11-22	Common Shares	P	400	$39.97	Acquired	627453	Direct
2005-11-22	Common Shares	P	400	$39.92	Acquired	627853	Direct
2005-11-22	Common Shares	P	300	$39.87	Acquired	628153	Direct
2005-11-22	Common Shares	P	300	$40.06	Acquired	628453	Direct
2005-11-22	Common Shares	P	300	$40.02	Acquired	628753	Direct
2005-11-22	Common Shares	P	300	$39.82	Acquired	629053	Direct
2005-11-22	Common Shares	P	200	$39.89	Acquired	629253	Direct
2005-11-22	Common Shares	P	100	$39.78	Acquired	629353	Direct

F1: Adjusted to reflect a 3-for-2 stock split effective 10/17/2005.