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RAYONIER INC Director's Dealing 2005

Sep 21, 2005

31153_dirs_2005-09-21_8f6a3534-de52-45ef-b003-7b1dec829014.zip

Director's Dealing

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SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: RAYONIER INC (RYN)
CIK: 0000052827
Period of Report: 2005-09-19

Reporting Person: KRAUS CARL (Sr VP, Finance)

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Employee Stock Option $56.38 2015-09-19 Common Shares (5000) Direct