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RAYONIER INC Director's Dealing 2007

May 21, 2007

31153_dirs_2007-05-21_85f5be9a-2ba5-433c-9e1e-5805ee2e9461.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: 2007-05-18

Reporting Person: KIRK PAUL G JR (Director)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2007-05-18 Common Shares A 1500 Acquired 19456.68 Direct