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RAYONIER INC Director's Dealing 2009

May 22, 2009

31153_dirs_2009-05-22_c1a9a692-dc0b-4b3d-9043-67ae53d49fdc.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: 2009-05-22

Reporting Person: KINCAID RICHARD D (Director)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2009-05-22 Common Shares A 1500 Acquired 8376 Direct