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RAYONIER INC Director's Dealing 2011

May 24, 2011

31153_dirs_2011-05-24_aab77c25-1944-4ad8-838c-e3d42454835f.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: 2011-05-20

Reporting Person: KINCAID RICHARD D (Director)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2011-05-20 Common Shares A 1123.0000 $0.0000 Acquired 11199.0000 Direct