RAYONIER INC — Director's Dealing 2012

Oct 29, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RAYONIER INC (RYN)
CIK: 0000052827
Period of Report: 2012-10-26

Reporting Person: TOWNSEND RONALD (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-10-26	Common Shares	S	7600.0000	$48.8349	Disposed	9255.0000	Direct

Footnotes

F1: This transaction was executed in multiple trades at prices ranging from $48.83 to $48.85. The price reported above reflects the weighted average sale price. Upon written request by the Commission staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price is available.