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RAYONIER INC Director's Dealing 2012

Jan 5, 2012

31153_dirs_2012-01-05_3a044128-84c8-4e7c-8bdd-232a8ffa9b52.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: 2012-01-03

Reporting Person: VANDENNOORT HANS E (SR VP & CFO)

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2012-01-03 Employee Stock Option $44.4200 A 14570.0000 Acquired 2022-01-03 Common Shares (14570.0000) Direct

Footnotes

F1: Vests in one-third installments annually commencing 1/3/2013.