RAYONIER INC — Director's Dealing 2013

Nov 14, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RAYONIER INC (RYN)
CIK: 0000052827
Period of Report: 2013-11-08

Reporting Person: BOYNTON PAUL G (Director, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-11-08	Common Shares	G	99175.0000	$0.0000	Disposed	4904.5000	Direct
2013-11-08	Common Shares	G	90800.0000	$0.0000	Acquired	90800.0000	Indirect
2013-11-08	Common Shares	G	3675.0000	$0.0000	Acquired	101104.0000	Indirect
2013-11-08	Common Shares	G	4700.0000	$0.0000	Acquired	96989.0000	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	2390.0000	Indirect
Common Shares	10722.6487	Indirect

Footnotes

F1: This transaction involved the transfer of securities to trusts for estate and financial planning purposes as further disclosed herein.

F2: The total of directly held shares no longer includes 92,289 shares that are now being reported as indirectly held through the Paul G. Boynton Trust effective December 24, 2012.

F3: Shares are held in the Rayonier Investment and Savings Plan, a 401(k) plan, for this person's account.