RAYONIER INC — Director's Dealing 2013

Oct 31, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RAYONIER INC (RYN)
CIK: 0000052827
Period of Report: 2012-10-29

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-10-29	Common Shares	W	1575.0000	$0.0000	Acquired	1575.0000	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	115583.1407	Direct
Common Shares	90338.0000	Indirect
Common Shares	7328.0908	Indirect

Footnotes

F1: Shares are held in the Rayonier Investment and Savings Plan, a 401(k) plan, for this person's account.