RAYONIER INC — Director's Dealing 2013

Sep 30, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RAYONIER INC (RYN)
CIK: 0000052827
Period of Report: 2013-09-26

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-09-26	Common Shares	G	2338.0000	$0.0000	Disposed	115583.1407	Direct
2013-09-26	Common Shares	G	2338.0000	$0.0000	Acquired	90338.0000	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	7491.0668	Indirect

Footnotes

F1: These shares are held in a trust for the benefit of Mr. Vanden Noort's spouse. Mr. Vanden Noort's spouse is trustee of the trust.

F2: Shares are held in the Rayonier Investment and Savings Plan, a 401(k) plan, for this person's account.