RAYONIER INC — Director's Dealing 2013

Aug 13, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RAYONIER INC (RYN)
CIK: 0000052827
Period of Report: 2013-08-09

Reporting Person: Wilson Nancy L (SVP, U.S. Forest Resources)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-08-09	Common Shares	F	1067.0000	$58.1800	Disposed	7718.0000	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	5048.6713	Indirect

Footnotes

F1: Shares are being withheld from Ms. Wilson's 2010 restricted stock award which vested 8/9/2013. The award was previously reported on Form 3 filed May 26, 2011 as 2,600 shares, but was adjusted to 3,900 shares to reflect the stock split on 8/24/2011.

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