RAYONIER INC — Director's Dealing 2013

Jul 22, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RAYONIER INC (RYN)
CIK: 0000052827
Period of Report: 2013-07-19

Reporting Person: CORR CHRISTOPHER T (SVP, Real Estate)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-07-19	Common Shares	A	4000.0000	$0.0000	Acquired	4000.0000	Direct

Footnotes

F1: Grant of restricted shares, with 2,500 shares vesting on December 31, 2014 and 1,500 shares vesting on December 31, 2015, in each case assuming Mr. Corr's continued employment with Rayonier.