RAYONIER INC — Director's Dealing 2014

Dec 17, 2014

SEC Form 4/A — Form 4/A

Issuer: RAYONIER INC (RYN)
CIK: 0000052827
Period of Report: 2014-12-16

Reporting Person: NUNES DAVID L (Director, Chief Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-12-16	Common Shares	P	40000.0000	$26.3300	Acquired	125130.0000	Direct

Footnotes

F1: On December 16, 2014, the reporting person completed open market purchases of the issuer's common shares. These transactions were timely reported on a Form 4 on December 17, 2014. The transactions reported on such Form 4 were incorrectly reported in Table 1, Column 3, "Transaction Code" with the code "A". This amendment to the Form 4 correctly includes the code "P" to reflect open market purchase transactions.

F2: The Unit Price reflects the weighted average purchase price. The reporting person effected multiple same-way open market purchase transactions on the same day at different prices through a trade order executed by a broker dealer. The reporting person reported on a single line all such transactions that occurred within the price range. The range of prices for such transaction is $26.30 to $26.35. The reporting person hereby undertakes to provide upon request by the Securities and Exchange Commission staff, the issuer, or a shareholder of the issuer, full information regarding the number of shares purchased at each separate price.