RAYONIER INC — Director's Dealing 2014

Dec 15, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

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

Reporting Person: McHugh Mark (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-12-12	Common Shares	A	13050.0000	$0.0000	Acquired	13050.0000	Direct

Footnotes

F1: Vests on December 12, 2017, subject to continued employment.