RAYONIER INC — Director's Dealing 2014

Nov 20, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RAYONIER INC (RYN)
CIK: 0000052827
Period of Report: 2014-11-18

Reporting Person: Kiker H. Edwin (SVP, Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-11-18	Common Shares	A	3476.8153	$26.3900	Acquired	15280.5270	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	4087.0000	Direct

Footnotes

F1: Shares are held in the Rayonier Investment and Savings Plan, a 401(k) plan, for this person's account.