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RAYONIER INC Director's Dealing 2014

Jul 16, 2014

31153_dirs_2014-07-16_ae2ba33a-8ba5-4fe9-b0bf-de46e76d7668.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RAYONIER INC (RYN)
CIK: 0000052827
Period of Report: 2014-07-15

Reporting Person: Pyatt Shelby L (Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-07-15	Common Shares	A	1930.0000	$0.0000	Acquired	2625.0000	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	1984.8341	Indirect

Footnotes

F1: Grant of restricted stock to vest on June 27, 2016, assuming continued employment with Issuer, pursuant to the Employee Matters Agreement, dated as of June 27, 2014, between Issuer and Rayonier Advanced Materials Inc. in connection with Issuer's spin-off of its performance fibers business on June 27, 2014.