RAYONIER INC — Director's Dealing 2014

Jul 16, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

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

Reporting Person: FRASER DOD A (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-07-15	Common Shares	A	2385.0000	$0.0000	Acquired	2385.0000	Direct

Footnotes

F1: Grant of restricted shares to vest on the earlier of the first anniversary of the grant date or next annual meeting at which directors are elected, assuming continued service with Rayonier.