RAYONIER INC — Director's Dealing 2014

Jul 2, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RAYONIER INC (RYN)
CIK: 0000052827
Period of Report: 2014-07-01

Reporting Person: Bridwell Mark R (Vice President)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-07-01	Employee Stock Option	$34.9800	A	4284.0000	Acquired	2024-01-02	Common Shares (4284.0000)	Direct

Footnotes

F1: Vests in one-third installments annually commencing on 1/02/2015.