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RAYONIER INC Director's Dealing 2014

Jul 1, 2014

31153_dirs_2014-07-01_38d14441-ace3-41fb-b406-70f7196219a6.zip

Director's Dealing

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SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: RAYONIER INC (RYN)
CIK: 0000052827
Period of Report: 2014-06-27

Reporting Person: Pyatt Shelby L (Vice President)

Holdings (Non-Derivative)

Security Shares Ownership
Common Shares 695.0000 Direct
Common Shares 1956.9736 Indirect

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Employee Stock Option $37.0300 2021-01-03 Common Shares (1110.0000) Direct
Employee Stock Option $42.5500 2024-01-02 Common Shares (1600.0000) Direct
Employee Stock Option $44.4200 2022-01-03 Common Shares (1100.0000) Direct
Employee Stock Option $52.6300 2023-01-02 Common Shares (1220.0000) Direct

Footnotes

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

F2: Number of underlying shares and exercise price are subject to adjustment 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 separation of its performance fibers business on June 27, 2014.

F3: Vests in one-third installments annually commencing 1/3/2012.

F4: Vests in one-third installments annually commencing on 1/02/2015.

F5: Vests in one-third installments annually commencing 1/3/2013.

F6: Vests in one-third installments annually commencing 1/2/2014.