RAYONIER INC — Director's Dealing 2016

Nov 9, 2016

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: RAYONIER INC (RYN)
CIK: 0000052827
Period of Report: 2016-11-01

Reporting Person: Tice April J. (Controller)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	1394.0000	Direct
Common Shares	336.3564	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option	$31.2763	2024-01-02	Common Shares (1155.0000)		Direct
Employee Stock Option	$32.6509	2022-01-03	Common Shares (1028.0000)		Direct
Employee Stock Option	$38.6856	2023-01-02	Common Shares (695.0000)		Direct

Footnotes

F1: Includes 1,177 shares of restricted stock that have not yet vested.

F2: Stock options vest in one third annual installments commencing on 1/2/2015.

F3: Stock options vest in one third annual installments commencing on 1/2/2013.

F4: Stock options vest in one third annual installments commencing on 1/2/2014.