RAYONIER INC — Director's Dealing 2016

Nov 8, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RAYONIER INC (RYN)
CIK: 0000052827
Period of Report: 2016-11-07

Reporting Person: Bridwell Mark R (VP, General Counsel and CS)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-11-07	Common Shares	M	1116.0000	$22.8300	Acquired	14925.0000	Direct
2016-11-07	Common Shares	M	998.0000	$20.7400	Acquired	15923.0000	Direct
2016-11-07	Common Shares	S	2114.0000	$26.8400	Disposed	13809.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-11-07	Employee Stock Option	$22.8300	M	1116.0000	Disposed	2018-01-02	Common Shares (1116.0000)	Direct
2016-11-07	Employee Stock Option	$20.7400	M	998.0000	Disposed	2020-01-04	Common Shares (998.0000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	2037.2510	Indirect