RAYONIER INC — Director's Dealing 2016

Aug 23, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RAYONIER INC (RYN)
CIK: 0000052827
Period of Report: 2016-08-19

Reporting Person: Pyatt Shelby L (VP, Human Resources)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-08-19	Common Shares	S	1500.0000	$26.9701	Disposed	6170.0000	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	2855.1605	Indirect

Footnotes

F1: The nature of the indirect beneficial ownership is changed from previous filings as they contained the wrong designation.