RAYONIER INC — Director's Dealing 2016

Jun 29, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RAYONIER INC (RYN)
CIK: 0000052827
Period of Report: 2016-06-27

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-06-27	Common Shares	F	528.0000	$24.8000	Disposed	7670.0000	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	2833.7542	Indirect

Footnotes

F1: Shares withheld to cover the tax withholding obligation due to the vesting of restricted stock.

F2: Shares are held in the Rayonier Investment and Savings Plan, a 401(k) plan, for this person's account.