RAYONIER INC — Director's Dealing 2016

May 25, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RAYONIER INC (RYN)
CIK: 0000052827
Period of Report: 2016-05-24

Reporting Person: Jones Scott R. (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-05-24	Common Shares	A	3706.0000	$0.0000	Acquired	9741.0000	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	102.0000	Indirect
Common Shares	5091.0000	Indirect
Common Shares	480.0000	Indirect
Common Shares	600.0000	Indirect
Common Shares	2000.0000	Indirect
Common Shares	480.0000	Indirect
Common Shares	480.0000	Indirect
Common Shares	1533.0000	Indirect
Common Shares	1407.0000	Indirect
Common Shares	5091.0000	Indirect
Common Shares	564.0000	Indirect
Common Shares	460.0000	Indirect
Common Shares	614.0000	Indirect
Common Shares	480.0000	Indirect

Footnotes

F1: Restricted stock granted as compensation for serving as a member of the board of directors of the issuer. Such award vested immediately upon grant and was made pursuant to the Rayonier Incentive Stock Plan.