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RAYONIER INC Director's Dealing 2016

May 25, 2016

31153_dirs_2016-05-25_6f3adca0-0cc6-4be5-adf9-b5e1cffec66a.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

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

Reporting Person: Lincoln Blanche L (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

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.