RAYONIER INC — Director's Dealing 2017

Nov 9, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RAYONIER INC (RYN)
CIK: 0000052827
Period of Report: 2017-11-07

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-11-07	Common Shares	M	1659.0000	$14.8300	Acquired	18912.0000	Direct
2017-11-07	Common Shares	S	1659.0000	$31.1711	Disposed	17253.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-11-07	Employee Stock Option	$14.8300	M	1659.0000	Disposed	2019-01-02	Common Shares (1659.0000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	2076.4846	Indirect