RAYONIER INC — Director's Dealing 2017

May 22, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RAYONIER INC (RYN)
CIK: 0000052827
Period of Report: 2017-05-19

Reporting Person: Wiltshire Andrew G. (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-05-19	Common Shares	A	3421.0000	$0.0000	Acquired	29427.0000	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	1060.0000	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.