RAYONIER INC — Director's Dealing 2017

Mar 3, 2017

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: RAYONIER INC (RYN)
CIK: 0000052827
Period of Report: 2017-02-23

Reporting Person: Rogers W. Rhett (VP, Portfolio Management)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	3038.0000	Direct
Common Shares	2539.0000	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option	$27.2189	2021-01-03	Common Shares (1468.0000)		Direct
Employee Stock Option	$31.2763	2024-01-02	Common Shares (1664.0000)		Direct
Employee Stock Option	$32.6509	2022-01-03	Common Shares (1243.0000)		Direct
Employee Stock Option	$38.6856	2023-01-02	Common Shares (1047.0000)		Direct

Footnotes

F1: Fully vested.