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RAYONIER INC Director's Dealing 2018

May 22, 2018

31153_dirs_2018-05-22_33743e7f-865f-415e-990b-6b964b0f11d3.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: 2018-05-18

Reporting Person: Wiltshire Andrew G. (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-05-18	Common Shares	A	2528.0000	$0.0000	Acquired	33284.2700	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	1114.3200	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.

F2: This amount includes 1329.27 common shares acquired pursuant to a dividend reinvestment feature in a brokerage account.

F3: This amount includes 54.32 common shares acquired through the Company's dividend reinvestment program.