RAYONIER INC — Director's Dealing 2018

May 22, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RAYONIER INC (RYN)
CIK: 0000052827
Period of Report: 2018-05-18

Reporting Person: FRASER DOD A (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	15690.0000	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.