RAYONIER INC — Director's Dealing 2019

May 8, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RAYONIER INC (RYN)
CIK: 0000052827
Period of Report: 2017-10-04

Reporting Person: NUNES DAVID L (Director, Chief Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-10-04	Common Shares	J	50	—	Acquired	50	Indirect
2018-04-02	Common Shares	W	50	—	Acquired	50	Indirect
2019-05-06	Common Shares	S	50	$32.6332	Disposed	0	Indirect
2019-05-06	Common Shares	S	50	$32.653	Disposed	0	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	351927	Direct
Common Shares	100	Indirect
Common Shares	446.827	Indirect

Footnotes

F1: The reporting person inadvertently failed to report the acquisition of these shares at the time of acquisition.

F2: Pursuant to a power of attorney, the reporting person has investment power over these shares held by his mother.

F3: The reporting person is the personal representative of his father's estate, which holds these shares.