RAYONIER INC — Director's Dealing 2021

Sep 28, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RAYONIER INC (RYN)
CIK: 0000052827
Period of Report: 2021-09-27

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-09-27	Common Shares	C	362400	—	Acquired	598873	Direct
2021-09-27	Common Shares	C	2439	—	Acquired	4000	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-09-27	Limited Partnership Units of Rayonier, L.P.	$	C	362400	Disposed		Common Shares (362400.0)	Direct
2021-09-27	Limited Partnership Units of Rayonier, L.P.	$	C	2439	Disposed		Common Shares (2439.0)	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	474.9145	Indirect

Footnotes

F1: The reporting person redeemed 362,400 limited partnership units ("Units") of Rayonier, L.P. ("ROP"), of which Rayonier Inc. ("Rayonier") is the general partner. Units are redeemable for an equal number of shares of Rayonier's common shares or, at the election of Rayonier, cash as determined in accordance with the limited partnership agreement. Rayonier elected to redeem the Units with common shares.

F2: The reporting person redeemed 2,439 Units of ROP, of which Rayonier is the general partner. Units are redeemable for an equal number of shares of Rayonier's common shares or, at the election of Rayonier, cash as determined in accordance with the limited partnership agreement. Rayonier elected redeem the Units with common shares.

F3: Subject to certain limitations, these Units are immediately exercisable and have no expiration date.