RAYONIER INC — Director's Dealing 2021

Jun 1, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RAYONIER INC (RYN)
CIK: 0000052827
Period of Report: 2021-05-28

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-05-28	Common Shares	S	200000	$38.0208	Disposed	236473	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	474.0804	Indirect
Common Shares	1561	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Limited Partnership Units of Rayonier, L.P.	$		Common Shares (392400.0)	392400	Direct
Limited Partnership Units of Rayonier, L.P.	$		Common Shares (2439.0)	2439	Indirect

Footnotes

F1: The limited partnership units of Rayonier, L.P. ("ROP") are exchangable for common shares of Rayonier Inc. ("Rayonier") on a one-for-one basis. Subject to certain limitations, these limited partnership units are immediately exercisable and have no expiration date.