X0203 3 2009-11-02 0 0000052827 RAYONIER INC RYN 0001476413 Kriesel Jack M. 50 N. LAURA STREET SUITE 1900 JACKSONVILLE FL 32202 1 SVP, Performance Fibers Common Shares 3500 D Common Shares 19990.5059 I In Trust Employee Stock Option 24.47 2006-12-30 2014-01-01 Common Shares 9000 D Employee Stock Option 30.26 2019-01-01 Common Shares 3810 D Employee Stock Option 32.27 2008-01-03 2015-01-03 Common Shares 10500 D Employee Stock Option 41.03 2017-01-03 Common Shares 2200 D Employee Stock Option 41.34 2009-01-03 2016-01-03 Common Shares 8300 D Employee Stock Option 46.59 2018-01-02 Common Shares 2370 D Grant of restricted shares to vest 01/02/2011 assuming Mr. Kriesel's continued employment with Rayonier. Vests in one-third installments annually commencing 1/2/2010. The option vests in three equal annual installments beginning on 1/3/08. Vests in one-third installments annually commencing 1/2/2009. jmkpoa.TXT Jack M. Kriesel 2009-11-09