X0304 5 2011-12-31 0 1 0000052827 RAYONIER INC RYN 0001476413 Kriesel Jack M. 1301 RIVERPLACE BOULEVARD SUITE 2300 JACKSONVILLE FL 32207 1 SVP, Performance Fibers Common Shares 2011-12-09 4 I 0 10860.1785 41.5000 D 21520.8712 I In Trust Common Shares 2011-12-22 4 I 0 6819.4779 43.5600 D 14701.3933 I In Trust Common Shares 2011-12-27 4 I 0 6255.7953 44.4300 D 8445.5979 I In Trust Common Shares 12991.5000 D Shares are held in the Rayonier Investment and Savings Plan, a 401(k) plan, for this person's account. W. Edwin Frazier, III, Attorney-in-Fact 2012-01-20