Stock Trading History of Frazier W. Edwin Iii

The following table details the trading activities (stock purchases, stock sales, and stock option exercises) reported to the Securities and Exchange Commission (SEC) by insider Frazier W. Edwin Iii since year 2005. The trader's CIK number is 1292151. At the time of this reporting, Frazier W. Edwin Iii is the SR VP, CAO & Corp Sec of Rayonier Inc . (stock ticker symbol RYN). See this page for all insider trading activities at Rayonier Inc .

Stock purchases, sales, and option exercises reported by insider *Frazier W. Edwin Iii* since 2005.
Trade Date	Symbol	Company Name (Issuer)	Trade Type	Shares	Price ($)	Value ($)
2008-09-12	RYN	Rayonier Inc	Sale	24,110	46.00	1,109,098
2008-09-12	RYN	Rayonier Inc	Option Exercise	24,110	17.91	431,810
2008-09-09	RYN	Rayonier Inc	Sale	2,600	46.10	119,851
2008-09-09	RYN	Rayonier Inc	Option Exercise	2,600	18.59	48,334
2007-05-23	RYN	Rayonier Inc	Option Exercise	10,683	14.35	153,301
2007-05-23	RYN	Rayonier Inc	Sale	10,683	44.74	477,975
2006-02-27	RYN	Rayonier Inc	Sale	13,354	43.24	577,426
2006-02-27	RYN	Rayonier Inc	Option Exercise	13,354	17.80	237,701

Insider trading activities including stock purchases, stock sales, and option exercises listed in the above table cannot be completely guaranteed as to their accuracy. For more information regarding the trades made by Frazier W. Edwin Iii (SR VP, CAO & Corp Sec of Rayonier Inc at the time of this reporting) see the Securities and Exchange Commission (SEC) website.