David L. Nunes - Sep 27, 2021 Form 4 Insider Report for RAYONIER INC (RYN)

Role
Chief Executive Officer, Director
Signature
/s/ Cynthia L. Jones / Attorney-In-Fact
Stock symbol
RYN
Transactions as of
Sep 27, 2021
Transactions value $
$0
Form type
4
Date filed
9/28/2021, 11:08 AM
Previous filing
Aug 12, 2021
Next filing
Oct 7, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RYN Common Shares Conversion of derivative security $0 +362K +153.25% $0.00 599K Sep 27, 2021 Direct F1
transaction RYN Common Shares Conversion of derivative security $0 +2.44K +156.25% $0.00 4K Sep 27, 2021 By UGMA Custodian for Child F2
holding RYN Common Shares 475 Sep 27, 2021 In Trust

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction RYN Limited Partnership Units of Rayonier, L.P. Conversion of derivative security $0 -362K -100% $0.00* 0 Sep 27, 2021 Common Shares 362K Direct F1, F3
transaction RYN Limited Partnership Units of Rayonier, L.P. Conversion of derivative security $0 -2.44K -100% $0.00* 0 Sep 27, 2021 Common Shares 2.44K By UGMA Custodian for Child F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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.

Remarks:

EXHIBIT LIST: EX-24 Nunes POA