DAVID L. NUNES - 27 Sep 2021 Form 4 Insider Report for RAYONIER INC (RYN)

Role
Chief Executive Officer, Director
Signature
/s/ Cynthia L. Jones / Attorney-In-Fact
Issuer symbol
RYN
Transactions as of
27 Sep 2021
Net transactions value
$0
Form type
4
Filing time
28 Sep 2021, 11:08:21 UTC
Previous filing
12 Aug 2021
Next filing
07 Oct 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RYN Common Shares Conversion of derivative security $0 +362,400 +153% $0.000000 598,873 27 Sep 2021 Direct F1
transaction RYN Common Shares Conversion of derivative security $0 +2,439 +156% $0.000000 4,000 27 Sep 2021 By UGMA Custodian for Child F2
holding RYN Common Shares 475 27 Sep 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 -362,400 -100% $0.000000* 0 27 Sep 2021 Common Shares 362,400 Direct F1, F3
transaction RYN Limited Partnership Units of Rayonier, L.P. Conversion of derivative security $0 -2,439 -100% $0.000000* 0 27 Sep 2021 Common Shares 2,439 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