RAYONIER INC

Ticker: RYN CUSIP: 754907103 Class: COM

STEPHENS INC /AR/'s Holding History (CIK: 0000757657)

Note: Option positions (PUT/CALL) are excluded.

Q3 2015
Shares 10,401 Value ($000) $230 Avg Close — Range —
Q3 2013
Shares 37,631 Value ($000) $2,094 Avg Close — Range —
Q2 2013
Shares 37,289 Value ($000) $2,065 Avg Close — Range —