RAYONIER INC

Ticker: RYN CUSIP: 754907103 Class: COM

MORGAN DEMPSEY CAPITAL MANAGEMENT LLC's Holding History (CIK: 0001050463)

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

Q3 2014
Shares 23,557 Value ($000) $734 Avg Close — Range —
Q2 2014
Shares 13,979 Value ($000) $497 Avg Close — Range —
Q1 2014
Shares 13,829 Value ($000) $635 Avg Close — Range —
Q4 2013
Shares 8,757 Value ($000) $369 Avg Close — Range —
Q3 2013
Shares 142 Value ($000) $8 Avg Close — Range —