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RYDER SYSTEM INC Director's Dealing 2004

Oct 5, 2004

30770_dirs_2004-10-05_8d4f3abf-70fa-46ab-936d-5cf6dff3f5ac.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RYDER SYSTEM INC (R)
CIK: 0000085961
Period of Report: 2004-10-03

Reporting Person: GRIFFIN BOBBY J (EVP/International Operations)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2004-10-03 Common Stock F 529 $47.28 Disposed 16511 Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 1829 Indirect

Footnotes

F1: Represents shares of common stock withheld upon the vesting of restricted stock units for the payment of the related tax liability.