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RYDER SYSTEM INC Director's Dealing 2004

Aug 4, 2004

30770_dirs_2004-08-04_21de2494-1776-4a61-bc29-d179f9efd85d.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: 2004-08-02

Reporting Person: SANCHEZ ROBERT E (Senior Vice President & CIO)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2004-08-02 Common Stock M 2000 $29.6875 Acquired 8769 Direct
2004-08-02 Common Stock M 3530 $36.0625 Acquired 12299 Direct
2004-08-02 Common Stock M 16667 $26.83 Acquired 28966 Direct
2004-08-02 Common Stock M 4000 $22.10 Acquired 32966 Direct
2004-08-02 Common Stock M 5060 $27.0313 Acquired 38026 Direct
2004-08-02 Common Stock M 6000 $19.3125 Acquired 44026 Direct
2004-08-02 Common Stock S 37257 $43.0044 Disposed 6769 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2004-08-02 Stock Option (right to buy) $29.6875 M 2000 Disposed 2006-10-01 Common Stock (2000) Direct
2004-08-02 Stock option (right to buy) $36.0625 M 3530 Disposed 2007-09-30 Common Stock (3530) Direct
2004-08-02 Stock option (right to buy) $27.0313 M 5060 Disposed 2009-02-17 Common Stock (5060) Direct
2004-08-02 Stock option (right to buy) $19.3125 M 6000 Disposed 2010-02-17 Common Stock (6000) Direct
2004-08-02 Stock option (right to buy) $26.83 M 16667 Disposed 2009-02-14 Common Stock (16667) Direct
2004-08-02 Stock option (right to buy) $22.10 M 4000 Disposed 2010-02-13 Common Stock (4000) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 1939 Indirect
Common Stock 2194 Indirect

Footnotes

F1: Includes 271 shares of common stock owned by the reporting person through the Ryder System, Inc. Stock Purchase Plan for Employees, which shares were inadvertantly ommited from the reporting person's previous Section 16 filings.

F2: The stock options vested in three equal installments on October 2, 1997, October 2, 1998 and October 2, 1999.

F3: The stock options vested in three equal installments on October 1, 1998, October 1, 1999 and October 1, 2000.

F4: The stock options vested in three equal installments on February 18, 2000, February 18, 2001 and February 18, 2002.

F5: The stock options vested in three equal installments on February 18, 2001, February 18, 2002 and February 18, 2003.

F6: The stock options vested in two equal installments on February 15, 2003 and February 15, 2004.