RYDER SYSTEM INC — Director's Dealing 2005

Nov 15, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RYDER SYSTEM INC (R)
CIK: 0000085961
Period of Report: 2005-11-10

Reporting Person: O MEARA VICKI A (President-US Supply Chain)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-11-10	Common Stock	M	16667	$21.25	Acquired	41027	Direct
2005-11-10	Common Stock	M	8334	$36.88	Acquired	49361	Direct
2005-11-10	Common Stock	M	8333	$26.83	Acquired	57694	Direct
2005-11-10	Common Stock	M	6666	$22.10	Acquired	64360	Direct
2005-11-10	Common Stock	S	40368	$41.81	Disposed	23992	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-11-10	Stock option (right to buy)	$21.25	M	16667	Disposed	2010-07-26	Common Stock (16667)	Direct
2005-11-10	Stock option (right to buy)	$26.83	M	8333	Disposed	2009-02-14	Common Stock (8333)	Direct
2005-11-10	Stock option (right to buy)	$36.88	M	8334	Disposed	2009-02-12	Common Stock (8334)	Direct
2005-11-10	Stock option (right to buy)	$22.10	M	6666	Disposed	2010-02-13	Common Stock (6666)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	9912	Indirect

Footnotes

F1: This reflects the average price at which the shares were sold. The sales prices ranged from $41.75 to $41.87.