RYDER SYSTEM INC — Director's Dealing 2005

Oct 12, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RYDER SYSTEM INC (R)
CIK: 0000085961
Period of Report: 2005-10-07

Reporting Person: O MEARA VICKI A (EVP & Chief of Corp Operations)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-10-07	Common Stock	A	5000	$0.00	Acquired	25354	Direct
2005-10-08	Common Stock	F	994	$33.29	Disposed	24360	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-10-07	Stock option (right to buy)	$33.185	A	15000	Acquired	2012-10-07	Common Stock (15000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	9942	Indirect

Footnotes

F1: Represents shares of restricted stock granted to the reporting person by the Company. The restricted stock vests in three equal installments on October 7, 2006, October 7, 2007 and October 7, 2008.

F2: Represents shares of common stock withheld upon the vesting of restricted stock units for the payment of the related tax liability.

F3: Includes 27 shares of common stock acquired by the reporting person under the Company's dividend reinvestment plan since July 27, 2005, the date of the reporting person's last Section 16 filing.

F4: The stock options vest in three equal installments on October 7, 2006, October 7, 2007 and October 7, 2008.