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: RENEHAN THOMAS S (SVP-Sales and Marketing)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-10-07	Common Stock	A	2500	$0.00	Acquired	6443	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	7500	Acquired	2012-10-07	Common Stock (7500)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	81	Indirect
Common Stock	6156	Indirect
Common Stock	159	Indirect
Common Stock	2000	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: The stock options vest in three equal installments on October 7, 2006, October 7, 2007 and October 7, 2008.