RYDER SYSTEM INC — Director's Dealing 2005

Jul 5, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RYDER SYSTEM INC (R)
CIK: 0000085961
Period of Report: 2005-07-01

Reporting Person: SWIENTON GREGORY T (Director, Chairman & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-07-01	Common Stock	M	10000	$19.3125	Acquired	98330	Direct
2005-07-01	Common Stock	M	30000	$21.25	Acquired	128330	Direct
2004-07-01	Common Stock	S	40000	$36.9275	Disposed	88330	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-07-01	Stock Option (right to buy)	$19.3125	M	10000	Disposed	2010-02-17	Common Stock (10000)	Direct
2005-07-01	Stock Option (right to buy)	$21.25	M	30000	Disposed	2010-07-26	Common Stock (30000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2627	Indirect

Footnotes

F1: The option exercises and stock sale reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan established by the Reporting Person on May 27, 2005.