RYDER SYSTEM INC - Director's Dealing 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RYDER SYSTEM INC (R)
CIK: 0000085961
Period of Report: 2006-05-05

Reporting Person: MARTIN LYNN M (Director)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-05-05	Common Stock	A	1489	$0.00	Acquired	11812	Direct
2006-05-09	Common Stock	M	2500	$20.06	Acquired	14312	Direct
2006-05-09	Common Stock	M	2500	$20.875	Acquired	16812	Direct
2006-05-09	Common Stock	M	5000	$24.63	Acquired	21812	Direct
2006-05-09	Common Stock	S	500	$54.45	Disposed	21312	Direct
2006-05-09	Common Stock	S	6800	$54.35	Disposed	14512	Direct
2006-05-09	Common Stock	S	2700	$54.36	Disposed	11812	Direct

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-05-09	Stock option (right to buy)	$20.06	M	2500	Disposed	2011-05-02	Common Stock (2500)	Direct
2006-05-09	Stock option (right to buy)	$20.875	M	2500	Disposed	2010-05-03	Common Stock (2500)	Direct
2006-05-09	Stock option (right to buy)	$24.63	M	5000	Disposed	2013-05-01	Common Stock (5000)	Direct

F1: Annual grant of restricted stock units pursuant to the Company's 2005 Equity Compensation Plan.

F2: 834 options vested on May 3, 2002, 833 options vested on May 3, 2003 and 833 options vested on May 3, 2004.

F3: 834 options vested on May 4, 2001, 833 options vested on May 4, 2002 and 833 options vested on May 4, 2003.

F4: 1,667 options vested on May 2, 2004, 1,666 options vested on May 2, 2005 and 1,667 options vested on May 2, 2006.