RYDER SYSTEM INC — Director's Dealing 2006

Feb 16, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RYDER SYSTEM INC (R)
CIK: 0000085961
Period of Report: 2006-02-15

Reporting Person: GARCIA ART A (SVP and Controller)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-02-15	Common Stock	M	3000	$22.10	Acquired	10884	Direct
2006-02-15	Common Stock	S	3000	$43.40	Disposed	7884	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-02-15	Stock Option (right to buy)	$22.10	M	3000	Disposed	2010-02-13	Common Stock (3000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1559	Indirect
Common Stock	181	Indirect