RYDER SYSTEM INC - Director's Dealing 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RYDER SYSTEM INC (R)
CIK: 0000085961
Period of Report: 2007-02-28

Reporting Person: O MEARA VICKI A (President-US Supply Chain)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-02-28	Common Stock	M	6667	$22.10	Acquired	28273	Direct
2007-02-28	Common Stock	M	16666	$36.88	Acquired	44939	Direct
2007-02-28	Common Stock	M	20000	$44.885	Acquired	64939	Direct
2007-02-28	Common Stock	M	5000	$33.185	Acquired	69939	Direct
2007-02-28	Common Stock	M	8834	$42.725	Acquired	78773	Direct
2007-02-28	Common Stock	S	57167	$51.6236	Disposed	21606	Direct

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-02-28	Stock Option (right to buy)	$22.10	M	6667	Disposed	2010-02-13	Common Stock (6667)	Direct
2007-02-28	Stock Option (right to buy)	$36.88	M	16666	Disposed	2011-02-10	Common Stock (16666)	Direct
2007-02-28	Stock Option (right to buy)	$44.885	M	20000	Disposed	2012-02-10	Common Stock (20000)	Direct
2007-02-28	Stock Option (right to buy)	$33.185	M	5000	Disposed	2012-10-07	Common Stock (5000)	Direct
2007-02-28	Stock Option (right to buy)	$42.725	M	8834	Disposed	2013-02-13	Common Stock (8834)	Direct

Security	Shares	Ownership
Common Stock	10098	Indirect

F1: This reflects the average price at which the shares were sold. The sales prices ranged from $51.26 to $52.11.

F2: 8,333 stock options vested on February 12, 2006 and 8,333 stock options vested on February 12, 2007.

F3: 10,000 stock options vested on February 10, 2006 and 10,000 stock options vested on February 10, 2007