RYDER SYSTEM INC — Director's Dealing 2007

Feb 14, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RYDER SYSTEM INC (R)
CIK: 0000085961
Period of Report: 2007-02-09

Reporting Person: JAMIESON MARK T (EVP & Chief Financial Officer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-02-09	Stock Option (right to buy)	$52.48	A	21070	Acquired	2014-02-09	Common Stock (21070)	Direct
2007-02-09	Performance-Based Restricted Stock Rights	$0.00	A	4000	Acquired		Common Stock (4000)	Direct

Footnotes

F1: The stock options vest in three equal installments on February 9, 2008, February 9, 2009 and February 9, 2010.

F2: Each performance-based restricted stock right represents a contingent right to receive one share of Ryder common stock based on the Company achieving a financial performance goal for the three-year performance period ending December 31, 2009. Performance-based restricted stock rights that do not vest will be cancelled.