RYDER SYSTEM INC — Director's Dealing 2008

Aug 8, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RYDER SYSTEM INC (R)
CIK: 0000085961
Period of Report: 2008-08-06

Reporting Person: MARTIN LYNN M (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-08-06	Common Stock	M	2500	$25.50	Acquired	17851	Direct
2008-08-06	Common Stock	S	1637	$67.10	Disposed	16214	Direct
2008-08-06	Common Stock	S	463	$67.11	Disposed	15751	Direct
2008-08-06	Common Stock	S	200	$67.12	Disposed	15551	Direct
2008-08-06	Common Stock	S	100	$67.14	Disposed	15451	Direct
2008-08-06	Common Stock	S	100	$67.17	Disposed	15351	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-08-06	Stock option (right to buy)	$25.50	M	2500	Disposed	2009-05-05	Common Stock (2500)	Direct

Footnotes

F1: 834 options vested on May 6, 2000, 833 options vested on May 6, 2001 and 833 options vested on May 6, 2002.