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RYDER SYSTEM INC Director's Dealing 2008

Jun 24, 2008

30770_dirs_2008-06-24_0c04033a-1015-4180-9292-1f288cf17acc.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RYDER SYSTEM INC (R)
CIK: 0000085961
Period of Report: 2008-06-23

Reporting Person: WILLIFORD JOHN H (President, Global Supply Chain)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2008-06-23 Common Stock A 11050 $0.00 Acquired 11050 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2008-06-23 Stock option (right to buy) $72.435 A 16995 Acquired 2015-06-23 Common Stock (16995) Direct
2008-06-23 Performance-Based Restricted Stock Rights $0.00 A 3745 Acquired Common Stock (3745) Direct

Footnotes

F1: Represents restricted stock rights granted to the reporting person by the Company. The restricted stock rights will vest on June 23, 2011.

F2: The stock options vest in three equal installments on June 23, 2009, June 23, 2010 and June 23, 2011.

F3: 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, 2010. Performance-based restricted stock rights that do not vest will be cancelled.