RYDER SYSTEM INC — Director's Dealing 2008

Jun 18, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RYDER SYSTEM INC (R)
CIK: 0000085961
Period of Report: 2008-06-16

Reporting Person: SWIENTON GREGORY T (Director, Chairman & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-06-16	Common Stock	S	400	$68.99	Disposed	79769	Direct
2008-06-16	Common Stock	S	900	$69.00	Disposed	78869	Direct
2008-06-16	Common Stock	S	300	$69.01	Disposed	78569	Direct
2008-06-16	Common Stock	S	100	$69.02	Disposed	78469	Direct
2008-06-16	Common Stock	S	100	$69.04	Disposed	78369	Direct
2008-06-16	Common Stock	S	100	$69.05	Disposed	78269	Direct
2008-06-16	Common Stock	S	100	$69.06	Disposed	78169	Direct
2008-06-16	Common Stock	S	200	$69.07	Disposed	77969	Direct
2008-06-16	Common Stock	S	200	$69.08	Disposed	77769	Direct
2008-06-16	Common Stock	S	200	$69.09	Disposed	77569	Direct
2008-06-16	Common Stock	S	200	$69.11	Disposed	77369	Direct
2008-06-16	Common Stock	S	200	$69.12	Disposed	77169	Direct
2008-06-16	Common Stock	S	300	$69.13	Disposed	76869	Direct
2008-06-16	Common Stock	S	100	$69.15	Disposed	76769	Direct
2008-06-16	Common Stock	S	200	$69.16	Disposed	76569	Direct
2008-06-16	Common Stock	S	200	$69.19	Disposed	76369	Direct
2008-06-16	Common Stock	S	100	$69.20	Disposed	76269	Direct
2008-06-16	Common Stock	S	300	$69.22	Disposed	75969	Direct
2008-06-16	Common Stock	S	100	$69.23	Disposed	75869	Direct
2008-06-16	Common Stock	S	100	$69.26	Disposed	75769	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-06-16	Stock Option (right to buy)	$16.595	M	25000	Disposed	2010-10-10	Common Stock (25000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3734	Indirect

Footnotes

F1: The option exercise and stock sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan established by the Reporting Person on May 15, 2008.

F2: 22,334 stock options vested on October 11, 2001 and 2,666 stock options vested on October 11, 2002.