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RYDER SYSTEM INC Director's Dealing 2008

Apr 29, 2008

30770_dirs_2008-04-29_a32889f0-92dd-444d-b08e-d1f1a219f2da.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: 2008-04-25

Reporting Person: FUENTE DAVID I (Director)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2008-04-25 Common Stock M 1000 $35.0625 Acquired 13056 Direct
2008-04-25 Common Stock M 2500 $25.50 Acquired 15556 Direct
2008-04-25 Common Stock M 2500 $20.875 Acquired 18056 Direct
2008-04-25 Common Stock M 2500 $20.06 Acquired 20556 Direct
2008-04-25 Common Stock M 5000 $28.815 Acquired 25556 Direct
2008-04-25 Common Stock M 5000 $24.63 Acquired 30556 Direct
2008-04-25 Common Stock M 5000 $37.24 Acquired 35556 Direct
2008-04-25 Common Stock S 13100 $67.15 Disposed 22456 Direct
2008-04-25 Common Stock S 1100 $67.155 Disposed 21356 Direct
2008-04-25 Common Stock S 6300 $67.16 Disposed 15056 Direct
2008-04-25 Common Stock S 1000 $67.165 Disposed 14056 Direct
2008-04-25 Common Stock S 1200 $67.17 Disposed 12856 Direct
2008-04-25 Common Stock S 400 $67.18 Disposed 12456 Direct
2008-04-25 Common Stock S 400 $67.19 Disposed 12056 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2008-04-25 Stock Option (right to buy) $35.0625 M 1000 Disposed 2008-04-30 Common Stock (1000) Direct
2008-04-25 Stock Option (right to buy) $25.50 M 2500 Disposed 2009-05-05 Common Stock (2500) Direct
2008-04-25 Stock Option (right to buy) $20.875 M 2500 Disposed 2010-05-03 Common Stock (2500) Direct
2008-04-25 Stock Option (right to buy) $20.06 M 2500 Disposed 2011-05-02 Common Stock (2500) Direct
2008-04-25 Stock Option (right to buy $28.815 M 5000 Disposed 2012-05-02 Common Stock (5000) Direct
2008-04-25 Stock Option (right to buy) $24.63 M 5000 Disposed 2013-05-01 Common Stock (5000) Direct
2008-04-25 Stock Option (right to buy) $37.24 M 5000 Disposed 2014-05-07 Common Stock (5000) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 1514 Indirect

Footnotes

F1: 334 options vested on May 1, 1999, 333 options vested on May 1, 2000 and 333 options vested on May 1, 2001.

F2: 834 options vested on May 6, 2000, 833 options vested on May 6, 2001 and 833 options vested on May 6, 2002.

F3: 834 options vested on May 4, 2001, 833 options vested on May 4, 2002 and 833 vested on May 4, 2003.

F4: 834 options vested on May 3, 2002, 833 options vested on May 3, 2003 and 833 options vested on May 3, 2004.

F5: 1,667 options vested on May 3, 2003, 1,666 options vested on May 3, 2004 and 1,667 options vested on May 3, 2005.

F6: 1,667 options vested on May 2, 2004, 1,666 options vested on May 2, 2005 and 1,667 options vested on May 2, 2006.

F7: 1,667 options vested on May 7, 2005, 1,666 options vested on May 7, 2006 and 1,667 options vested on May 7, 2007.