RYDER SYSTEM INC — Director's Dealing 2008

Feb 15, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RYDER SYSTEM INC (R)
CIK: 0000085961
Period of Report: 2008-02-13

Reporting Person: TOOKES HANSEL E II (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-02-13	Common Stock	M	5000	$24.63	Acquired	13971	Direct
2008-02-13	Common Stock	S	4300	$59.15	Disposed	9671	Direct
2008-02-13	Common Stock	S	100	$59.16	Disposed	9571	Direct
2008-02-13	Common Stock	S	300	$59.18	Disposed	9271	Direct
2008-02-13	Common Stock	S	300	$59.19	Disposed	8971	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-02-13	Stock Option (right to buy)	$24.63	M	5000	Disposed	2013-05-01	Common Stock (5000)	Direct

Footnotes

F1: 1,667 stock options vested on May 2, 2004, 1,666 stock options vested on May 2, 2005 and 1,667 stock options vested on May 2, 2006.