RYDER SYSTEM INC — Director's Dealing 2010

Dec 17, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RYDER SYSTEM INC (R)
CIK: 0000085961
Period of Report: 2010-12-15

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-12-15	Common Stock	M	30000	$36.88	Acquired	107140	Direct
2010-12-15	Common Stock	S	4512	$48.5956	Disposed	102628	Direct
2010-12-15	Common Stock	S	24188	$49.3793	Disposed	78440	Direct
2010-12-15	Common Stock	S	1300	$49.9008	Disposed	77140	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-12-15	Stock Option (right to buy)	$36.88	M	30000	Disposed	2011-02-12	Common Stock (30000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	37378	Indirect
Common Stock	4801	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 14, 2010.

F2: This reflects the weighted average price at which the shares were sold. The sales prices ranged from $47.80 to $48.77.

F3: The Reporting Person will provide, upon request by the Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.

F4: This reflects the weighted average price at which the shares were sold. The sales prices ranged from $48.84 to $49.81.

F5: This reflects the weighted average price at which the shares were sold. The sales prices ranged from $49.84 to $49.97.