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RYDER SYSTEM INC — Director's Dealing 2010
Feb 13, 2010
30770_dirs_2010-02-12_d3ed431c-dfea-4841-a84c-5c3260ba10c3.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: 2010-02-10
Reporting Person: GARCIA ART A (SVP and Controller)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2010-02-10 | Common Stock | M | 1010 | $0.00 | Acquired | 14127 | Direct |
| 2010-02-10 | Common Stock | F | 329 | $32.985 | Disposed | 13798 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2010-02-10 | Stock Option (right to buy) | $32.985 | A | 6805 | Acquired | 2017-02-10 | Common Stock (6805) | Direct |
| 2009-02-10 | Performance-Based Restricted Stock Rights | $0.00 | A | 1430 | Acquired | Common Stock (1430) | Direct | |
| 2010-02-10 | Performance-Based Restricted Stock Rights | $0.00 | M | 1010 | Disposed | Common Stock (1010) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 2230 | Indirect |
| Common Stock | 447 | Indirect |
Footnotes
F1: Represents shares of common stock acquired by the reporting person through the vesting of performance-based restricted stock rights granted on February 9, 2007.
F2: These performance-based restricted stock rights vested upon approval of the Board of Directors on February 10, 2010 based on the Company achieving a financial performance goal for the three-year period ending December 31, 2009.
F3: Includes 42 shares of common stock acquired by the reporting person under the Company's dividend reinvestment plan since the date of the reporting person's last Section 16 filing.
F4: Represents shares of common stock withheld upon the vesting of performance-based restricted stock rights for the payment of the related tax liability.
F5: The stock options vest in three equal installments on February 10, 2011, February 10, 2012 and February 10, 2013.
F6: 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, 2012. Performance-based restricted stock rights that do not vest will be cancelled.