RYDER SYSTEM INC — Director's Dealing 2011

Jul 1, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RYDER SYSTEM INC (R)
CIK: 0000085961
Period of Report: 2011-06-29

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-06-29	Common Stock	M	5000	$44.885	Acquired	104847	Direct
2011-06-29	Common Stock	S	5000	$55.00	Disposed	99847	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-06-29	Stock Option (right to buy)	$44.885	M	5000	Disposed	2012-02-10	Common Stock (5000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	29717	Indirect
Common Stock	4982	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 5, 2011.

F2: Includes 447 shares of common stock acquired by the reporting person under the Company's dividend reinvestment plan.

F3: Includes 198 shares of common stock acquired by the reporting person under the Company's dividend reinvestment plan.

F4: The option, representing the right to purchase 175,000 shares, vests in accordance with the following schedule: 58,334 vested on February 10, 2006, 58,333 vested on February 10, 2007 and 58,333 vested on February 10, 2008.