RYDER SYSTEM INC — Director's Dealing 2011

Jun 8, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

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

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-06-06	Common Stock	M	35000	$44.885	Acquired	134400	Direct
2011-06-06	Common Stock	S	32384	$51.31	Disposed	102016	Direct
2011-06-06	Common Stock	S	2616	$52.00	Disposed	99400	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-06-06	Stock Option (right to buy)	$44.885	M	35000	Disposed	2012-02-10	Common Stock (35000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	29519	Indirect
Common Stock	4987	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: This reflects the weighted average price at which the shares were sold. The sales prices ranged from $50.88 to $51.87.

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 $51.91 to $52.08.

F5: Since the Reporting Person's last report, 8,267 shares of Common Stock previously reported as indirectly beneficially owned by grantor retained annuity trust were transferred back to the Reporting Person in satisfaction of an annuity payment.

F6: 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.