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RYDER SYSTEM INC Director's Dealing 2011

May 5, 2011

30770_dirs_2011-05-04_213c189e-4cd0-41c8-b3e8-e7ed79ba37f5.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: 2011-05-03

Reporting Person: SANCHEZ ROBERT E (President - Global FMS)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2011-05-03 Common Stock M 12000 $44.88 Acquired 68626 Direct
2011-05-03 Common Stock S 12000 $53.15 Disposed 56626 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2011-05-03 Stock Option (right to buy) $44.88 M 12000 Disposed 2012-02-10 Common Stock (12000) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 1476 Indirect
Common Stock 2491 Indirect

Footnotes

F1: This reflects the weighted average price at which the shares were sold. The sale prices ranged from $53.14 to $53.16.

F2: The Reporting Person will provide, upon request by the Commisssion staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.

F3: The option, representing the right to purchase 12,000 shares, vests in accordance with the following schedule: 4,000 vested on February 10, 2006, 4,000 vested on February 10, 2007 and 4,000 vested on February 10, 2008.