RYDER SYSTEM INC — Director's Dealing 2011

Feb 22, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RYDER SYSTEM INC (R)
CIK: 0000085961
Period of Report: 2011-02-18

Reporting Person: GALLO-AQUINO CRISTINA A (VP and Controller)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-02-18	Common Stock	M	1305	$0.00	Acquired	6465	Direct
2011-02-18	Common Stock	S	1341	$49.46	Disposed	5124	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-02-18	Stock Option (right to buy)	$32.71	D	446	Disposed	2016-02-06	Common Stock (446)	Direct
2011-02-18	Stock Option (right to buy)	$32.98	D	859	Disposed	2017-02-10	Common Stock (859)	Direct

Footnotes

F1: This reflects the weighted average price at which the shares were sold. The sale prices ranged from $49.44 to $49.48.

F2: 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.

F3: 446 stock options vested on February 6, 2011.

F4: 859 stock options vested on February 10, 2011.