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RYDER SYSTEM INC — Director's Dealing 2011
Feb 16, 2011
30770_dirs_2011-02-15_c5e026c3-75ad-44a7-b6c0-50632863a42a.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: 2011-02-11
Reporting Person: GALLO-AQUINO CRISTINA A (VP and Controller)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2011-02-11 | Common Stock | M | 180 | $0.00 | Acquired | 215 | Direct |
| 2011-02-11 | Common Stock | A | 5000 | $0.00 | Acquired | 5215 | Direct |
| 2011-02-11 | Common Stock | F | 55 | $49.39 | Disposed | 5160 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2011-02-11 | Stock Option (right to buy) | $49.39 | A | 3855 | Acquired | 2018-02-11 | Common Stock (3855) | Direct |
| 2011-02-11 | Performance-Based Restricted Stock Rights | $0.00 | A | 780 | Acquired | Common Stock (780) | Direct | |
| 2011-02-11 | Performance-Based Restricted Stock Rights | $0.00 | M | 180 | Disposed | Common Stock (180) | Direct |
Footnotes
F1: Represents shares of common stock acquired by the reporting person through the vesting of performance-based restricted stock rights granted on February 8, 2008.
F2: These performance-based restricted stock rights vested upon approval of the Board of Directors on February 11, 2011 based on the Company achieving a financial performance goal for the three-year period ending December 31, 2010.
F3: Represents time-based restricted stock rights granted to the reporting person by the Company. The restricted stock rights vest 100% on February 11, 2014.
F4: Represents shares of common stock withheld by the Company for the payment of taxes due upon the vesting of restricted stock rights granted to the reporting person on February 8, 2008.
F5: The stock options vest in three equal installments on February 11, 2012, February 11, 2013 and February 11, 2014.
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, 2013. Performance-based restricted stock rights that do not vest will be cancelled.