RYDER SYSTEM INC — Director's Dealing 2012

Dec 6, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RYDER SYSTEM INC (R)
CIK: 0000085961
Period of Report: 2012-12-03

Reporting Person: SANCHEZ ROBERT E (President and COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-12-03	Common Stock	M	18750	$42.725	Acquired	73807	Direct
2012-12-03	Common Stock	S	18750	$47.24	Disposed	55057	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-12-03	Stock Option (right to buy)	$42.725	M	18750	Disposed	2013-02-13	Common Stock (18750)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1548	Indirect
Common Stock	2625	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 August 22, 2012.

F2: Includes 6 shares of common stock acquired by the reporting person under the Company's dividend reinvestment plan.

F3: The option, representing the right to purchase 18,750 shares, vests in accordance with the following schedule: 6,250 vested on February 13, 2007, 6,250 vested on February 13, 2008 and 6,250 vested on February 13, 2009.