RYDER SYSTEM INC — Director's Dealing 2012

Mar 19, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RYDER SYSTEM INC (R)
CIK: 0000085961
Period of Report: 2012-03-15

Reporting Person: SANCHEZ ROBERT E (President and COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-03-15	Common Stock	M	7500	$38.985	Acquired	63536	Direct
2012-03-15	Common Stock	S	7500	$55.00	Disposed	56036	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-03-15	Stock Option (right to buy)	$38.985	M	7500	Disposed	2012-07-15	Common Stock (7500)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1512	Indirect
Common Stock	2566	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 February 9, 2012.

F2: The option, representing the right to purchase 7,500 shares, vests in accordance with the following schedule: 2,500 vested on July 15, 2006, 2,500 vested on July 15, 2007 and 2,500 vested on July 15, 2008.