RYDER SYSTEM INC — Director's Dealing 2012

Feb 16, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RYDER SYSTEM INC (R)
CIK: 0000085961
Period of Report: 2012-02-14

Reporting Person: WILLIFORD JOHN H (President, Global Supply Chain)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-02-14	Common Stock	M	34090	$32.71	Acquired	60145	Direct
2012-02-14	Common Stock	S	34090	$54.0043	Disposed	26055	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-02-14	Stock Option (right to buy)	$32.71	M	34090	Disposed	2016-02-06	Common Stock (34090)	Direct

Footnotes

F1: This reflects the weighted average price at which the shares were sold. The sales prices ranged from $53.76 to $54.085.

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: The stock options vest in three equal installments on February 6, 2010, February 6, 2011 and February 6, 2012.