RYDER SYSTEM INC — Director's Dealing 2012

Jan 5, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RYDER SYSTEM INC (R)
CIK: 0000085961
Period of Report: 2012-01-03

Reporting Person: Fatovic Robert D (EVP, CLO & Corp. Secretary)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-01-03	Common Stock	M	12000	$44.885	Acquired	33087	Direct
2012-01-03	Common Stock	S	12000	$55.00	Disposed	21087	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-01-03	Stock Option (right to buy)	$44.885	M	12000	Disposed	2012-02-10	Common Stock (12000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2122	Indirect
Common Stock	6362	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 November 28, 2011.

F2: Includes 242 shares of common stock acquired by the reporting person under the Company's dividend reinvestment plan.

F3: The option, representing the right to purchase 12,000 shares, vests in accordance with the following schedule: 4,000 vested on February 10, 2006, 4,000 vested on February 10, 2007 and 4,000 vested on February 10, 2008.