RYDER SYSTEM INC — Director's Dealing 2013

Nov 26, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RYDER SYSTEM INC (R)
CIK: 0000085961
Period of Report: 2013-11-22

Reporting Person: GALLO-AQUINO CRISTINA (VP and Controller)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-11-22	Common Stock	M	1580	$52.48	Acquired	6975	Direct
2013-11-22	Common Stock	M	1570	$49.39	Acquired	8545	Direct
2013-11-22	Common Stock	S	3150	$68.8104	Disposed	5395	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-11-22	Stock Option (right to buy)	$52.48	M	1580	Disposed	2014-02-09	Common Stock (1580)	Direct
2013-11-22	Stock Option (right to buy)	$49.39	M	1570	Disposed	2018-02-11	Common Stock (1570)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	358	Indirect

Footnotes

F1: This reflects the weighted average price at which the shares were sold. The sale prices ranged from $68.755 to $68.92.

F2: The Reporting Person will provide, upon request by the Commisssion staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.

F3: The option, representing the right to purchase 1,580 shares, vests in accordance with the following schedule: 527 vested on February 9, 2008, 526 vested on February 9, 2009 and 527 vested on February 9, 2010.

F4: The option, representing the right to purchase 3,855 shares, vests in accordance with the following schedule: 1,285 vested on February 11, 2012, 1,285 vested on February 11, 2013 and 1,285 will vest on February 11, 2014.