RYDER SYSTEM INC — Director's Dealing 2013

Sep 18, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RYDER SYSTEM INC (R)
CIK: 0000085961
Period of Report: 2013-09-16

Reporting Person: JONES KAREN M. (SVP & Chief Marketing Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-09-16	Common Stock	A	7000	$0.00	Acquired	7000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-09-16	Stock Option (right to buy)	$60.41	A	10620	Acquired	2023-09-15	Common Stock (10620)	Direct
2013-09-16	Performance-Based Restricted Stock Rights	$0.00	A	2315	Acquired		Common Stock ()	Direct

Footnotes

F1: Represents time-based restricted stock rights granted to the reporting person by the Company. The restricted stock rights vest 100% on September 16, 2016.

F2: The stock options vest in three equal installments on September 16, 2014, September 16, 2015 and September 16, 2016.

F3: The performance cycle for one half of the performance-based restricted stock rights (PBRSRs) is segmented into three equal performance periods of one, two and three years. The performance period for the other half is segmented into three equal one-year performance periods. The PBRSRs earned for each performance period will vest at the end of the three-year cycle ending on December 31, 2015. PBRSRs that do not vest will be cancelled.

F4: The PBRSRs represent a contingent right to receive that number of shares of Ryder common stock equal to 25% to 125% of the number of PBRSRs based on the Company achieving certain threshold, target or maximum performance goals.