RYDER SYSTEM INC — Director's Dealing 2013

May 14, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RYDER SYSTEM INC (R)
CIK: 0000085961
Period of Report: 2013-02-05

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-02-05	Common Stock	M	447	$32.71	Acquired	5842	Direct
2013-02-05	Common Stock	M	400	$32.985	Acquired	6242	Direct
2013-02-05	Common Stock	S	447	$57.8308	Disposed	5795	Direct
2013-02-05	Common Stock	S	400	$57.8324	Disposed	5395	Direct
2013-05-13	Common Stock	M	1316	$32.985	Acquired	6711	Direct
2013-05-13	Common Stock	S	1316	$60.2369	Disposed	5395	Direct
2013-05-13	Common Stock	I	353	$60.28	Acquired	353	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-02-05	Stock Option (right to buy)	$32.71	M	447	Disposed	2016-02-06	Common Stock (447)	Direct
2013-02-05	Stock Option (right to buy)	$32.985	M	400	Disposed	2017-02-10	Common Stock (400)	Direct
2013-05-13	Stock Option (right to buy)	$32.985	M	1316	Disposed	2017-02-10	Common Stock (1316)	Direct

Footnotes

F1: This reflects the weighted average price at which the shares were sold. The sale prices ranged from $60.17 to $60.28.

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 option, representing the right to purchase 1,340 shares, vests in accordance with the following schedule: 447 stock options vested on February 6, 2010, 446 stock options vested on Februry 6, 2011 and 447 stock options vested on February 6, 2012.

F4: The option, representing the right to purchase 2,575 shares, vests in accordance with the following schedule: 859 stock options vested on February 10, 2011, 858 stock options vested on Februry 10, 2012 and 858 stock options vested on February 10, 2013.