RYDER SYSTEM INC — Director's Dealing 2013

May 7, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RYDER SYSTEM INC (R)
CIK: 0000085961
Period of Report: 2013-05-03

Reporting Person: BERRA JOHN M (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-05-03	Common Stock	A	1881	$0.00	Acquired	21714	Direct
2013-05-03	Common Stock	M	5000	$37.24	Acquired	26714	Direct
2013-05-03	Common Stock	S	5000	$58.80	Disposed	21714	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-05-03	Stock Option (right to buy)	$37.24	M	5000	Disposed	2014-05-07	Common Stock (5000)	Direct

Footnotes

F1: Annual grant of $110,000 of restricted stock units pursuant to the Company's 2012 Equity and Incentive Compensation Plan based on $58.46 per share which was the last reported sale price of the Company's common stock on May 3, 2013.

F2: The option, representing the right to purchase 5,000 shares, vests in accordance with the following schedule: 1,667 stock options vested on May 7, 2005, 1,666 stock options vested on May 7, 2006 and 1,667 stock options vested on May 7, 2007.