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RYDER SYSTEM INC — Director's Dealing 2013
Feb 13, 2013
30770_dirs_2013-02-12_76ce8b37-636a-4458-9998-ebf56d9e32f1.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: RYDER SYSTEM INC (R)
CIK: 0000085961
Period of Report: 2012-11-01
Reporting Person: SANCHEZ ROBERT E (President and COO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2012-11-01 | Common Stock | F | 5467 | $45.53 | Disposed | 49590 | Direct |
| 2013-02-10 | Common Stock | F | 273 | $57.705 | Disposed | 49319 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2013-02-08 | Stock Option (right to buy) | $58.21 | A | 89325 | Acquired | 2023-02-07 | Common Stock (89325) | Direct |
| 2013-02-08 | Performance-Based Restricted Stock Rights | $0.00 | A | 21475 | Acquired | Common Stock () | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 1544 | Indirect |
| Common Stock | 2616 | Indirect |
Footnotes
F1: Represents shares of common stock withheld by the Company for the payment of taxes due upon the vesting of restricted stock rights granted to the reporting person on October 9, 2009.
F2: Represents shares of common stock withheld by the Company for the payment of taxes due upon the vesting of restricted stock rights granted to the reporting person on February 10, 2010.
F3: Includes 2 shares of common stock acquired by the reporting person under the Company's dividend reinvestment plan.
F4: The stock options vest in three equal installments on February 8, 2014, February 8, 2015 and February 8, 2016.
F5: 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.
F6: 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.