RYDER SYSTEM INC — Director's Dealing 2013

Jan 23, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RYDER SYSTEM INC (R)
CIK: 0000085961
Period of Report: 2013-01-17

Reporting Person: GARCIA ART A (EVP & Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-01-17	Common Stock	M	2655	$52.48	Acquired	22875	Direct
2013-01-17	Common Stock	M	3287	$32.71	Acquired	26162	Direct
2013-01-17	Common Stock	M	3402	$32.985	Acquired	29564	Direct
2013-01-17	Common Stock	S	9344	$55.00	Disposed	20220	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-01-17	Stock Option (right to buy)	$52.48	M	2655	Disposed	2014-02-09	Common Stock (2655)	Direct
2013-01-17	Stock Option (right to buy)	$32.71	M	3287	Disposed	2016-02-06	Common Stock (3287)	Direct
2013-01-17	Stock Option (right to buy)	$32.985	M	3402	Disposed	2017-02-10	Common Stock (3402)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2391	Indirect
Common Stock	490	Indirect

Footnotes

F1: The option exercise and stock sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan established by the Reporting Person on August 16, 2012.

F2: The option, representing the right to purchase 5,310 shares, vests in accordance with the following schedule: 1,770 vested on February 9, 2008, 1,770 vested on February 9, 2009 and 1,770 vested on February 9, 2010.

F3: The option, representing the right to purchase 6,575 shares, vests in accordance with the following schedule: 2,192 vested on February 6, 2010, 2,191 vested on February 6, 2011 and 2,192 vested on February 6, 2012.

F4: The option, representing the right to purchase 6,805 shares, vests in accordance with the following schedule: 2,269 vested on February 10, 2011, 2,268 vested on February 10, 2012 and 2,268 will vest on February 10, 2013.