RYDER SYSTEM INC — Director's Dealing 2013

Jan 5, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RYDER SYSTEM INC (R)
CIK: 0000085961
Period of Report: 2013-01-03

Reporting Person: GREENE GREGORY F (EVP and CAO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-01-03	Common Stock	M	9090	$32.71	Acquired	29802	Direct
2013-01-03	Common Stock	M	9073	$32.985	Acquired	38875	Direct
2013-01-03	Common Stock	S	18163	$52.00	Disposed	20712	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-01-03	Stock Option (right to buy)	$32.71	M	9090	Disposed	2016-02-06	Common Stock (9090)	Direct
2013-01-03	Stock Option (right to buy)	$32.985	M	9073	Disposed	2017-02-10	Common Stock (9073)	Direct

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 24, 2012.

F2: Includes 58 shares of common stock acquired by the reporting person under the Company's dividend reinvestment plan.

F3: The option, representing the right to purchase 27,270 shares, vests in accordance with the following schedule: 9,090 vested on February 6, 2010, 9,090 vested on February 6, 2011 and 9,090 vested on February 6, 2012.

F4: The option, representing the right to purchase 27,220 shares, vests in accordance with the following schedule: 9,074 vested on February 10, 2011, 9,073 vested on February 10, 2012 and 9,073 will vest on February 10, 2013.