RYDER SYSTEM INC — Director's Dealing 2013

Jan 4, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RYDER SYSTEM INC (R)
CIK: 0000085961
Period of Report: 2013-01-02

Reporting Person: Fatovic Robert D (EVP, CLO & Corp. Secretary)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-01-02	Common Stock	M	18000	$42.725	Acquired	49423	Direct
2013-01-02	Common Stock	S	18000	$50.9097	Disposed	31423	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-01-02	Stock Option (right to buy)	$42.725	M	18000	Disposed	2013-02-13	Common Stock (18000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	6179	Indirect
Common Stock	11547	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 31, 2012.

F2: Includes 266 shares of common stock acquired by the reporting persom under the Company's dividend reinvestment plan since the date of the reporting person's last Section 16 filing.

F3: This reflects the weighted average price at which the shares were sold. The sales prices ranged from $50.41 to $51.20.

F4: 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.

F5: The option, representing the right to purchase 18,000 shares, vests in accordance with the following schedule: 6,000 vested on February 13, 2007, 6,000 vested on February 13, 2008 and 6,000 vested on February 13, 2009.