RYDER SYSTEM INC — Director's Dealing 2014

Oct 29, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RYDER SYSTEM INC (R)
CIK: 0000085961
Period of Report: 2014-10-27

Reporting Person: WILLIFORD JOHN H (President, Global Supply Chain)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-10-27	Common Stock	M	15673	$53.63	Acquired	34004	Direct
2014-10-27	Common Stock	M	7052	$58.21	Acquired	41056	Direct
2014-10-27	Common Stock	S	22725	$84.7178	Disposed	18331	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-10-27	Stock Option (right to buy)	$53.63	M	15673	Disposed	2019-02-10	Common Stock (15673)	Direct
2014-10-27	Stock Option (right to buy)	$58.21	M	7052	Disposed	2023-02-08	Common Stock (7052)	Direct

Footnotes

F1: Includes 70 shares of common stock acquired by the reporting person under the Company's dividend reinvestment plan since the date of the reporting person's last Section 16 filing.

F2: This reflects the weighted average price at which the shares were sold. The sale prices ranged from $84.67 to $84.82.

F3: The Reporting Person will provide, upon request by the Commisssion staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.

F4: The option, representing the right to purchase 23,510 shares, vests in accordance with the following schedule: 7,837 vested on February 10, 2013, 7,836 vested on February 10, 2014 and 7,837 will vest on February 10, 2015.

F5: The option, representing the right to purchase 21,155 shares, vests in accordance with the following schedule: 7,052 vested on February 8, 2014, 7,051 will vest on February 8, 2015 and 7,052 will vest on February 8, 2016.