RYDER SYSTEM INC — Director's Dealing 2014

Feb 12, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RYDER SYSTEM INC (R)
CIK: 0000085961
Period of Report: 2014-02-07

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

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-02-07	Stock Option (right to buy)	$71.43	A	22020	Acquired	2024-02-06	Common Stock (22020)	Direct
2014-02-07	Performance-Based Restricted Stock Rights	$0.00	A	4620	Acquired		Common Stock ()	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	17394	Direct
Common Stock	2435	Indirect
Common Stock	496	Indirect

Footnotes

F1: The stock options vest in three equal installments on February 7, 2015, February 7, 2016 and February 7, 2017.

F2: 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, 2016. PBRSRs that do not vest will be cancelled.

F3: 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.