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RYDER SYSTEM INC — Director's Dealing 2015
Feb 17, 2015
30770_dirs_2015-02-17_b7ce148c-8b04-4670-a1e0-4f5a9af65a81.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: RYDER SYSTEM INC (R)
CIK: 0000085961
Period of Report: 2015-02-12
Reporting Person: GARCIA ART A (EVP & Chief Financial Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2015-02-12 | Common Stock | M | 2184 | $0.00 | Acquired | 18578 | Direct |
| 2015-02-12 | Common Stock | F | 99 | $93.51 | Disposed | 18479 | Direct |
| 2015-02-13 | Common Stock | M | 6825 | $53.63 | Acquired | 25304 | Direct |
| 2015-02-13 | Common Stock | S | 6825 | $93.5552 | Disposed | 18479 | Direct |
| 2015-02-13 | Common Stock | S | 2000 | $93.6863 | Disposed | 16479 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2015-02-12 | Performance-Based Restricted Stock Rights | $0.00 | M | 4175 | Disposed | Common Stock (0) | Direct | |
| 2015-02-12 | Stock Option (right to buy) | $93.51 | A | 19500 | Acquired | 2025-02-11 | Common Stock (19500) | Direct |
| 2015-02-12 | Performance-Based Restricted Stock Rights | $0.00 | A | 3850 | Acquired | Common Stock (3850) | Direct | |
| 2015-02-13 | Stock Option (right to buy) | $53.63 | M | 6825 | Disposed | 2019-02-10 | Common Stock (6825) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 2469 | Indirect |
| Common Stock | 502 | Indirect |
Footnotes
F1: Represents shares of common stock withheld by the Company for the payment of taxes due upon the vesting of PBRSRs on February 12, 2015.
F2: This reflects the weighted average price at which the shares were sold. The sale prices ranged from $93.39 to $93.84.
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: This reflects the weighted average price at which the shares were sold. The sale prices ranged from $93.68 to $93.69.
F5: The PBRSRs for the first performance period (1,391) were not earned and were therefore cancelled. For the second and third performance periods, 655 shares and 1,529 shares were earned, respectively.
F6: The performance cycle for the performance-based restricted stock rights (PBRSRs) was segmented into three performance periods. The performance cycle ended on December 31, 2014. The PBRSRs earned for each performance period vested upon Board approval on February 12, 2015.
F7: The stock options vest in three equal installments on February 12, 2016, February 12, 2017 and February 12, 2018.
F8: The PBRSRs represent a contingent right to receive that number of shares of Ryder common stock equal to a maximum of 125% of the number of PBRSRs granted based on the Company achieving certain threshold, target or maximum performance goals.
F9: This amount represents the number of shares that will be earned assuming target performance levels.
F10: The performance cycle for one half of the performance-based restricted stock rights (PBRSRs) is segmented into three 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 performance cycle ends on December 31, 2017. PBRSRs that do not vest will be cancelled.