RYDER SYSTEM INC — Director's Dealing 2016

Nov 14, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RYDER SYSTEM INC (R)
CIK: 0000085961
Period of Report: 2016-11-09

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-11-09	common stock	M	15000	$49.39	Acquired	24794	Direct
2016-11-09	common stock	S	15000	$76.1425	Disposed	9794	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-11-09	Stock Option (right to buy)	$49.39	M	15000	Disposed	2018-02-11	common stock (15000.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
common stock	6050	Indirect
common stock	294	Indirect

Footnotes

F1: Includes 168 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 $76.06 to $76.23.

F3: 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.

F4: The option, representing the right to purchase 19,340 shares, vests in accordance with the following schedule: 6,447 vested on February 11, 2012, 6,446 vested on February 11, 2013 and 6,447 vested on February 11, 2014.