RYDER SYSTEM INC — Director's Dealing 2016

Feb 12, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RYDER SYSTEM INC (R)
CIK: 0000085961
Period of Report: 2016-02-10

Reporting Person: ALLEN SCOTT R. (VP and Controller)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-02-10	Common Stock	A	435	$0.00	Acquired	5435	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-02-10	Stock Option (right to buy)	$55.32	A	3830	Acquired	2026-02-09	Common Stock (3830)	Direct
2016-02-10	Performance-Based Restricted Stock Rights	$0.00	A	435	Acquired		Common Stock (435)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	7	Indirect

Footnotes

F1: Represents time-based restricted stock rights granted to the reporting person by the Company. The restricted stock rights vest 100% on February 10, 2019.

F2: The stock options vest in three equal installments on February 10, 2017, February 10, 2018 and February 10, 2019.

F3: 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.

F4: This amount represents the number of shares that will be earned assuming target performance levels.

F5: The performance cycle is segmented into three equal one-year performance periods. The performance cycle ends on December 31, 2018. PBRSRs that do not vest will be cancelled.