RYDER SYSTEM INC — Director's Dealing 2017

Nov 17, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RYDER SYSTEM INC (R)
CIK: 0000085961
Period of Report: 2017-11-16

Reporting Person: Gleason John J (EVP & Chief Sales Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-11-16	common stock	M	8760	$49.39	Acquired	25119	Direct
2017-11-16	common stock	S	8760	$78.30	Disposed	16359	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-11-16	Stock Option (right to buy)	$49.39	M	8760	Disposed	2018-02-11	common stock (8760.0)	Direct

Footnotes

F1: Includes 86 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 $77.95 to $78.98. The Reporting Person will provide, upon request by the Commission staff, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.

F3: The options, representing the right to purchase 8,760 shares, vested in accordance with the following schedule: 2,920 vested on February 11, 2012, 2,920 vested on February 11, 2013 and 2,920 vested on February 11, 2014.