RYDER SYSTEM INC — Director's Dealing 2017

Nov 3, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RYDER SYSTEM INC (R)
CIK: 0000085961
Period of Report: 2017-11-02

Reporting Person: JONES KAREN M. (EVP & Chief Marketing Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-11-02	common stock	M	4790	$55.32	Acquired	6473	Direct
2017-11-02	common stock	S	4790	$81.7839	Disposed	1683	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-11-02	Stock Option (right to buy)	$55.32	M	4790	Disposed	2026-02-09	common stock (4790.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
common stock	59	Indirect

Footnotes

F1: Includes 10 shares of common stock acquired by the reporting person under the Company's dividend reinstatement 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 $81.45 to $82.07. 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 14,370 shares, vests in accordance with the following schedule: 4,790 vested on February 10, 2017, 4,790 will vest on February 10, 2018 and 4,790 will vest on February 10, 2019.