RYDER SYSTEM INC — Director's Dealing 2018

Feb 13, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RYDER SYSTEM INC (R)
CIK: 0000085961
Period of Report: 2018-02-09

Reporting Person: SANCHEZ ROBERT E (Director, Chair and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-02-09	common stock	M	8350	—	Acquired	89312	Direct
2018-02-09	common stock	F	3283	$80.67	Disposed	86070	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-02-09	Performance-Based Restricted Stock Rights	$0.0	M	16470	Disposed		common stock ()	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
common stock	1708	Indirect
common stock	2877	Indirect

Footnotes

F1: Represents shares of common stock withheld by the Company for the payment of taxes due upon the vesting of performance-based restricted stock rights (PBRSRs).

F2: Includes 41 shares of common stock acquired by the reporting person under a broker-assisted dividend reinvestment feature of a joint account held with spouse.

F3: With respect to PBRSRs for the first, second and third performance periods, 1,407 shares, 2,609 shares and 4,104 shares were cancelled, respectively.

F4: The performance cycle for the PBRSRs was segmented into three performance periods. The performance cycle ended on December 31, 2017. The PBRSRs earned for each performance period vested upon Board approval on February 9, 2018.