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: Sensing John S. (President, Global Supply Chain)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-02-09	common stock	M	1191	—	Acquired	3921	Direct
2018-02-09	common stock	F	482	$80.67	Disposed	3365	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	2355	Disposed		common stock (0.0)	Direct

Footnotes

F1: Represents shares of common stock withheld by the Company for the payment of taxes due upon the vesting of restricted stock rights granted to the reporting person on February 12, 2015.

F2: Includes 53 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.

F3: The balance has been reduced to adjust for an overstatement of 127 shares in a Form 4 filed on February 21, 2017 that also was carried forward in subsequent Forms 4.

F4: With respect to PBRSRs for the first, second and third performance periods, 203 shares, 373 shares and 588 shares were cancelled, respectively.

F5: 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.