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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-02-09	common stock	M	974	—	Acquired	2657	Direct
2018-02-09	common stock	F	266	$80.67	Disposed	2400	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	1925	Disposed		common stock (1925.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
common stock	59	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 9 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: With respect to PBRSRs for the first, second and third performance periods, 166 shares, 305 shares and 480 shares were cancelled.

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.