RYDER SYSTEM INC — Director's Dealing 2019

Feb 12, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RYDER SYSTEM INC (R)
CIK: 0000085961
Period of Report: 2019-02-08

Reporting Person: Fatovic Robert D (EVP, CLO & Corp. Secretary)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-02-08	common stock	F	1485	$57.92	Disposed	14383	Direct
2019-02-08	common stock	M	3803	—	Acquired	18186	Direct
2019-02-08	common stock	A	2935	—	Acquired	21121	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-02-08	Performance-Based Restricted Stock Rights	$0.0	M	5785	Disposed		common stock (0.0)	Direct
2019-02-08	Stock Option (right to buy)	$57.92	A	14481	Acquired	2029-02-08	common stock (14481.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
common stock	16360	Indirect
common stock	314	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 450 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: Represents time-based restricted stock rights granted to the reporting person by the Company, which vest ratably over a term of three years.

F4: With respect to PBRSRs for the first, second and third performance periods, 1,638 shares, 1,161 shares and 1,004 shares were earned, respectively.

F5: The performance cycle for the PBRSRs was segmented into three performance periods. The performance cycle ended on December 31, 2018. The PBRSRs earned for each performance period vested upon Board approval on February 8, 2019.

F6: The stock options vest in three equal installments on February 8, 2020, February 8, 2021, and February 8, 2022.