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: Cooke Dennis C (President, Global FMS)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-02-08	common stock	F	1864	$57.92	Disposed	4656	Direct
2019-02-08	common stock	M	4753	—	Acquired	9409	Direct
2019-02-08	common stock	A	4662	—	Acquired	14071	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	7230	Disposed		common stock (0.0)	Direct
2019-02-08	Stock Option (right to buy)	$57.92	A	23000	Acquired	2029-02-08	common stock (23000.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
common stock	2520	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 55 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, 2,047 shares, 1,451 shares and 1,255 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.