RYDER SYSTEM INC — Director's Dealing 2020

Feb 11, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RYDER SYSTEM INC (R)
CIK: 0000085961
Period of Report: 2020-02-07

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-02-07	common stock	F	624	$50.05	Disposed	20348	Direct
2020-02-07	common stock	M	2161	—	Acquired	22509	Direct
2020-02-08	common stock	F	229	$50.05	Disposed	22932	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-02-07	Performance-Based Restricted Stock Rights	$0.0	M	6670	Disposed		common stock (0.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
common stock	17740	Indirect
common stock	328	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) granted to the reporting person on February 10, 2017.

F2: Represents shares of common stock withheld by the Company for the payment of taxes due upon the vesting of time-based restricted stock rights granted to the reporting person on February 8, 2019.

F3: Includes 652 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.

F4: With respect to PBRSRs for the first, second and third performance periods, 561 shares, 1,156 shares and 444 shares were earned, respectively.

F5: The performance cycle for the PBRSRs was segmented into three performance periods. The performance cycle ended on December 31, 2019. The PBRSRs earned for each performance period vested upon Board approval on February 7, 2020.