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Filing Details

Accession Number:: 0001209191-15-014438
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2015-02-17 15:34:02
Reporting Period:: 2015-02-12

Filing Date:: 2015-02-17
Accepted Time:: 2015-02-17 15:34:02
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
85961	Ryder System Inc	R	Services-Auto Rental & Leasing (No Drivers) (7510)	590739250

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1183585	A Art Garcia	11690 N.w. 105 Street Miami FL 33178	Evp & Chief Financial Officer	No	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2015-02-12	2,184	$0.00	18,578	No	4	M	Direct
Common Stock	Disposition	2015-02-12	99	$93.51	18,479	No	4	F	Direct
Common Stock	Acquisiton	2015-02-13	6,825	$53.63	25,304	No	4	M	Direct
Common Stock	Disposition	2015-02-13	6,825	$93.56	18,479	No	4	S	Direct
Common Stock	Disposition	2015-02-13	2,000	$93.69	16,479	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	F	Direct
No	4	M	Direct
No	4	S	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Performance-Based Restricted Stock Rights	Disposition	2015-02-12	4,175	$0.00	0	$0.00
Common Stock	Stock Option (right to buy)	Acquisiton	2015-02-12	19,500	$0.00	19,500	$93.51
Common Stock	Performance-Based Restricted Stock Rights	Acquisiton	2015-02-12	3,850	$0.00	3,850	$0.00
Common Stock	Stock Option (right to buy)	Disposition	2015-02-13	6,825	$0.00	6,825	$53.63

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0			No	4	M	Direct
19,500		2025-02-11	No	4	A	Direct
3,850			No	4	A	Direct
6,825	2014-02-11	2019-02-10	No	4	M	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	2,469	Indirect	By Ryder Employee Savings Plan
Common Stock	502	Indirect	By Ryder Deferred Compensation Plan

Footnotes

Represents shares of common stock withheld by the Company for the payment of taxes due upon the vesting of PBRSRs on February 12, 2015.
This reflects the weighted average price at which the shares were sold. The sale prices ranged from $93.39 to $93.84.
The Reporting Person will provide, upon request by the Commisssion staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
This reflects the weighted average price at which the shares were sold. The sale prices ranged from $93.68 to $93.69.
The PBRSRs for the first performance period (1,391) were not earned and were therefore cancelled. For the second and third performance periods, 655 shares and 1,529 shares were earned, respectively.
The performance cycle for the performance-based restricted stock rights (PBRSRs) was segmented into three performance periods. The performance cycle ended on December 31, 2014. The PBRSRs earned for each performance period vested upon Board approval on February 12, 2015.
The stock options vest in three equal installments on February 12, 2016, February 12, 2017 and February 12, 2018.
The PBRSRs represent a contingent right to receive that number of shares of Ryder common stock equal to a maximum of 125% of the number of PBRSRs granted based on the Company achieving certain threshold, target or maximum performance goals.
This amount represents the number of shares that will be earned assuming target performance levels.
The performance cycle for one half of the performance-based restricted stock rights (PBRSRs) is segmented into three performance periods of one, two and three years. The performance period for the other half is segmented into three equal one-year performance periods. The performance cycle ends on December 31, 2017. PBRSRs that do not vest will be cancelled.