FORM 3 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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1. Name and Address of Reporting Person*
(Street)
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2. Date of Event Requiring Statement
(Month/Day/Year) 03/16/2015 |
3. Issuer Name and Ticker or Trading Symbol
RYDER SYSTEM INC [ R ] |
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4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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5. If Amendment, Date of Original Filed
(Month/Day/Year) |
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6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Beneficially Owned | |||
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1. Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
Common Stock | 8,502(1) | D | |
Common Stock | 226 | I | By Ryder Employee Savings Plan |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||
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1. Title of Derivative Security (Instr. 4) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) | ||
Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Stock Option (right to buy) | 02/08/2016 | 02/07/2023 | Common Stock | 1,042 | $58.21 | D | |
Stock Option (right to buy) | (2) | 02/06/2024 | Common Stock | 2,490 | $71.43 | D | |
Stock Option (right to buy) | (3) | 02/11/2025 | Common Stock | 11,920 | $93.51 | D | |
Performance-Based Restricted Stock Rights | (4) | (4) | Common Stock | 388(5) | $0.00 | D | |
Performance-Based Restricted Stock Rights | (6) | (6) | Common Stock | 409(7) | $0.00 | D | |
Performance-Based Restricted Stock Rights | (8) | (8) | Common Stock | 2,355(9) | $0.00 | D |
Explanation of Responses: |
1. Includes 7,500 time-based restricted stock rights that will vest on February 7, 2016, 375 time-based restricted stock rights that will vest on February 8, 2016 and 390 time-based restricted stock rights that will vest on February 7, 2017. |
2. 1,245 stock options will vest on February 7, 2016 and 1,245 stock options will vest on February 7, 2017. |
3. The stock options will vest in three equal installments on February 12, 2016, February 12, 2017 and February 12, 2018. |
4. The performance cycle for the performance-based restricted stock rights (PBRSRs) is segmented into three performance periods. The performance cycle ends on December 31, 2015. All PBRSRs earned will vest upon Board approval in February 2016. Any unearned PBRSRs will be forfeited. |
5. 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. As of December 31, 2014 263 PBRSRs have been earned. |
6. The performance cycle for the performance-based restricted stock rights (PBRSRs) is segmented into three performance periods. The performance cycle ends on December 31, 2016. All PBRSRs earned will vest upon Board approval in February 2017. Any unearned PBRSRs will be forfeited. |
7. 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. As of December 31, 2014 149 PBRSRs have been earned. |
8. The performance cycle for the performance-based restricted stock rights (PBRSRs) is segmented into three performance periods. The performance cycle ends on December 31, 2017. All PBRSRs earned will vest upon Board approval in February 2018. Any unearned PBRSRs will be forfeited. |
9. 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. |
Remarks: |
/s/Flora R. Perez by power of attorney | 03/23/2015 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |