-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, PDfpAevbZ35ZGzAt8AV6p7/aQYqGpsQIqFvA2rlmQ+XX3jcTxeNiPzmLswjfrhCu pf3LZ+JxNhccoOVRt/XSOg== 0000898382-01-500012.txt : 20010821 0000898382-01-500012.hdr.sgml : 20010821 ACCESSION NUMBER: 0000898382-01-500012 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20010820 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: RYDER SYSTEM INC CENTRAL INDEX KEY: 0000085961 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-AUTO RENTAL & LEASING (NO DRIVERS) [7510] IRS NUMBER: 590739250 STATE OF INCORPORATION: FL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-04134 FILM NUMBER: 1718620 BUSINESS ADDRESS: STREET 1: 3600 NW 82ND AVE CITY: MIAMI STATE: FL ZIP: 33166 BUSINESS PHONE: 3055003283 MAIL ADDRESS: STREET 1: 3600 NW 82 AVENUE CITY: MIAMI STATE: FL ZIP: 33166 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: COOPERMAN LEON G CENTRAL INDEX KEY: 0000898382 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] IRS NUMBER: 128321905 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 88 PINE STREET STREET 2: WALL STREET PLAZA 31ST FLOOR CITY: NEW YORK STATE: NY ZIP: 10005 BUSINESS PHONE: 2124955200 MAIL ADDRESS: STREET 1: 88 PINE STREET STREET 2: WALL ST PLAZA 31ST FLOOR CITY: NEW YORK STATE: NY ZIP: 10005 SC 13D/A 1 ryerda.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 1 )* RYDER SYSTEM, INC. (Name of Issuer) Common Stock (Title of Class of Securities) 783549108 (CUSIP Number) Alan M. Stark 80 Main Street West Orange, New Jersey 07052 (973)325-8660 (Name Address, and Telephone Number of Person Authorized to Receive Notices and Communications) June 27, 2001 (Date of Event which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule 13D is filed: [ ] Rule 13d-1(b) [x] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). SCHEDULE 13D CUSIP No. 783549108 _______________________________________________________________ 1) Names of Reporting Person S.S. or I.R.S. Identification No. of Above Person LEON G. COOPERMAN ________________________________________________________________ 2) Check the Appropriate Box if a Member of a Group (See Instructions) (a) [ ] (b) [X] ________________________________________________________________ 3) SEC Use Only ________________________________________________________________ 4) Source of Funds: WC ________________________________________________________________ 5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e). . . . . . . . . . . . NOT APPLICABLE ________________________________________________________________ 6) Citizenship or place of Organization: UNITED STATES ________________________________________________________________ (7) Sole voting Power Number of 3,143,100 Shares Bene- ficially (8) Shared Voting Power owned by 1,542,200 Each Report- ing Person (9) Sole Dispositive Power With 3,143,100 (10) Shared Dispositive Power 1,542,200 ________________________________________________________________ 11) Aggregate Amount Beneficially Owned by Each Reporting Person: 4,685,300 ________________________________________________________________ 12) Check if the Aggregate Amount in Row (11) N/A ________________________________________________________________ 13) Percent of Class Represented by Amount in Box (11): 7.7% ________________________________________________________________ 14) Type of Reporting Person I N Item 3. Source and Amount of Funds or Other Consideration. Cooperman beneficially owns 4,685,300 Shares. Of this amount, 1,543,500 Shares were purchased by Omega Capital Partners, L.P. ("Capital LP"), at a cost of $29,952,102; 55,500 Shares were purchased by Omega Institutional Partners, L.P. ("Institutional LP"), at a cost of $1,058,433; 125,000 Shares were purchased by Omega Capital Investors, L.P. ("Investors LP"), at a cost of $2,385,191; 1,292,100 Shares were purchased by Omega Overseas Partners, Ltd. ("Overseas"), at a cost of $24,715,746; 127,000 Shares were purchased by Omega Equity Investors, L.P. ("Equity LP"), at a cost of $2,208,565; and 1,542,200 Shares were purchased by the Managed Accounts ("Managed Account"), at a cost of $30,687,171. The source of funds for the purchase of all such Shares was investment capital. Item 5. Interest in Securities of the Issuer. Based upon the information contained in the Company's Form 10Q for the quarterly period ended June 30, 2001 filed with the Securities and Exchange Commission on August 7, 2001, there were issued and outstanding as of July 31, 2001 60,488,204 Shares. Capital LP is deemed to own 1,543,500 Shares, or 2.6% of those outstanding; Institutional LP is deemed to own 55,500 Shares, or 0.1% of those outstanding; Equity LP is deemed to own 127,000 Shares, or 0.2% of those outstanding; Overseas is deemed to own 1,292,100 Shares, or 2.1% of those outstanding; Investors LP is deemed to own 125,000 Shares, or 0.2% of those outstanding; and the Managed Account is deemed to own 1,542,200 Shares, or 2.5% of those outstanding. The following table details the transactions by each of Capital LP, Institutional LP, Equity LP, Oversees, Investors LP, and the Managed Account in shares of Common Stock within the 60 day period prior to June 27, 2001 and to the date of this filing. All such transactions were open market transactions. Omega Capital Partners, L.P. Date of Shares Purchased Price Per Transaction Shares Sold (-) Share 06/25/01 9,900- $18.97 06/26/01 12,700- 19.12 06/27/01 47,900- 19.31 06/28/01 11,500- 19.54 06/29/01 600- 19.70 07/26/01 8,500- 19.22 07/26/01 23,500- 19.19 08/03/01 200- 19.57 08/07/01 8,000- 19.42 08/08/01 9,200- 19.26 08/14/01 33,100- 19.50 08/15/01 68,300- 19.76 08/16/01 1,500- 21.08 Omega Institutional Partners, L.P. Date of Shares Purchased Price Per Transaction Shares Sold (-) Share 06/26/01 300- $19.12 06/27/01 1,700- 19.32 06/28/01 400- 19.54 07/26/01 300- 19.22 07/27/01 700- 19.19 08/07/01 400- 19.42 08/08/01 300- 19.26 08/14/01 1,200- 19.50 08/15/01 2,300- 19.76 Omega Capital Investors, L.P. Date of Shares Purchased Price Per Transaction Shares Sold (-) Share 06/25/01 900- $18.97 06/26/01 1,200- 19.14 06/27/01 3,800- 19.32 06/28/01 900- 19.54 07/26/01 400- 19.22 08/07/01 700- 19.42 08/08/01 700- 19.26 08/14/01 2,600- 19.50 08/15/01 5,400- 19.76 Omega Overseas Partners, Ltd. Date of Shares Purchased Price Per Transaction Shares Sold (-) Share 06/25/01 17,300- $18.97 06/26/01 19,700- 19.12 06/27/01 40,700- 19.32 06/28/01 9,600- 19.54 07/09/01 4,400- 19.20 07/26/01 7,400- 19.22 08/03/01 200- 19.57 08/07/01 7,300- 19.42 08/08/01 7,600- 19.26 08/14/01 28,600- 19.50 08/15/01 56,700- 19.76 Omega Equity Investors, L.P. Date of Shares Purchased Price Per Transaction Shares Sold (-) Share 06/07/01 15,300 $21.50 06/11/01 11,200 20.88 07/26/01 400- 19.22 08/07/01 2,700- 19.42 08/08/01 600- 19.26 08/16/01 15,300- 20.85 The Managed Account Date of Shares Purchased Price Per Transaction Shares Sold (-) Share 06/25/01 4,800- 18.97 06/26/01 6,100- 19.12 06/27/01 15,300- 19.31 06/28/01 3,400- 19.54 07/09/01 400- 19.20 07/26/01 6,600- 19.22 07/26/01 9,000- 19.19 08/03/01 100- 19.57 08/07/01 10,900- 19.42 08/08/01 9,400- 19.26 08/14/01 34,500- 19.50 08/15/01 67,300- 19.76 SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct. DATED: August 17, 2001 LEON G. COOPERMAN, individually, as Managing Member of Omega Associates, L.L.C. on behalf of Omega Capital Partners, L.P., Institutional Partners, L.P., Omega Capital Investors, L.P., Omega Equity Investors, L.P., and as President of Omega Advisors, Inc. By /s/ ALAN M. STARK Alan M. Stark Attorney-in-Fact Power of Attorney on file ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE FEDERAL CRIMINAL VIOLATIONS (SEE -----END PRIVACY-ENHANCED MESSAGE-----