X0304 4 2012-02-10 0 0000085961 RYDER SYSTEM INC R 0001542452 Cooke Dennis C 11690 N.W. 105TH STREET MIAMI FL 33178 0 1 0 0 President, Global FMS Common Stock 15000 D Stock Option (right to buy) 53.63 2012-02-10 4 A 0 22395 0.00 A 2019-02-10 Common Stock 22395 22395 D Performance-Based Restricted Stock Rights 0.00 2012-02-10 4 A 0 4570 0.00 A Common Stock 4570 D The stock options vest in three equal installments on February 10, 2013, February 10, 2014 and February 10, 2015. The performance cycle for the performance-based restricted stock rights (PBRSRs) is segmented into three equal performance periods of one, two and three years. The PBRSRs earned for each performance period will vest at the end of the three-year cycle ending on December 31, 2014. PBRSRs that do not vest will be cancelled. The PBRSRs represent a contingent right to receive that number of shares of Ryder common stock equal to 25% to 125% of the number of PBRSRs based on the Company achieving certain threshold, target or maximum performance goals. /s/ Julie A. Azuaje, by power of attorney 2012-02-14