X0306 4 2015-02-12 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 2015-02-12 4 M 0 2391 0.00 A 23833 D Common Stock 2015-02-12 4 F 0 101 93.51 D 23732 D Performance-Based Restricted Stock Rights 0.00 2015-02-12 4 M 0 4570 0.00 D Common Stock 0 0 D Stock Option (right to buy) 93.51 2015-02-12 4 A 0 21670 0.00 A 2025-02-11 Common Stock 21670 21670 D Performance-Based Restricted Stock Rights 0.00 2015-02-12 4 A 0 4280 0.00 A Common Stock 4280 4280 D Represents shares of common stock withheld by the Company for the payment of taxes due upon the vesting of PBRSRs on February 12, 2015. The PBRSRs for the first performance period (1,523) were not earned and were therefore cancelled. For the second and third performance periods, 717 shares and 1,674 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. /s/ Flora R. Perez by power of attorney 2015-02-17