0001209191-15-014410.txt : 20150218
0001209191-15-014410.hdr.sgml : 20150216
20150217151800
ACCESSION NUMBER: 0001209191-15-014410
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20150212
FILED AS OF DATE: 20150217
DATE AS OF CHANGE: 20150217
ISSUER:
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
BUSINESS ADDRESS:
STREET 1: 11690 N.W. 105TH STREET
CITY: MIAMI
STATE: FL
ZIP: 33178
BUSINESS PHONE: 3055003726
MAIL ADDRESS:
STREET 1: 11690 N.W. 105TH STREET
CITY: MIAMI
STATE: FL
ZIP: 33178
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Cooke Dennis C
CENTRAL INDEX KEY: 0001542452
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-04364
FILM NUMBER: 15621608
MAIL ADDRESS:
STREET 1: 11690 N.W. 105TH STREET
CITY: MIAMI
STATE: FL
ZIP: 33178
4
1
doc4.xml
FORM 4 SUBMISSION
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