SEC FORM 3

SEC Form 3

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^*

GALLO-AQUINO CRISTINA A

(Last)

(First)

(Middle)

11690 N.W. 105TH STREET

(Street)

MIAMI

33178

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
09/08/2010

3. Issuer Name and Ticker or Trading Symbol
RYDER SYSTEM INC [ R ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	VP and Controller

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
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	35	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	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)
Stock Option (right to buy)	⁽¹⁾	02/13/2013	Common Stock	500	$42.725	D
Stock Option (right to buy)	⁽¹⁾	02/09/2014	Common Stock	1,580	$52.48	D
Stock Option (right to buy)	⁽²⁾	02/08/2015	Common Stock	975	$58.475	D
Stock Option (right to buy)	⁽³⁾	02/06/2016	Common Stock	893	$32.71	D
Stock Option (right to buy)	⁽⁴⁾	02/10/2017	Common Stock	2,575	$32.985	D
Performance-Based Restricted Stock	⁽⁵⁾	⁽⁵⁾	Common Stock	180	$0.00	D
Performance-Based Restricted Stock	⁽⁶⁾	⁽⁶⁾	Common Stock	295	$0.00	D
Performance-Based Restricted Stock	⁽⁷⁾	⁽⁷⁾	Common Stock	540	$0.00	D

Explanation of Responses:

1. All stock options are currently exercisable.

2. 650 stock options are currently exercisable and 325 stock options will vest on February 8, 2011.

3. 446 stock options will vest on February 6, 2011 and 447 will vest on February 6, 2012.

4. The stock options will vest in three equal installments on February 10, 2011, February 10, 2012 and February 10, 2013.

5. Each performance-based restricted stock right represents a contingent right to receive one share of Ryder common stock based on the company achieving a financial performance goal for the three-year period ending December 31, 2010. Performance-based restricted stock rights that do not vest will be cancelled.

6. Each performance-based restricted stock right represents a contingent right to receive one share of Ryder common stock based on the company achieving a financial performance goal for the three-year period ending December 31, 2011. Performance-based restricted stock rights that do not vest will be cancelled.

7. Each performance-based restricted stock right represents a contingent right to receive one share of Ryder common stock based on the company achieving a financial performance goal for the three-year period ending December 31, 2012. Performance-based restricted stock rights that do not vest will be cancelled.

Remarks:

	/s/ Julie A. Azuaje by power of attorney	09/17/2010
	** 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.