0000085961-17-000017.txt : 20170214
0000085961-17-000017.hdr.sgml : 20170214
20170214202040
ACCESSION NUMBER: 0000085961-17-000017
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20170210
FILED AS OF DATE: 20170214
DATE AS OF CHANGE: 20170214
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: Gleason John J
CENTRAL INDEX KEY: 0001378519
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-04364
FILM NUMBER: 17612488
MAIL ADDRESS:
STREET 1: 11690 N.W. 105TH STREET
CITY: MIAMI
STATE: FL
ZIP: 33178
4
1
wf-form4_148712162767128.xml
FORM 4
X0306
4
2017-02-10
0
0000085961
RYDER SYSTEM INC
R
0001378519
Gleason John J
11690 N.W. 105 STREET
MIAMI
FL
33178
0
1
0
0
SVP & Chief HR Officer
common stock
2017-02-10
4
M
0
964
0
A
17499
D
Performance-Based Restricted Stock Rights
0.0
2017-02-10
4
M
0
1120
0
D
common stock
0.0
0
D
Stock Option (right to buy)
76.49
2017-02-10
4
A
0
16550
0
A
2027-02-09
common stock
16550.0
16550
D
Performance-Based Restricted Stock Rights
0.0
2017-02-10
4
A
0
5100
0
A
common stock
5100.0
5100
D
With respect to the performance-based restricted stock rights (PBRSRs) for the first, second and third performance periods, 428 shares, 331 shares and 205 shares were earned, respectively.
The performance cycle for the PBRSRs was segmented into three performance periods. The performance cycle ended on December 31, 2016. The PBRSRs earned for each performance period vested upon Board approval on February 10, 2017.
The stock options vest in three equal installments on February 10, 2018, February 10, 2019 and February 10, 2020.
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 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, 2019. PBRSRs that do not vest will be cancelled.
/s/ Julie A. Azuaje, by power of attorney
2017-02-14