SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

O MEARA VICKI A

(Last)

(First)

(Middle)

11690 N.W. 105 STREET

(Street)

MIAMI

33178

(City)

(State)

(Zip)

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

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

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	President-US Supply Chain

3. Date of Earliest Transaction (Month/Day/Year)
02/28/2007

4. 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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	02/28/2007		M		6,667	A	$22.1	28,273	D
Common Stock	02/28/2007		M		16,666	A	$36.88	44,939	D
Common Stock	02/28/2007		M		20,000	A	$44.885	64,939	D
Common Stock	02/28/2007		M		5,000	A	$33.185	69,939	D
Common Stock	02/28/2007		M		8,834	A	$42.725	78,773	D
Common Stock	02/28/2007		S		57,167	D	$51.6236⁽¹⁾	21,606	D
Common Stock								10,098	I	By Ryder Deferred Compensation Plan

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Stock Option (right to buy)	$22.1	02/28/2007		M			6,667	02/13/2006	02/13/2010	Common Stock	6,667	$0.00	0	D
Stock Option (right to buy)	$36.88	02/28/2007		M			16,666	⁽²⁾	02/10/2011	Common Stock	16,666	$0.00	0	D
Stock Option (right to buy)	$44.885	02/28/2007		M			20,000	⁽³⁾	02/10/2012	Common Stock	20,000	$0.00	10,000	D
Stock Option (right to buy)	$33.185	02/28/2007		M			5,000	10/07/2006	10/07/2012	Common Stock	5,000	$0.00	10,000	D
Stock Option (right to buy)	$42.725	02/28/2007		M			8,834	02/13/2007	02/13/2013	Common Stock	8,834	$0.00	17,666	D

Explanation of Responses:

1. This reflects the average price at which the shares were sold. The sales prices ranged from $51.26 to $52.11.

2. 8,333 stock options vested on February 12, 2006 and 8,333 stock options vested on February 12, 2007.

3. 10,000 stock options vested on February 10, 2006 and 10,000 stock options vested on February 10, 2007

Remarks:

	/a/ Flora R. Perez, by power of attorney	03/02/2007
	** 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 4 (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).
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