Sec Form 4 Filing - GARCIA ART A @ RYDER SYSTEM INC - 2016-11-14

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

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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person GARCIA ART A 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) EVP & Chief Financial Officer (Last) (First) (Middle) 11690 N.W. 105 STREET 3. Date of Earliest Transaction (MM/DD/YY) 11/14/2016 (Street) MIAMI, FL33178 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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) Code V Amount (A) or (D) Price Commom Stock 11/14/2016 J( 1 ) 8,964 D $ 0 9,990 D Commom Stock 2,570 I By Ryder Employee Savings Plan Commom Stock 5,430 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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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 (MM/DD/YY) 7. Title and Amount of Underlying Securities (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 of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Stock Option (right to buy) $ 53.63 11/14/2016 J( 2 ) 3,413 ( 3 ) 02/10/2019 common stock 3,413 $ 0 3,412 D Stock Option (right to buy) $ 58.21 11/14/2016 J( 2 ) 9,290 ( 4 ) 02/07/2023 common stock 9,290 $ 0 9,290 D Stock Option (right to buy) $ 71.43 11/14/2016 J( 2 ) 9,788 ( 5 ) 02/06/2024 common stock 9,788 $ 0 12,232 D Stock Option (right to buy) $ 93.51 11/14/2016 J( 2 ) 5,891 ( 6 ) 02/11/2025 common stock 5,891 $ 0 13,609 D Performance-Based Restricted Stock Rights $ 0 11/14/2016 J( 7 ) 1,449 ( 8 ) ( 8 ) common stock 1,449 ( 9 ) $ 0 2,891 D Performance-Based Restricted Stock Rights $ 0 11/14/2016 J( 7 ) 612 ( 10 ) ( 10 ) common stock 612 ( 9 ) $ 0 2,908 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other GARCIA ART A 11690 N.W. 105 STREET MIAMI, FL33178 EVP & Chief Financial Officer Signatures /s/ Julie A. Azuaje by power of attorney 11/16/2016 Signature of Reporting Person Date

Explanation of Responses:

( 1 )The reporting person transferred these shares to his former spouse pursuant to a property settlement agreement. ( 2 )The reporting person transferred the economic interest in these stock options to his former spouse, pursuant to a property settlement agreement, whom has sole discretion with respect to the exercise of the options and sale of the underlying common stock. Accordingly, the reporting person will no longer report beneficial ownership or dispositions of these securities (including acquisitions or dispositions of the underlying common stock). ( 3 )The stock options vested in three equal installments on February 10, 2013, February 10, 2014 and February 10, 2015. ( 4 )The stock options vested in three equal installments on February 8, 2014, February 8, 2015 and February 8, 2016. ( 5 )The stock options vest in three equal installments on February 7, 2015, February 7, 2016 and February 7, 2017. ( 6 )The stock options vest in three equal installments on February 12, 2016, February 12, 2017 and February 12, 2018. ( 7 )The reporting person transferred the economic interest in these performance-based restricted stock rights (PBRSRs) to his former spouse, pursuant to a property settlement agreement, whom will receive the common stock resulting from settlement of any such PBRSRs that are earned. Accordingly, the reporting person will no longer report beneficial ownership or dispositions of these securities (including acquisitions or dispositions of the common stock covered by these PBRSRs). ( 8 )The performance cycle for one half of the PBRSRs is segmented into three equal 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 PBRSRs earned for each performance period will vest at the end of the three-year cycle ending on December 31, 2016. PBRSRs that do not vest will be cancelled. ( 9 )The PBRSRs represent a contingent right to receive that number of shares of Ryder common stock equal to 25% to 125% of the number of PBRSRs based on the Company achieving certain threshold, target or maximum performance goals. ( 10 )The performance cycle for one half of the PBRSRs is segmented into three equal 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 PBRSRs earned for each performance period will vest at the end of the three-year cycle ending on December 31, 2017. PBRSRs that do not vest will be cancelled.

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