Sec Form 4 Filing - Fiore Timothy R. @ RYDER SYSTEM INC - 2018-02-20

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 Fiore Timothy R. 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) SVP & CPO (Last) (First) (Middle) 11690 N.W. 105TH STREET 3. Date of Earliest Transaction (MM/DD/YY) 02/20/2018 (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 common stock 02/20/2018 A 5,326 ( 1 ) A $ 0 5,499 D common stock 02/21/2018 A 341 ( 2 ) A $ 0 5,840 D

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) $ 74.72 02/2 1/2018 A 4,814 ( 3 ) 02/20/2028 common stock 4,814 $ 0 4,814 D Performance-Based Restricted Stock Rights $ 0 02/21/2018 A 2,048 ( 4 ) ( 5 ) ( 6 ) ( 6 ) common stock 2,048 $ 0 2,048 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Fiore Timothy R. 11690 N.W. 105TH STREET MIAMI, FL33178 SVP & CPO Signatures /s/ Indira Sordo by power of attorney 02/22/2018 Signature of Reporting Person Date

Explanation of Responses:

( 1 )Represents time-based restricted stock rights granted to the reporting person by the Company, which vest ratably over a four-year term beginning on February 20, 2019. ( 2 )Represents time-based restricted stock rights granted to the reporting person by the Company, which vest ratably over a term of three years beginning on February 21,2019. ( 3 )The stock options vest in three equal installments on February 21, 2019, February 21, 2020 and February 21, 2021. ( 4 )The PBRSRs represent a contingent right to receive that number of shares of Ryder common stock equal to a maximum of 200% of the number of PBRSRs granted based on the Company achieving certain threshold, target or maximum performance goals. ( 5 )This amount represents the number of shares that will be earned assuming target performance levels. ( 6 )The performance cycle for the PBRSRs is three years. The performance cycle ends on December 31, 2020. PBRSRs that do not vest will be cancelled.

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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