Sec Form 4 Filing - SWIENTON GREGORY T @ RYDER SYSTEM INC - 2012-02-10

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 SWIENTON GREGORY T 2. Issuer Name and Ticker or Trading Symbol RYDER SYSTEM INC [ R] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X __ Director _____ 10% Owner X __ Officer (give title below) _____ Other (specify below) Chairman & CEO (Last) (First) (Middle) 11690 N.W. 105TH STREET 3. Date of Earliest Transaction (MM/DD/YY) 02/10/2012 (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 02/10/2012 M( 1 ) 25,000 A $ 42.725 125,998 ( 2 ) D Common Stock 02/10/2012 S( 1 ) 23,800 D $ 53.7427 ( 3 ) ( 4 ) 102,198 D Common Stock 02/10/2012 S( 1 ) 1,200 D $ 54.2017 ( 4 ) ( 5 ) 100,998 D Common Stock 02/10/2012 F( 6 ) 630 D $ 53.63 100,368 D Common Stock 02/13/2012 M( 1 ) 6,437 A $ 42.725 106,805 D Common Stock 02/13/2012 S( 1 ) 6,437 D $ 55 100,368 D Common Stock 30,081 ( 7 ) I By Grantor Retained Annuity Trust Common Stock 5,136 I By Ryder Employee Savings 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) $ 42.725 02/10/2012 M( 1 ) 25,000 ( 8 ) 02/13/2013 Common Stock 25,000 $ 0 125,000 D Stock Option (right to buy) $ 53.63 02/10/2012 A 111,965 ( 9 ) 02/10/2019 Common Stock 111,965 $ 0 111,965 D Performance-Based Restricted Stock Rights $ 0 02/10/2012 A 22,840 ( 10 ) ( 10 ) Common Stock ( 11 ) $ 0 22,840 D Stock Option (right to buy) $ 42.725 02/13/2012 M( 1 ) 6,437 ( 8 ) 02/13/2013 Common Stock 6,437 $ 0 118,563 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other SWIENTON GREGORY T 11690 N.W. 105TH STREET MIAMI, FL33178 X Chairman & CEO Signatures /s/ Julie A. Azuaje,by power of attorney 02/14/2012 Signature of Reporting Person Date

Explanation of Responses:

( 1 )The option exercise and stock sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan established by the Reporting Person on May 5, 2011. ( 2 )Includes 536 shares of common stock acquired by the reporting person under the Company's dividend reinbursement plan. ( 3 )This reflects the weighted average price at which the shares were sold. The sales prices ranged from $53.13 to $54.12. ( 4 )The Reporting Person will provide, upon request by the Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price. ( 5 )This reflects the weighted average price at which the shares were sold. The sales prices ranged from $54.13 to $54.28. ( 6 )Represents shares of common stock withheld by the Company for the payment of taxes due upon the vesting of restricted stock rights granted to the reporting person on February 10, 2010. ( 7 )Includes 169 shares of common stock acquired by the reporting person under the Company's dividend reinvestment plan. ( 8 )The option, representing the right to purchase 175,000 shares, vests in accordance with the following schedule: 58,334 vested on February 13, 2007, 58,333 vested on February 13, 2008 and 58,333 vested on February 13, 2009. ( 9 )The stock options vest in three equal installments on February 10, 2013, February 10, 2014 and February 10, 2015. ( 10 )The performance cycle for the performance-based restricted stock rights (PBRSRs) is segmented into three equal performance periods of one, two and three years. The PBRSRs earned for each performance period will vest at the end of the three-year cycle ending on December 31, 2014. PBRSRs that do not vest will be cancelled. ( 11 )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.

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).

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