Ownership Submission
FORM 3
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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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(Print or Type Responses)
1. Name and Address of Reporting Person *
  Lopez Francisco Jr.
2. Date of Event Requiring Statement (Month/Day/Year)
06/01/2016
3. Issuer Name and Ticker or Trading Symbol
RYDER SYSTEM INC [R]
(Last)
(First)
(Middle)
11690 N.W. 105 STREET
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
SVP & Chief HR Officer
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

MIAMI, FL 33178
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 Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
common stock 5,207 (1)
D
 

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(Month/Day/Year)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (right to buy) 02/08/2016 02/07/2023 common stock 1,192 $ 58.21 D  
Stock Option (right to buy)   (2) 02/06/2024 common stock 2,670 $ 71.43 D  
Stock Option (right to buy)   (3) 02/11/2025 common stock 3,575 $ 93.51 D  
Stock Option (right to buy)   (4) 02/09/2026 common stock 7,985 $ 55.32 D  
Performance-Based Restricted Stock Rights   (5)   (5) common stock 420 (6) $ 0 D  
Performance-Based Restricted Stock Rights   (7)   (7) common stock 355 (8) $ 0 D  
Performance-Based Restricted Stock Rights   (9)   (9) common stock 1,810 (10) $ 0 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Lopez Francisco Jr.
11690 N.W. 105 STREET
MIAMI, FL 33178
      SVP & Chief HR Officer  

Signatures

/s/ Julie A. Azuaje, by power of attorney 06/08/2016
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(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).
(1) Includes 420 time-based restricted stock rights (TBRSRs) that will vest on February 7, 2017, 3,500 TBRSRs rights that will vest on May 1, 2017 and 355 TBRSRs that will vest on February 12, 2018.
(2) 1,335 stock options vested on February 7, 2016 and 1,335 stock options will vest on February 7, 2017.
(3) 1,192 stock options vested on February 12, 2016, 1,191 stock options will vest on February 12, 2017 and 1,192 stock options will vest on February 12, 2018.
(4) 2,662 stock options will vest February 10, 2017, 2,661 stock options will vest on February 10, 2018 and 2,662 stock options will vest February 10, 2019.
(5) The performance cycle for the performance-based restricted stock rights (PBRSRs) is segmented into three performance periods. The performance cycle ends on December 31, 2016. All PBRSRs earned will vest upon Board approval in February 2017. Any unearned PBRSRs will be forfeited.
(6) 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. As of December 31, 2015, 285 PBRSRs have been earned.
(7) The performance cycle for the PBRSRs is segmented into three performance periods. The performance cycle ends on December 31, 2017. All PBRSRs earned will vest upon Board approval in February 2018. Any unearned PBRSRs will be forfeited.
(8) 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. As of December 31, 2015, 104 PBRSRs have been earned.
(9) The performance cycle for the PBRSRs is segmented into three performance periods. The performance cycle ends on December 31, 2018. All PBRSRs earned will vest upon Board approval in February 2019. Any unearned PBRSRs will be forfeited.
(10) 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.

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