SEC Form 4 · accession 0000085961-18-000054
RYDER SYSTEM INC · R
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John J Gleason
Officer — EVP & Chief Sales Officer
Period of report
Feb 21, 2018
Accepted (ET)
Feb 23, 2018 · 4:45 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000085961
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| common stockF1 | Feb 21, 2018 | A | 870 | $0.00 | A | 17,502 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F2 | $74.72 | Feb 21, 2018 | A | 12,272 | A | — | Feb 21, 2028 | common stock | 12,272 | 12,272 | D |
| Performance-Based Restricted Stock RightsF3,F4,F5 | $0.00 | Feb 21, 2018 | A | 5,219 | A | — | — | common stock | 5,219 | 5,219 | D |
Explanation of responses
- F1Represents 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.
- F2The stock options vest in three equal installments on February 21, 2019, February 21, 2020 and February 21, 2021.
- F3The 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.
- F4This amount represents the number of shares that will be earned assuming target performance levels.
- F5The performance cycle for the PBRSRs is three years. The performance cycle ends on December 31, 2020. The PBRSRs that do not vest will be cancelled.