SEC Form 4 · accession 0001209191-15-014429
RYDER SYSTEM INC · R
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Karen M. Jones
Officer — EVP & Chief Marketing Officer
Period of report
Feb 12, 2015
Accepted (ET)
Feb 17, 2015 · 3:26 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 Stock | holding | — | — | — | 7,000 | 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)F1 | $93.51 | Feb 12, 2015 | A | 9,750 | A | — | Feb 11, 2025 | Common Stock | 9,750 | 9,750 | D |
| Performance-Based Restricted Stock RightsF2,F3,F4 | $0.00 | Feb 12, 2015 | A | 1,925 | A | — | — | Common Stock | 1,925 | 1,925 | D |
Explanation of responses
- F1The stock options vest in three equal installments on February 12, 2016, February 12, 2017 and February 12, 2018.
- F2The 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.
- F3This amount represents the number of shares that will be earned assuming target performance levels.
- F4The performance cycle for one half of the performance-based restricted stock rights (PBRSRs) is segmented into three 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 performance cycle ends on December 31, 2017. PBRSRs that do not vest will be cancelled.