SEC Form 4 · accession 0001209191-16-098366
RYDER SYSTEM INC · R
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Scott R. Allen
Officer — VP and Controller
Period of report
Feb 10, 2016
Accepted (ET)
Feb 12, 2016 · 9:31 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 10, 2016 | A | 435 | $0.00 | A | 5,435 | D | |
| Common Stock | holding | — | — | — | 7 | I | By Ryder Employee Savings Plan |
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 | $55.32 | Feb 10, 2016 | A | 3,830 | A | — | Feb 9, 2026 | Common Stock | 3,830 | 3,830 | D |
| Performance-Based Restricted Stock RightsF3,F4,F5 | $0.00 | Feb 10, 2016 | A | 435 | A | — | — | Common Stock | 435 | 435 | D |
Explanation of responses
- F1Represents time-based restricted stock rights granted to the reporting person by the Company. The restricted stock rights vest 100% on February 10, 2019.
- F2The stock options vest in three equal installments on February 10, 2017, February 10, 2018 and February 10, 2019.
- F3The 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.
- F4This amount represents the number of shares that will be earned assuming target performance levels.
- F5The performance cycle is segmented into three equal one-year performance periods. The performance cycle ends on December 31, 2018. PBRSRs that do not vest will be cancelled.