------ FORM 4 ------ U.S. SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP [ ] Check box if no longer subject to Filed pursuant to Section 16(a) of the Securities Section 16. Form 4 Exchange Act of 1934, Section 17(a) of the or Form 5 obligations Public Utility Holding Company Act of 1935 may continue. See or Section 30(h) of the Investment Company Instruction 1(b). Act of 1940 ------------------------------------------------------------------------------------------------------------------------------------ | 1. Name and Address of Reporting Person* | 2. Issuer Name and Ticker or Trading Symbol |6. Relationship of Reporting Person(s)| | NELSON CORLISS J. | RYDER SYSTEM, INC. (R) | to Issuer (Check all applicable) | |--------------------------------------------|----------------------------------------------| | | (Last) (First) (Middle) | 3. IRS Identification | 4. Statement For | [X] Director [ ] 10% Owner | | | Number of Reporting | Month/Day/Year | [X] Officer (give [ ] Other (Specify| | | Person, if an Entity | | title below) | | | (Voluntary) | | below) | | 3600 N.W. 82ND AVE. | | 9/6/02 | Sr. EVP - Chief Financial Officer | |--------------------------------------------| |--------------------|--------------------------------------| | (Street) | | 5. If Amendment, |7. Individual or Joint/Group Filing | | | | Date of Original| (Check applicable line) | | | | (Month/Year) | [X] Form Filed by One | | MIAMI, FL 33166 | | | Reporting Person | |--------------------------------------------|----------------------------------------------| [ ] Form Filed by More Than | | (City) (State) (Zip) | | One Reporting Person | | | | | |----------------------------------------------------------------------------------------------------------------------------------| | TABLE I -- NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED | |----------------------------------------------------------------------------------------------------------------------------------| |1. Title of Security |2. Transaction |3. Transac- |4. Securities Acquired (A) |5. Amount of Se- |6. Owner- |7. Nature | | (Instr. 3) | Date | tion Code | or Disposed of (D) | curities Benefi-| ship | of In- | | | (Month/Day/ | (Instr. 8) | | cially Owned at | Form: | direct | | | Year) | | | End of Month | Direct | Benefi-| | | | | (Instr. 3, 4 and 5) | (Instr. 3 and 4)| (D) or | cial | | | |--------------|----------------------------| | Indirect | Owner- | | | | Code | V | Amount | (A) or| Price | | (I) | ship | | | | | | | (D) | | | (Instr. 4)| (Instr.| | | | | | | | | | | 4) | |---------------------|-------------------|-------|------|------------|-------|-------|-------------------|-------------|----------| | COMMON STOCK | 9/6/02 | M | | 50,000 | A |$16.595| | | | |---------------------|-------------------|-------|------|------------|-------|-------|-------------------|-------------|----------| | COMMON STOCK | 9/6/02 | S | | 5,700 | D |$26.00 | | | | |---------------------|-------------------|-------|------|------------|-------|-------|-------------------|-------------|----------| | COMMON STOCK | 9/6/02 | S | | 1,000 | D |$26.10 | | | | |---------------------|-------------------|-------|------|------------|-------|-------|-------------------|-------------|----------| | COMMON STOCK | 9/6/02 | S | | 4,500 | D |$26.20 | | | | |---------------------|-------------------|-------|------|------------|-------|-------|-------------------|-------------|----------| | COMMON STOCK | 9/6/02 | S | | 2,500 | D |$26.30 | | | | |---------------------|-------------------|-------|------|------------|-------|-------|-------------------|-------------|----------| | COMMON STOCK | 9/6/02 | S | | 5,700 | D |$26.40 | | | | |---------------------|-------------------|-------|------|------------|-------|-------|-------------------|-------------|----------| | COMMON STOCK | 9/6/02 | S | | 4,900 | D |$26.50 | | | | |---------------------|-------------------|-------|------|------------|-------|-------|-------------------|-------------|----------| | COMMON STOCK | 9/6/02 | S | | 8,400 | D |$26.60 | | | | |---------------------|-------------------|-------|------|------------|-------|-------|-------------------|-------------|----------| | COMMON STOCK | 9/6/02 | S | | 3,200 | D |$26.70 | | | | |---------------------|-------------------|-------|------|------------|-------|-------|-------------------|-------------|----------| | COMMON STOCK | 9/6/02 | S | | 1,100 | D |$26.80 | | | | |---------------------|-------------------|-------|------|------------|-------|-------|-------------------|-------------|----------| | COMMON STOCK | 9/6/02 | S | | 13,000 | D |$26.90 | 30,395 | D | | |---------------------|-------------------|-------|------|------------|-------|-------|-------------------|-------------|----------| | COMMON STOCK | | | | | | | 2,157 | I | * | |---------------------|-------------------|-------|------|------------|-------|-------|-------------------|-------------|----------| | | | | | | | | | | | |---------------------|-------------------|-------|------|------------|-------|-------|-------------------|-------------|----------| | | | | | | | | | | | |---------------------|-------------------|-------|------|------------|-------|-------|-------------------|-------------|----------| | | | | | | | | | | | |---------------------|-------------------|-------|------|------------|-------|-------|-------------------|-------------|----------| | | | | | | | | | | | |---------------------|-------------------|-------|------|------------|-------|-------|-------------------|-------------|----------| | | | | | | | | | | | |---------------------|-------------------|-------|------|------------|-------|-------|-------------------|-------------|----------| | | | | | | | | | | | ------------------------------------------------------------------------------------------------------------------------------------ * By Ryder Employee Savings Plan B.

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). PERSONS WHO RESPOND TO THE COLLECTION OF INFORMATION CONTAINED IN THIS FORM ARE NOT REQUIRED TO RESPOND UNLESS THE FORM DISPLAYS A CURRENTLY VALID OMB (Over) CONTROL NUMBER. SEC 1474 (7-02)

NELSON CORLISS J 4