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UNITED STATES
SECURITIES & EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
RYDER SYSTEMS, INC.
(Name of Issuer)
COMMON STOCK
(Title of Class of Securities)
78354910-8
(CUSIP Number)
Check the following if a fee is being paid with this statement (X) .
(A fee is not required only if the filing person: (1) has a previous
statement on file reporting beneficial ownership of more than five
percent of the class of securities described in Item 1; and (2) has
filed no amendment subsequent thereto reporting beneficial ownership of
five percent of such class.) (See Rule 13d-7).
*The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class
of securities, and for any subsequent amendment containing information
which would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not
be deemed to be "filed" for the purpose of Section 18 of the Securities
Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of
that section of the Act but shall be subject to all other provisions of
the Act (however, see the Notes).
SEC 1745 (10-88) PAGE 1 OF 5 PAGES
- ------------------------------------- ---------------------------
|CUSIP No. 78354910-8 | 13G |Page 2 of 5 Pages |
- ------------------------------------- ---------------------------
- ------------------------------------------------------------------------------
| | NAME OF REPORTING PERSON |
| 1 | S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON |
| | |
| | ARK ASSET MANAGEMENT CO., INC. |
- ------------------------------------------------------------------------------
| 2 | CHECK THE APPROPRIATE LINE IF A MEMBER OF A GROUP* (a) |
| | |
| | (b) |
- ------------------------------------------------------------------------------
| 3 | SEC USE ONLY |
| | |
- ------------------------------------------------------------------------------
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION |
| | |
| | NEW YORK |
- ------------------------------------------------------------------------------
| | 5 | SOLE VOTING POWER |
| | | |
| NUMBER OF | | 3,033,000 SHARES |
| SHARES | -------------------------------------------------------------
| | 6 | SHARED VOTING POWER |
|BENEFICIALLY| | |
| | | NONE |
| OWNED BY | | |
| | -------------------------------------------------------------
| EACH | 7 | SOLE DISPOSITIVE POWER |
| | | |
| REPORTING | | 4,168,500 |
| PERSON | -------------------------------------------------------------
| | 8 | SHARED DISPOSITIVE POWER |
| WITH | | |
| | | NONE |
- ------------------------------------------------------------------------------
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
| | |
| | 4,168,500 SHARES |
- ------------------------------------------------------------------------------
|10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |
| | |
- ------------------------------------------------------------------------------
|11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 |
| | 5.3% |
- ------------------------------------------------------------------------------
|12 | TYPE OF REPORTING PERSON* |
| | |
| | I.A. |
- ------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
Page 2 of 5 Pages
The filing of this statement shall not be construed as an admission that
Ark Asset Management Co., Inc. is the beneficial owner of the securities
covered by such statement.
Item 1. (a) Name of Issuer.
Ryder Systems, Inc.
Item 1. (b) Address of Issuer.
3600 N.W. 82 Avenue
Miami, FL 33166
Item 2. (a) Name of Person Filing.
ARK ASSET MANAGEMENT CO., INC.
Item 2. (b) Address of Principal Business Office.
One New York Plaza, New York, N.Y. 10004
Item 2. (c) Place of Organization.
New York
Item 2. (d) Title of Class of Securities.
Common Stock
Item 2. (e) CUSIP Number.
78354910-8
Item 3. (a) Ark Asset Management Co., Inc. is an
investment adviser registered under Section
203 of the Investment Advisers Act of 1940.
Item 4. Ownership.
(a) Amount Beneficially Owned: 4,168,500 shares
(b) Percent of Class: 5.3%
PAGE 3 OF 5
(c) Number of shares as to which such person has:
(1) Sole power to vote: 3,033,000 shares
(2) Shared power to vote: NONE
(3) Sole power to dispose of or to direct
the disposition of: 4,168,500 shares
(4) Shared power to dispose or to direct the
disposition of: NONE
Item 5. Ownership of Five Percent or Less of a Class.
Not Applicable
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
Not Applicable
Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on by the Parent Holding Company.
Not Applicable
Item 8. Identification and Classification of Members of the Group.
Not Applicable
Item 9. Notice of Dissolution of Group.
Not Applicable
PAGE 4 OF 5
Item 10. Certification.
By signing below, I certify that, to the best of my knowledge
and belief, the securities referred to above were acquired in
the ordinary course of business and were not acquired for the
purpose of and do not have the effect of changing or
influencing the control of the issuer of such securities and
were not acquired in connection with or as a participant in
any transaction having such purpose or effect.
After reasonable inquiry to the best of my knowledge and
belief, I certify that the information set forth in this
statement is true, complete and correct.
Date: 1/30/96 Signature: /s/ S. Jay Mermelstein
Name/Title: S. Jay Mermelstein
Chief Operating Officer
PAGE 5 OF 5
