More formats:
require 'date'
date = "01/07/2016 09:17AM"
DateTime.parse(date).strftime("%A, %b %d")
#=> Friday, Jul 01
DateTime.parse(date).strftime("%m/%d/%Y")
#=> 07/01/2016
DateTime.parse(date).strftime("%m-%e-%y %H:%M")
#=> 07- 1-16 09:17
DateTime.parse(date).strftime("%b %e")
#=> Jul 1
DateTime.parse(date).strftime("%l:%M %p")
#=> 9:17 AM
DateTime.parse(date).strftime("%B %Y")
#=> July 2016
DateTime.parse(date).strftime("%b %d, %Y")
#=> Jul 01, 2016
DateTime.parse(date).strftime("%a, %e %b %Y %H:%M:%S %z")
#=> Fri, 1 Jul 2016 09:17:00 +0200
DateTime.parse(date).strftime("%Y-%m-%dT%l:%M:%S%z")
#=> 2016-07-01T 9:17:00+0200
DateTime.parse(date).strftime("%I:%M:%S %p")
#=> 09:17:00 AM
DateTime.parse(date).strftime("%H:%M:%S")
#=> 09:17:00
DateTime.parse(date).strftime("%e %b %Y %H:%M:%S%p")
#=> 1 Jul 2016 09:17:00AM
DateTime.parse(date).strftime("%d.%m.%y")
#=> 01.07.16
DateTime.parse(date).strftime("%A, %d %b %Y %l:%M %p")
#=> Friday, 01 Jul 2016 9:17 AM