UNION PACIFIC CORP — Director's Dealing 2020

Jul 20, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: UNION PACIFIC CORP (UNP)
CIK: 0000100885
Period of Report: 2020-07-16

Reporting Person: Whited Elizabeth F (EVP & CHIEF HR OFFICER)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-07-16	Common Stock	M	4400	$87.56	Acquired	72334	Direct
2020-07-16	Common Stock	S	4400	$176.0	Disposed	67934	Direct
2020-07-17	Common Stock	M	4426	$87.56	Acquired	72360	Direct
2020-07-17	Common Stock	S	4426	$180.0	Disposed	67934	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-07-16	Non-Qualified Stock Option (right to buy)	$87.56	M	4400	Disposed	2024-02-06	Common Stock (4400)	Direct
2020-07-17	Non-Qualified Stock Option (right to buy)	$87.56	M	4426	Disposed	2024-02-06	Common Stock (4426)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	11758.2804	Indirect

Footnotes

F1: This transaction was made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 5, 2020.

F2: Represents conversion of restricted stock units to fully vested stock units with a distribution ratio of 1:1 - Payable only in shares of common stock at termination of employment or a date certain.

F3: This option became exercisable in three equal installments starting one year from the grant date.