UNION PACIFIC CORP — Director's Dealing 2021

Nov 24, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: UNION PACIFIC CORP (UNP)
CIK: 0000100885
Period of Report: 2021-11-24

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-11-24	Common Stock	M	11654	$124.86	Acquired	42529.8865	Direct
2021-11-24	Common Stock	F	5883	$247.37	Disposed	36646.8865	Direct
2021-11-24	Common Stock	F	2536	$247.37	Disposed	34110.8865	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-11-24	Non-Qualified Stock Option (right to buy)	$124.86	M	11654	Disposed	2028-02-08	Common Stock (11654)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	11206.6577	Indirect
Common Stock	35640	Indirect

Footnotes

F1: 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.

F2: This option became exercisable in three equal installments starting one year from the grant date.