UNION PACIFIC CORP — Director's Dealing 2021

Nov 19, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: UNION PACIFIC CORP (UNP)
CIK: 0000100885
Period of Report: 2021-11-17

Reporting Person: FRITZ LANCE M (CHAIRMAN PRESIDENT & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-11-17	Common Stock	F	41230	$241.48	Disposed	485999.4479	Direct
2021-11-17	Common Stock	F	16924	$241.48	Disposed	469075.4479	Direct
2021-11-17	Common Stock	M	79739	$124.86	Acquired	548814.4479	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-11-17	Non-Qualified Stock Option (right to buy)	$124.86	M	79739	Disposed	2028-02-08	Common Stock (79739)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	50227.4114	Indirect
Common Stock	82282	Indirect
Common Stock	21794	Indirect
Common Stock	48776	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.