UNION PACIFIC CORP — Director's Dealing 2021

Nov 1, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: UNION PACIFIC CORP (UNP)
CIK: 0000100885
Period of Report: 2021-10-29

Reporting Person: Rynaski Todd M. (VP & CONTROLLER)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-10-29	Common Stock	M	2871	$122.85	Acquired	12394.4002	Direct
2021-10-29	Common Stock	F	1456	$242.3	Disposed	10938.4002	Direct
2021-10-29	Common Stock	F	622	$242.3	Disposed	10316.4002	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-10-29	Non-Qualified Stock Option (right to buy)	$122.85	M	2871	Disposed	2025-02-05	Common Stock (2871)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1879.001	Indirect
Common Stock	586	Indirect
Common Stock	12877	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.