UNION PACIFIC CORP — Director's Dealing 2021

Jul 2, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: UNION PACIFIC CORP (UNP)
CIK: 0000100885
Period of Report: 2021-07-01

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-07-01	Common Stock	F	3170.2027	$223.55	Disposed	11034.3397	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	38683	Direct
Common Stock	27802	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: Represents conversion of restricted stock to fully vested stock units with a distribution ratio of 1:1 - payable only in shares of common stock on a date certain (July 1, 2021), which was selected in June of 2017. The shares disposed of, and reported in, column 4 represent shares withheld solely for tax purposes.