UNION PACIFIC CORP — Director's Dealing 2021

Mar 10, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: UNION PACIFIC CORP (UNP)
CIK: 0000100885
Period of Report: 2021-03-08

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-03-08	Common Stock	M	1491	$107.3	Acquired	34124	Direct
2021-03-08	Common Stock	S	1491	$215.0	Disposed	32633	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-03-08	Non-Qualified Stock Option (right to buy)	$107.3	M	1491	Disposed	2027-02-02	Common Stock (1491)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	18247.5424	Indirect
Common Stock	27825	Indirect

Footnotes

F1: This transaction was made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on January 22, 2021.

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.