UNION PACIFIC CORP — Director's Dealing 2022

Apr 5, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: UNION PACIFIC CORP (UNP)
CIK: 0000100885
Period of Report: 2022-04-01

Reporting Person: Whited Elizabeth F (EVP SUSTAINABILITY & STRATEGY)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-04-01	Common Stock	M	4758	$161.57	Acquired	42068.2175	Direct
2022-04-01	Common Stock	F	2814	$273.21	Disposed	39254.2175	Direct
2022-04-01	Common Stock	F	854	$273.21	Disposed	38400.2175	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-04-01	Non-Qualified Stock Option (right to buy)	$161.57	M	4758	Disposed	2029-02-07	Common Stock (4758)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	14086.5927	Indirect
Common Stock	31537	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.