UNION PACIFIC CORP — Director's Dealing 2022

Jan 12, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: UNION PACIFIC CORP (UNP)
CIK: 0000100885
Period of Report: 2022-01-10

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-01-10	Common Stock	A	6.8244	$250.28	Acquired	34124.5852	Direct
2022-01-10	Common Stock	M	7500	$124.86	Acquired	41624.5852	Direct
2022-01-10	Common Stock	F	3676	$254.78	Disposed	37948.5852	Direct
2022-01-10	Common Stock	F	1680	$254.78	Disposed	36268.5852	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-01-10	Non-Qualified Stock Option (right to buy)	$124.86	M	7500	Disposed	2028-02-08	Common Stock (7500)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	11241.0147	Indirect
Common Stock	35640	Indirect

Footnotes

F1: Purchase pursuant to the 2021 Employee Stock Purchase Plan.

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.