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: Rynaski Todd M. (VP & CONTROLLER)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-01-10	Common Stock	A	6.9922	$250.28	Acquired	9544.6816	Direct
2022-01-10	Common Stock	M	7743	$124.86	Acquired	17287.6816	Direct
2022-01-10	Common Stock	F	3795	$254.78	Disposed	13492.6816	Direct
2022-01-10	Common Stock	F	1735	$254.78	Disposed	11757.6816	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	7743	Disposed	2028-02-08	Common Stock (7743)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1887.886	Indirect
Common Stock	586	Indirect
Common Stock	13670	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.