UNITED PARCEL SERVICE INC — Director's Dealing 2011

May 9, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: UNITED PARCEL SERVICE INC (UPS)
CIK: 0001090727
Period of Report: 2011-05-05

Reporting Person: THOMPSON JOHN WENDELL (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-05-05	Restricted Stock Units	$	A	2028.0000	Acquired		Class A Common Stock (2028.0000)	Direct

Footnotes

F1: One unit is equivalent to one share of UPS Class A Common stock.

F2: Represents Restricted Stock Units (RSUs) granted under the United Parcel Service, Inc. Incentive Compensation Plan. These RSUs will convert into shares of UPS Class A common stock on a one for one basis upon separation from service with the company.