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UNITED PARCEL SERVICE INC Director's Dealing 2011

Nov 1, 2011

29932_dirs_2011-11-01_917ece07-f09f-45a4-b25e-96cd29076309.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: UNITED PARCEL SERVICE INC (UPS)
CIK: 0001090727
Period of Report: 2011-10-28

Reporting Person: McClure Teri P (Sr VP, Gen Counsel & Sec)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2011-10-25 Class A Common Stock G 165.0000 $0.0000 Disposed 27078.4802 Direct
2011-10-28 Class A Common Stock M 267.3986 $68.9600 Acquired 27345.8788 Direct
2011-10-28 Class A Common Stock M 252.5820 $68.9600 Acquired 27598.4608 Direct
2011-10-28 Class A Common Stock M 191.8168 $68.9600 Acquired 27790.2776 Direct
2011-10-28 Class A Common Stock M 186.6589 $68.9600 Acquired 27976.9365 Direct
2011-10-28 Class A Common Stock M 160.5806 $68.9600 Acquired 28137.5171 Direct
2011-10-28 Class A Common Stock F 68.1665 $68.9600 Disposed 28069.3506 Direct
2011-10-28 Class A Common Stock F 79.2367 $68.9600 Disposed 27990.1139 Direct
2011-10-28 Class A Common Stock F 81.4262 $68.9600 Disposed 27908.6877 Direct
2011-10-28 Class A Common Stock F 107.2210 $68.9600 Disposed 27801.4667 Direct
2011-10-28 Class A Common Stock F 113.5107 $68.9600 Disposed 27687.9560 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2011-10-28 Restricted Stock Units $ M 160.5806 Disposed Class A Common Stock (160.5806) Direct
2011-10-28 Restricted Stock Units $ M 186.6589 Disposed 2012-10-15 Class A Common Stock (186.6589) Direct
2011-10-28 Restricted Stock Units $ M 252.5820 Disposed 2013-10-15 Class A Common Stock (252.5820) Direct
2011-10-28 Restricted Stock Units $ M 191.8168 Disposed 2014-10-15 Class A Common Stock (191.8168) Direct
2011-10-28 Restricted Stock Units $ M 267.3986 Disposed 2015-10-15 Class A Common Stock (267.3986) Direct

Footnotes

F1: Includes 113.6942 shares acquired in the Reporting Person's 401(k) account between March 3, 2011 and October 27, 2011.

F2: Represents Restricted Stock Units (RSUs) granted as Management Incentive Awards under the United Parcel Service, Inc. Incentive Compensation Plan. Each RSU represents the right to receive one share of Class A common stock.

F3: Restricted stock grant vests at the rate of 20% on the first anniversary date and on each anniversary date thereafter.

F4: RSUs vest at the rate of 20% on October 15th of each year during the vesting period.

F5: Includes 88.0369 Dividend Equivalent Units acquired in the Restricted Stock Unit Plan account between October 29, 2010 and October 27, 2011.