UNITED PARCEL SERVICE INC — Director's Dealing 2012

May 4, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: UNITED PARCEL SERVICE INC (UPS)
CIK: 0001090727
Period of Report: 2012-05-02

Reporting Person: ACKERMAN F DUANE (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-05-02	Phantom Stock Units	$	J	334.7360	Acquired		Class A Common Stock (334.7360)	Direct
2012-05-03	Restricted Stock Units	$	A	1921.0000	Acquired		Class A Common Stock (1921.0000)	Direct

Footnotes

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

F2: Acquisition of phantom stock units pursuant to Deferred Compensation Plan.

F3: The settlement date of the phantom stock generally will be the termination date of service as a director.

F4: 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.