UNITED PARCEL SERVICE INC — Director's Dealing 2012

Mar 5, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: UNITED PARCEL SERVICE INC (UPS)
CIK: 0001090727
Period of Report: 2012-03-01

Reporting Person: OWENS CHRISTINE M (Senior Vice President)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-03-01	Option to Purchase UPS Class A Common	$76.8900	A	8164.0000	Acquired	2022-03-01	Class A Common Stock (8164.0000)	Direct
2012-03-01	Restricted Performance Units	$	A	4622.0000	Acquired	2017-01-15	Class A Common Stock (4622.0000)	Direct
2012-03-01	Restricted Performance Units	$	A	3868.0000	Acquired	2014-01-31	Class A Common Stock (3868.0000)	Direct
2012-03-01	Restricted Stock Units	$	A	5628.0000	Acquired	2012-01-31	Class A Common Stock (5628.0000)	Direct
2012-03-01	Restricted Stock Units	$	A	1974.0000	Acquired	2012-01-31	Class A Common Stock (1974.0000)	Direct
2012-03-01	Restricted Stock Units	$	A	4277.0000	Acquired	2013-01-31	Class A Common Stock (4277.0000)	Direct

Footnotes

F1: Securities vest at the rate of 20% annually beginning on March 1, 2013.

F2: Represents Restricted Performance Units (RPUs) granted as Long-term Incentive Performance Unit Awards under the United Parcel Service, Inc. Incentive Compensation Plan. Each RPU represents a right to receive one share of class A common stock.

F3: Securities vest at the rate of 20% annually beginning on January 15, 2013.

F4: One unit is equivalent to one share of UPS Class A Common stock.