UNITED PARCEL SERVICE INC - Director's Dealing 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: UNITED PARCEL SERVICE INC (UPS)
CIK: 0001090727
Period of Report: 2012-12-20

Reporting Person: OWENS CHRISTINE M (Senior Vice President)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-12-20	Class A Common Stock	M	4852.0000	$62.4000	Acquired	66852.1149	Direct
2012-12-20	Class A Common Stock	M	4554.0000	$70.7000	Acquired	71406.1149	Direct
2012-12-20	Class A Common Stock	M	4520.0000	$55.8300	Acquired	75926.1149	Direct
2012-12-20	Class A Common Stock	M	3308.0000	$67.1800	Acquired	79234.1149	Direct
2012-12-20	Class A Common Stock	F	125.5374	$75.6100	Disposed	79108.5775	Direct
2012-12-20	Class A Common Stock	F	156.5638	$75.6100	Disposed	78952.0137	Direct
2012-12-20	Class A Common Stock	F	359.8505	$75.6100	Disposed	78592.1632	Direct
2012-12-20	Class A Common Stock	F	501.9532	$75.6100	Disposed	78090.2100	Direct
2012-12-20	Class A Common Stock	F	2939.1805	$75.6100	Disposed	75151.0295	Direct
2012-12-20	Class A Common Stock	F	3337.5427	$75.6100	Disposed	71813.4868	Direct
2012-12-20	Class A Common Stock	F	4004.2957	$75.6100	Disposed	67809.1911	Direct
2012-12-20	Class A Common Stock	F	4258.2701	$75.6100	Disposed	63550.9210	Direct

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-12-20	Option to Purchase UPS Class A Common	$67.1800	M	3308.0000	Disposed	2015-05-05	Class A Common Stock (3308.0000)	Direct
2012-12-20	Option to Purchase UPS Class A Common	$55.8300	M	4520.0000	Disposed	2019-05-06	Class A Common Stock (4520.0000)	Direct
2012-12-20	Option to Purchase UPS Class A Common	$62.4000	M	4852.0000	Disposed	2013-05-02	Class A Common Stock (4852.0000)	Direct
2012-12-20	Option to Purchase UPS Class A Common	$70.7000	M	4554.0000	Disposed	2014-05-02	Class A Common Stock (4554.0000)	Direct

F1: Includes 13.3758 shares acquired in the Reporting Person's 401(k) account between October 27, 2012 and December 20, 2012.

F2: The exercise date of the option is any time between three years after the date of the grant and before the expiration of the grant.