UNITED PARCEL SERVICE INC — Director's Dealing 2016

Mar 14, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: UNITED PARCEL SERVICE INC (UPS)
CIK: 0001090727
Period of Report: 2016-03-11

Reporting Person: Gershenhorn Alan (EVP & Chief Comm Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-03-11	Class A Common Stock	M	3774.3820	$93.2000	Acquired	96046.5883	Direct
2016-03-11	Class A Common Stock	M	3679.4854	$93.2000	Acquired	99726.0737	Direct
2016-03-11	Class A Common Stock	M	3569.7073	$93.2000	Acquired	103295.7810	Direct
2016-03-11	Class A Common Stock	F	1259.0000	$93.2000	Disposed	102036.7810	Direct
2016-03-11	Class A Common Stock	F	1548.0000	$93.2000	Disposed	100488.7810	Direct
2016-03-11	Class A Common Stock	F	1765.0000	$93.2000	Disposed	98723.7810	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-03-11	Restricted Performance Units	$	M	11023.5747	Disposed	2016-01-31	Class A Common Stock (11023.5747)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	482.0000	Indirect

Footnotes

F1: Includes 14.9685 shares acquired in the Reporting Person's 401(k) account between January 29, 2016 and March 11, 2016.

F2: One unit is equivalent to one share of UPS Class A Common stock.

F3: The Restricted Stock Units vested on January 31, 2016. Vested shares of Class A common stock were delivered to the reporting person on March 11, 2016.

F4: Includes 382.5747 Dividend Equivalent Units acquired in the Long Term Incentive Performance Plan account between March 4, 2014 and March 11, 2016.