UNITED PARCEL SERVICE INC — Director's Dealing 2017

Aug 3, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: UNITED PARCEL SERVICE INC (UPS)
CIK: 0001090727
Period of Report: 2017-08-02

Reporting Person: Warsh Kevin M (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-08-02	Phantom Stock Units	$	J	235.9338	Acquired		Class A Common Stock (235.9338)	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: Includes 28.5478 shares acquired in the Reporting Person's Deferred Compensation Plan account between May 4, 2017 and August 2, 2017.