UNITED PARCEL SERVICE INC - Director's Dealing 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: UNITED PARCEL SERVICE INC (UPS)
CIK: 0001090727
Period of Report: 2017-04-28

Reporting Person: Gershenhorn Alan (EVP, Chief Commercial Officer)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-04-28	Class A Common Stock	M	8451.0000	$76.8900	Acquired	114167.8681	Direct
2017-04-28	Class A Common Stock	M	8220.0000	$74.2500	Acquired	122387.8681	Direct
2017-04-28	Class A Common Stock	M	8165.0000	$67.1800	Acquired	130552.8681	Direct
2017-04-28	Class A Common Stock	F	1189.2770	$108.8300	Disposed	129363.5911	Direct
2017-04-28	Class A Common Stock	F	1252.3820	$108.8300	Disposed	128111.2091	Direct
2017-04-28	Class A Common Stock	F	1498.3428	$108.8300	Disposed	126612.8663	Direct
2017-04-28	Class A Common Stock	F	5040.1976	$108.8300	Disposed	121572.6687	Direct
2017-04-28	Class A Common Stock	F	5608.1503	$108.8300	Disposed	115964.5184	Direct
2017-04-28	Class A Common Stock	F	5970.7561	$108.8300	Disposed	109993.7623	Direct

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-04-28	Option to Purchase UPS Class A Common	$76.8900	M	8451.0000	Disposed	2022-03-01	Class A Common Stock (8451.0000)	Direct
2017-04-28	Option to Purchase UPS Class A Common	$74.2500	M	8220.0000	Disposed	2021-05-04	Class A Common Stock (8220.0000)	Direct
2017-04-28	Option to Purchase UPS Class A Common	$67.1800	M	8165.0000	Disposed	2020-05-05	Class A Common Stock (8165.0000)	Direct

Security	Shares	Ownership
Class A Common Stock	482.0000	Indirect

F1: Includes 33.9770 shares acquired in the Reporting Person's 401(k) account between March 15, 2017 and April 28, 2017.

F2: Securities vested at the rate of 20% annually beginning on March 1, 2013 or immediately upon retirement, death or disability.

F3: Securities vested at the rate of 20% annually beginning on May 4, 2012 or immediately upon retirement, death or disability.

F4: Securities vested at the rate of 20% annually beginning on May 5, 2011 or immediately upon retirement, death or disability.