UNITED PARCEL SERVICE INC — Director's Dealing 2017

Mar 15, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: UNITED PARCEL SERVICE INC (UPS)
CIK: 0001090727
Period of Report: 2017-03-14

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-03-14	Class A Common Stock	M	9253.0000	$114.6400	Acquired	110119.8911	Direct
2017-03-14	Class A Common Stock	F	4437.0000	$114.6400	Disposed	105682.8911	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-03-14	Restricted Performance Units	$	M	9253.0000	Disposed	2016-12-31	Class A Common Stock (9253.0000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	482.0000	Indirect

Footnotes

F1: Includes 15.9335 shares acquired in the Reporting Person's 401(k) account between January 1, 2017 and March 14, 2017.

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

F3: The Restricted Performance Units vested on December 31, 2016. Vested shares of Class A common stock were delivered to the reporting person on March 14, 2017.