UNITED PARCEL SERVICE INC — Director's Dealing 2017

Jan 30, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: UNITED PARCEL SERVICE INC (UPS)
CIK: 0001090727
Period of Report: 2017-01-27

Reporting Person: Gutmann Kathleen M. (SVP, Sales & Solutions)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-01-27	Class A Common Stock	M	841.7550	$114.2400	Acquired	29284.2372	Direct
2017-01-27	Class A Common Stock	M	652.7542	$114.2400	Acquired	29936.9914	Direct
2017-01-27	Class A Common Stock	M	484.8838	$114.2400	Acquired	30421.8752	Direct
2017-01-27	Class A Common Stock	M	354.2802	$114.2400	Acquired	30776.1554	Direct
2017-01-27	Class A Common Stock	M	324.9149	$114.2400	Acquired	31101.0703	Direct
2017-01-27	Class A Common Stock	F	153.0000	$114.2400	Disposed	30948.0703	Direct
2017-01-27	Class A Common Stock	F	184.0000	$114.2400	Disposed	30764.0703	Direct
2017-01-27	Class A Common Stock	F	259.0000	$114.2400	Disposed	30505.0703	Direct
2017-01-27	Class A Common Stock	F	311.0000	$114.2400	Disposed	30194.0703	Direct
2017-01-27	Class A Common Stock	F	404.0000	$114.2400	Disposed	29790.0703	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-01-27	Restricted Performance Units	$	M	484.8838	Disposed	2017-01-15	Class A Common Stock (484.8838)	Direct
2017-01-27	Restricted Performance Units	$	M	354.2802	Disposed	2018-01-15	Class A Common Stock (354.2802)	Direct
2017-01-27	Restricted Performance Units	$	M	324.9149	Disposed	2019-01-15	Class A Common Stock (324.9149)	Direct
2017-01-27	Restricted Performance Units	$	M	652.7542	Disposed	2020-01-15	Class A Common Stock (652.7542)	Direct
2017-01-27	Restricted Performance Units	$	M	841.7550	Disposed	2021-01-15	Class A Common Stock (841.7550)	Direct

Footnotes

F1: Represents Restricted Performance Units (RPUs) granted as Management Incentive Awards under the United Parcel Service, Inc. Incentive Compensation Plan. Each RPU represents the right to receive one share of Class A common stock.

F2: RPUs vest at the rate of 20% on January 15th of each year during the vesting period.

F3: Includes 225.5881 Dividend Equivalent Units acquired in the Restricted Performance Plan account between January 29, 2016 and January 26, 2017.