UNITED PARCEL SERVICE INC — Director's Dealing 2017

May 5, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: UNITED PARCEL SERVICE INC (UPS)
CIK: 0001090727
Period of Report: 2017-05-04

Reporting Person: STANKEY JOHN T (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-05-04	Restricted Stock Units	$	A	1588.0000	Acquired		Class A Common Stock (1588.0000)	Direct

Footnotes

F1: One unit is equivalent to one share of UPS Class A Common stock.

F2: Represents Restricted Stock Units (RSUs) granted under the United Parcel Service, Inc. Incentive Compensation Plan. These RSUs will convert into shares of UPS Class A common stock on a one for one basis upon separation from service with the company.