UNITED PARCEL SERVICE INC — Director's Dealing 2018

Nov 9, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: UNITED PARCEL SERVICE INC (UPS)
CIK: 0001090727
Period of Report: 2018-11-07

Reporting Person: Warsh Kevin M (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-11-07	Phantom Stock Units	$	J	236.2098	Acquired		Class A Common Stock (236.2098)	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 36.1439 shares acquired in the Reporting Person's Deferred Compensation Plan account between August 9, 2018 and November 7, 2018.