UNITED PARCEL SERVICE INC - Director's Dealing 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: UNITED PARCEL SERVICE INC (UPS)
CIK: 0001090727
Period of Report: 2020-02-21

Reporting Person: Peretz Richard N. (SVP)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-02-21	Class A Common Stock	M	20205.0000	$0.0000	Acquired	49588.9545	Direct
2020-02-21	Class A Common Stock	M	5196.1667	$0.0000	Acquired	54785.1212	Direct
2020-02-21	Class A Common Stock	F	2344.0000	$105.9500	Disposed	52441.1212	Direct
2020-02-21	Class A Common Stock	F	9113.0000	$117.0600	Disposed	43328.1212	Direct

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-02-21	Restricted Performance Units	$	M	20205.0000	Disposed	2020-02-12	Class A Common Stock (20205.0000)	Direct
2020-02-21	Restricted Performance Units	$	M	5196.1667	Disposed	2020-02-14	Class A Common Stock (5196.1667)	Direct

Security	Shares	Ownership
Class A Common Stock	120.0000	Indirect
Class A Common Stock	100.0000	Indirect

F1: Includes 437.7776 shares in the Reporting Person's 401(k) account.

F2: Includes dividend equivalent units attributable to the RPUs prior to conversion.

F3: One unit is equivalent to one share of UPS Class A common stock.

F4: The RPUs were vested when earned on February 12, 2020.

F5: The RPUs vested one year after the date of grant.