UNITED PARCEL SERVICE INC — Director's Dealing 2020

Jan 24, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: UNITED PARCEL SERVICE INC (UPS)
CIK: 0001090727
Period of Report: 2020-01-22

Reporting Person: Gutmann Kathleen M. (Chief Sales & Solutions Off)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-01-22	Class A Common Stock	M	926.5193	$0.0000	Acquired	43937.0889	Direct
2020-01-22	Class A Common Stock	M	910.9438	$0.0000	Acquired	44848.0327	Direct
2020-01-22	Class A Common Stock	M	718.6407	$0.0000	Acquired	45566.6734	Direct
2020-01-22	Class A Common Stock	M	547.2762	$0.0000	Acquired	46113.9496	Direct
2020-01-22	Class A Common Stock	F	247.0000	$117.9300	Disposed	45866.9496	Direct
2020-01-22	Class A Common Stock	F	363.0000	$117.9300	Disposed	45503.9496	Direct
2020-01-22	Class A Common Stock	F	411.0000	$117.9300	Disposed	45092.9496	Direct
2020-01-22	Class A Common Stock	F	415.0000	$117.9300	Disposed	44677.9496	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-01-22	Restricted Performance Units	$	M	718.6407	Disposed	2020-01-15	Class A Common Stock (718.6407)	Direct
2020-01-22	Restricted Performance Units	$	M	926.5193	Disposed	2021-01-15	Class A Common Stock (926.5193)	Direct
2020-01-22	Restricted Performance Units	$	M	547.2762	Disposed	2022-01-15	Class A Common Stock (547.2762)	Direct
2020-01-22	Restricted Performance Units	$	M	910.9438	Disposed	2023-01-15	Class A Common Stock (910.9438)	Direct

Footnotes

F1: Includes 1,977.1962 shares in the Reporting Person's 401(k) account

F2: 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.

F3: RPUs vest ratably over five years from the date of grant.

F4: Includes dividend equivalent units attributed to the RPUs.