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: Willis George (President, US Operations)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-01-22	Class A Common Stock	M	464.8839	$0.0000	Acquired	5217.5005	Direct
2020-01-22	Class A Common Stock	M	354.6070	$0.0000	Acquired	5572.1075	Direct
2020-01-22	Class A Common Stock	M	317.9002	$0.0000	Acquired	5890.0077	Direct
2020-01-22	Class A Common Stock	M	300.8899	$0.0000	Acquired	6190.8976	Direct
2020-01-22	Class A Common Stock	F	101.0000	$117.9300	Disposed	6089.8976	Direct
2020-01-22	Class A Common Stock	F	108.0000	$117.9300	Disposed	5981.8976	Direct
2020-01-22	Class A Common Stock	F	133.0000	$117.9300	Disposed	5848.8976	Direct
2020-01-22	Class A Common Stock	F	191.0000	$117.9300	Disposed	5657.8976	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-01-22	Restricted Performance Units	$	M	317.9002	Disposed	2020-01-15	Class A Common Stock (317.9002)	Direct
2020-01-22	Restricted Performance Units	$	M	464.8839	Disposed	2021-01-15	Class A Common Stock (464.8839)	Direct
2020-01-22	Restricted Performance Units	$	M	300.8899	Disposed	2022-01-15	Class A Common Stock (300.8899)	Direct
2020-01-22	Restricted Performance Units	$	M	354.6070	Disposed	2023-01-15	Class A Common Stock (354.6070)	Direct

Footnotes

F1: Includes 111.0304 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.