UNITED PARCEL SERVICE INC — Director's Dealing 2021

May 17, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: UNITED PARCEL SERVICE INC (UPS)
CIK: 0001090727
Period of Report: 2021-05-13

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-05-13	Class A Common Stock	M	8500.1319	$0.0000	Acquired	80707.8280	Direct
2021-05-13	Class A Common Stock	F	3833.5595	$215.6700	Disposed	76874.2685	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-05-13	Restricted Stock Units	$	M	8500.1319	Disposed	2023-05-13	Class A Common Stock (8500.1319)	Direct

Footnotes

F1: Includes 2,130.1718 shares in the Reporting Person's 401(k) account.

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.

F3: RSUs vest 25% the first year, 25% the second year and 50% the third year.

F4: Includes dividend equivalent units attributed to the RSUs.