UNITED PARCEL SERVICE INC — Director's Dealing 2021

Jan 29, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: UNITED PARCEL SERVICE INC (UPS)
CIK: 0001090727
Period of Report: 2021-01-27

Reporting Person: Price Scott A. (President, UPS International)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-01-27	Class A Common Stock	M	6927.9850	$0.0000	Acquired	26331.6321	Direct
2021-01-27	Class A Common Stock	F	3151.0000	$158.9000	Disposed	23180.6321	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-01-27	Restricted Stock Units	$	M	6927.9850	Disposed	2022-01-15	Class A Common Stock (6927.9850)	Direct

Footnotes

F1: Includes 243.9654 shares in the Reporting Person's 401(k) account and 87.4089 shares acquired in the Reporting Person's Discounted Employee Stock Purchase Plan.

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 ratably over five years from the date of grant.

F4: Includes dividend equivalent units attributed to the RSUs.