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: Thomas Charlene A (CHF Diversity, Equity & In Off)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-01-27	Class A Common Stock	M	212.8545	$0.0000	Acquired	5608.5092	Direct
2021-01-27	Class A Common Stock	M	188.1516	$0.0000	Acquired	5796.6608	Direct
2021-01-27	Class A Common Stock	M	175.4919	$0.0000	Acquired	5972.1527	Direct
2021-01-27	Class A Common Stock	F	96.0000	$158.9000	Disposed	5876.1527	Direct
2021-01-27	Class A Common Stock	F	101.0000	$158.9000	Disposed	5775.1527	Direct
2021-01-27	Class A Common Stock	F	118.0000	$158.9000	Disposed	5657.1527	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-01-27	Restricted Performance Units	$	M	188.1516	Disposed	2021-01-15	Class A Common Stock (188.1516)	Direct
2021-01-27	Restricted Performance Units	$	M	175.4919	Disposed	2022-01-15	Class A Common Stock (175.4919)	Direct
2021-01-27	Restricted Performance Units	$	M	212.8545	Disposed	2023-01-15	Class A Common Stock (212.8545)	Direct

Footnotes

F1: Includes 407.9120 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.