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: Perez Juan R. (Chief Info. & Engineering Off.)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-01-27	Class A Common Stock	M	898.1161	$0.0000	Acquired	52610.2502	Direct
2021-01-27	Class A Common Stock	M	674.0749	$0.0000	Acquired	53284.3251	Direct
2021-01-27	Class A Common Stock	M	338.0526	$0.0000	Acquired	53622.3777	Direct
2021-01-27	Class A Common Stock	F	102.0000	$158.9000	Disposed	53520.3777	Direct
2021-01-27	Class A Common Stock	F	203.0000	$158.9000	Disposed	53317.3777	Direct
2021-01-27	Class A Common Stock	F	297.0000	$158.9000	Disposed	53020.3777	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-01-27	Restricted Performance Units	$	M	338.0526	Disposed	2021-01-15	Class A Common Stock (338.0526)	Direct
2021-01-27	Restricted Performance Units	$	M	674.0749	Disposed	2022-01-15	Class A Common Stock (674.0749)	Direct
2021-01-27	Restricted Performance Units	$	M	898.1161	Disposed	2023-01-15	Class A Common Stock (898.1161)	Direct

Footnotes

F1: Includes 1,851.4074 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.