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: Lane Laura J (CHF Crp Aff, Com & Sustain Off)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-01-27	Class A Common Stock	M	507.5957	$0.0000	Acquired	13464.5652	Direct
2021-01-27	Class A Common Stock	M	399.1402	$0.0000	Acquired	13863.7054	Direct
2021-01-27	Class A Common Stock	M	338.1050	$0.0000	Acquired	14201.8104	Direct
2021-01-27	Class A Common Stock	F	158.0000	$158.9000	Disposed	14043.8104	Direct
2021-01-27	Class A Common Stock	F	179.0000	$158.9000	Disposed	13864.8104	Direct
2021-01-27	Class A Common Stock	F	256.0000	$158.9000	Disposed	13608.8104	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-01-27	Restricted Performance Units	$	M	507.5957	Disposed	2021-01-15	Class A Common Stock (507.5957)	Direct
2021-01-27	Restricted Performance Units	$	M	338.1050	Disposed	2022-01-15	Class A Common Stock (338.1050)	Direct
2021-01-27	Restricted Performance Units	$	M	399.1402	Disposed	2023-01-15	Class A Common Stock (399.1402)	Direct

Footnotes

F1: Includes 696.1877 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.