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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-01-27	Class A Common Stock	M	957.2986	$0.0000	Acquired	56778.1960	Direct
2021-01-27	Class A Common Stock	M	941.3749	$0.0000	Acquired	57719.5709	Direct
2021-01-27	Class A Common Stock	M	565.9770	$0.0000	Acquired	58285.5479	Direct
2021-01-27	Class A Common Stock	F	256.0000	$158.9000	Disposed	58029.5479	Direct
2021-01-27	Class A Common Stock	F	425.0000	$158.9000	Disposed	57604.5479	Direct
2021-01-27	Class A Common Stock	F	457.0000	$158.9000	Disposed	57147.5479	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-01-27	Restricted Performance Units	$	M	957.2986	Disposed	2021-01-15	Class A Common Stock (957.2986)	Direct
2021-01-27	Restricted Performance Units	$	M	565.9770	Disposed	2022-01-15	Class A Common Stock (565.9770)	Direct
2021-01-27	Restricted Performance Units	$	M	941.3749	Disposed	2023-01-15	Class A Common Stock (941.3749)	Direct

Footnotes

F1: Includes 2,102.1886 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.