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: Brothers Norman M. Jr (Chief Legal & Compliance 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	35812.7288	Direct
2021-01-27	Class A Common Stock	M	610.9514	$0.0000	Acquired	36423.6802	Direct
2021-01-27	Class A Common Stock	M	366.9991	$0.0000	Acquired	36790.6793	Direct
2021-01-27	Class A Common Stock	F	185.0000	$158.9000	Disposed	36605.6793	Direct
2021-01-27	Class A Common Stock	F	285.0000	$158.9000	Disposed	36320.6793	Direct
2021-01-27	Class A Common Stock	F	406.0000	$158.9000	Disposed	35914.6793	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-01-27	Restricted Performance Units	$	M	366.9991	Disposed	2021-01-15	Class A Common Stock (366.9991)	Direct
2021-01-27	Restricted Performance Units	$	M	610.9514	Disposed	2022-01-15	Class A Common Stock (610.9514)	Direct
2021-01-27	Restricted Performance Units	$	M	898.1161	Disposed	2023-01-15	Class A Common Stock (898.1161)	Direct

Footnotes

F1: Includes 431.5515 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.