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: Cesarone Nando (President, US Operations)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-01-27	Class A Common Stock	M	1222.9852	$0.0000	Acquired	13591.5545	Direct
2021-01-27	Class A Common Stock	F	579.0000	$158.9000	Disposed	13012.5545	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-01-27	Restricted Performance Units	$	M	1222.9852	Disposed	2021-01-15	Class A Common Stock (1222.9852)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class B Common Stock	1.0000	Direct

Footnotes

F1: Includes 172.5544 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 20% the first year, 20% the second year and 60% the third year.