Upland Software, Inc. — Director's Dealing 2021

Jan 25, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Upland Software, Inc. (UPLD)
CIK: 0001505155
Period of Report: 2021-01-21

Reporting Person: MCDONALD JOHN T (Director, CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-12-24	Common Stock	G	125000	—	Disposed	1514915	Direct
2021-01-21	Common Stock	S	1000	$50	Disposed	1513915	Direct
2021-01-22	Common Stock	S	7526	$50	Disposed	1506389	Direct
2021-01-25	Common Stock	S	26219	$50.035	Disposed	1480170	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	153738	Indirect

Footnotes

F1: This gift was a transfer of shares to a trust for the benefit of Mr. McDonald's children. Bryn Mawr Trust Company is the trustee of the trust.

F2: Shares were sold pursuant to shareholder's 10b5-1 trading plan.

F3: Does not include 125,000 shares of common stock held in a trust for the benefit of Mr. McDonald's children of which Bryn Mawr Trust Company is the trustee.

F4: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $50.00 to $50.335, inclusive. The reporting person undertakes to provide to Upland Software, Inc., any security holder of Upland Software, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote to this Form 4.