United Parcel Service (UPS) Form 3 UNITED PARCEL SERVICE / Laura J Lane ownership change

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Lane Laura J

(Last) (First) (Middle)

55 GLENLAKE PARKWAY, NE

(Street)

ATLANTA GA 30328

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
07/28/2020

3. Issuer Name and Ticker or Trading Symbol
UNITED PARCEL SERVICE INC [ UPS ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
Chief Corp Affairs & Comms Off

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Class A Common Stock	13,004.2442(1)	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Option to Purchase Class A Common	(2)	03/02/2026	Class A Common Stock	1,515	98.77	D
Option to Purchase Class A Common	(3)	03/02/2025	Class A Common Stock	705	101.93	D
Option to Purchase Class A Common	(4)	02/12/2030	Class A Common Stock	6,261	105.54	D
Option to Purchase Class A Common	(5)	03/01/2028	Class A Common Stock	4,642	106.43	D
Option to Purchase Class A Common	(6)	03/01/2027	Class A Common Stock	4,661	106.87	D
Option to Purchase Class A Common	(7)	02/14/2029	Class A Common Stock	4,425	111.8	D
Restricted Performance Units	(8)	01/15/2021	Class A Common Stock	502.1595	(9)	D
Restricted Performance Units	(8)	01/15/2022	Class A Common Stock	668.8642	(9)	D
Restricted Performance Units	(8)	01/15/2023	Class A Common Stock	1,184.3193	(9)	D
Restricted Performance Units	(10)	03/06/2021	Class A Common Stock	1,023.1476	(9)	D

Explanation of Responses:

1. Includes 668.4624 shares in the Reporting Person's 401(k) account.

2. Securities vest at the rate of 20% annually. Vesting began March 2, 2017.

3. Securities vest at the rate of 20% annually. Vesting began March 2, 2016.

4. Securities vest at the rate of 20% annually beginning February 12, 2021.

5. Securities vest at the rate of 20% annually. Vesting began March 1, 2019.

6. Securities vest at the rate of 20% annually. Vesting began March 1, 2018.

7. Securites vest at the rate of 20% annually. Vesting began February 14, 2020.

8. Restricted Performance Units (RPUs) granted as Management Incentive Award under the United Parcel Service, Inc. Incentive Compensation Plan. Reported awards vest ratably on January 15 of each year through the expiration date.

9. Each RPU represents the right to receive one share of class A common stock.

10. Restricted Performance Units (RPUs) granted as Management Incentive Award under the United Parcel Service, Inc. Incentive Compensation Plan. Reported award vests on the first anniversary of the grant date.

Remarks:

lauralane.txt

	Eli Brown, Power of Attorney	08/07/2020
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.