Abney David P Form 4 UNITED PARCEL SERVICE / DAVID P ABNEY ownership change

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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

OMB APPROVAL

OMB Number:	3235-0287
Estimated average burden
hours per response:	0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

ABNEY DAVID P

(Last) (First) (Middle)

55 GLENLAKE PARKWAY, NE

(Street)

ATLANTA GA 30328

(City) (State) (Zip)

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

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

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
Chief Executive Officer

3. Date of Earliest Transaction (Month/Day/Year)
01/29/2016

4. 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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	01/29/2016		M		1,876.6635	A	$90.04	150,732.5776	D
Class A Common Stock	01/29/2016		M		1,210.1246	A	$90.04	151,942.7022	D
Class A Common Stock	01/29/2016		M		823.5059	A	$90.04	152,766.2081	D
Class A Common Stock	01/29/2016		M		747.4064	A	$90.04	153,513.6145	D
Class A Common Stock	01/29/2016		F		359	D	$90.04	153,154.6145	D
Class A Common Stock	01/29/2016		F		395	D	$90.04	152,759.6145	D
Class A Common Stock	01/29/2016		F		593	D	$90.04	152,166.6145	D
Class A Common Stock	01/29/2016		F		900	D	$90.04	151,266.6145(1)	D
Class A Common Stock								26,500	I	Spouse

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Performance Units	(2)	01/29/2016		M			1,210.1246	(3)	01/15/2017	Class A Common Stock	1,210.1246	$0.0000	1,211(4)	D
Restricted Performance Units	(2)	01/29/2016		M			823.5059	(3)	01/15/2018	Class A Common Stock	823.5059	$0.0000	1,646(4)	D
Restricted Performance Units	(2)	01/29/2016		M			747.4064	(3)	01/15/2019	Class A Common Stock	747.4064	$0.0000	2,244(4)	D
Restricted Performance Units	(2)	01/29/2016		M			1,876.6635	(3)	01/15/2020	Class A Common Stock	1,876.6635	$0.0000	7,504(4)	D

Explanation of Responses:

1. Includes 13.3909 shares acquired in the Reporting Person's 401(k) account between December 2, 2015 and January 28, 2016

2. 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.

3. RPUs vest at the rate of 20% on January 15th of each year during the vesting period.

4. Includes 426.7004 Dividend Equivalent Units acquired in the Restricted Performance Plan account between January 30, 2015 and January 28, 2016.

	William L. Lyons, Power of Attorney	01/29/2016
	** 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 4 (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.