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

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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)
Chairman and CEO

3. Date of Earliest Transaction (Month/Day/Year)
01/22/2020

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	01/22/2020		M		2,886.9787	A	$0.0000	233,284.4359(1)	D
Class A Common Stock	01/22/2020		M		2,677.2689	A	$0.0000	235,961.7048(1)	D
Class A Common Stock	01/22/2020		M		2,126.9283	A	$0.0000	238,088.6331(1)	D
Class A Common Stock	01/22/2020		M		1,586.1833	A	$0.0000	239,674.8164(1)	D
Class A Common Stock	01/22/2020		F		716	D	$117.93	238,958.8164(1)	D
Class A Common Stock	01/22/2020		F		968	D	$117.93	237,990.8164(1)	D
Class A Common Stock	01/22/2020		F		1,208	D	$117.93	236,782.8164(1)	D
Class A Common Stock	01/22/2020		F		1,303	D	$117.93	235,479.8164(1)	D
Class B Common Stock								1,452	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)	01/22/2020		M			2,126.9283	(3)	01/15/2020	Class A Common Stock	2,126.9283	$0.0000	0.0000	D
Restricted Performance Units	(2)	01/22/2020		M			2,886.9787	(3)	01/15/2021	Class A Common Stock	2,886.9787	$0.0000	2,887(4)	D
Restricted Performance Units	(2)	01/22/2020		M			1,586.1833	(3)	01/15/2022	Class A Common Stock	1,586.1833	$0.0000	3,173(4)	D
Restricted Performance Units	(2)	01/22/2020		M			2,677.2689	(3)	01/15/2023	Class A Common Stock	2,677.2689	$0.0000	8,034(4)	D

Explanation of Responses:

1. Includes 2,435.1674 shares in the Reporting Person's 401(k) account

2. Represents Restricted Performance Units (RPUs) gratned 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 ratably over five years from the date of grant.

4. Includes dividend equivalent units attributed to the RPUs.

	Eli Brown, Power of Attorney	01/24/2020
	** 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 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).
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