Nando Cesarone - Feb 18, 2022 Form 4 Insider Report for UNITED PARCEL SERVICE INC (UPS)

Role: President, US Operations
Signature: Eli Brown, Power of Attorney
Stock symbol: UPS
Transactions as of: Feb 18, 2022
Transactions value $: -$3,182,258
Form type: 4
Date filed: 2/22/2022, 05:40 PM
Previous filing: Feb 11, 2022
Next filing: Mar 25, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	UPS	Class A Common Stock	Options Exercise	$0	+28.4K	+202.79%	$0.00	42.4K	Feb 18, 2022	Direct	F1
transaction	UPS	Class A Common Stock	Options Exercise	$0	+4.4K	+10.39%	$0.00	46.8K	Feb 18, 2022	Direct	F1, F2
transaction	UPS	Class A Common Stock	Tax liability	-$438K	-1.99K	-4.25%	$220.68	44.8K	Feb 18, 2022	Direct	F1
transaction	UPS	Class A Common Stock	Tax liability	-$2.74M	-12.8K	-28.58%	$214.34	32K	Feb 18, 2022	Direct	F1
holding	UPS	Class B Common Stock						1	Feb 18, 2022	Direct

Showing 1 to 5 of 5 entries

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	UPS	Restricted Performance Units	Options Exercise	$0	-28.4K	-100%	$0.00^*	0	Feb 18, 2022	Class A Common Stock	28.4K		Direct	F3, F4
transaction	UPS	Restricted Units 2021	Options Exercise	$0	-4.4K	-100%	$0.00^*	0	Feb 18, 2022	Class A Common Stock	4.4K		Direct	F2, F3, F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Includes 230.8218 shares in the reporting person's 401(k) account.
F2	Includes dividend equivalent units attributable to the restricted units prior to conversion.
F3	One unit is equivalent to one share of UPS Class A common stock.
F4	RPUs were vested when earned on February 9, 2022.
F5	Restricted units vested one year after the date of grant.