Sec Form 4 Filing - Cesarone Nando @ UNITED PARCEL SERVICE INC - 2020-08-17

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

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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person Cesarone Nando 2. Issuer Name and Ticker or Trading Symbol UNITED PARCEL SERVICE INC [ UPS] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner X __ Officer (give title below) _____ Other (specify below) President, UPS International (Last) (First) (Middle) 55 GLENLAKE PARKWAY, NE 3. Date of Earliest Transaction (MM/DD/YY) 08/17/2020 (Street) ATLANTA, GA30328 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 08/17/2020 M 1,691 A $ 111.8 12,957.4668 ( 1 ) D Class A Common Stock 08/17/2020 M 1,265 A $ 104.45 14,222.4668 ( 1 ) D Class A Common Stock 08/17/2020 M 1,212 A $ 106.43 15,434.4668 ( 1 ) D Class A Common Stock 08/17/2020 M 734 A $ 106.87 16,168.4668 ( 1 ) D Class A Common Stock 08/17/2020 M 573 A $ 98.77 16,741.4668 ( 1 ) D Class A Common Stock 08/17/2020 M 488 A $ 101.93 17,229.4668 ( 1 ) D Class A Common Stock 08/17/2020 F 4,863.007 D $ 160.74 12,366.4598 ( 1 ) D Class B Common Stock 1 D

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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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 (MM/DD/YY) 7. Title and Amount of Underlying Securities (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 of Derivative Security: 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 Option to Purchase Class A Common $ 111.8 08/17/2020 M 1,691 ( 2 ) 02/14/2029 Class A Common Stock 1,691 $ 0 6,766 D Option to Purchase Class A Common $ 106.43 08/17/2020 M 1,212 ( 3 ) 03/01/2028 Class A Common Stock 1,212 $ 0 2,270 D Option to Purchase UPS Class A Common $ 106.87 08/17/2020 M 734 ( 4 ) 03/01/2027 Class A Common Stock 734 $ 0 1,470 D Option to Purchase UPS Class A Common $ 101.93 08/17/2020 M 488 ( 5 ) 03/02/2025 Class A Common Stock 488 $ 0 0 D Option to Purchase UPS Class A Common $ 98.77 08/17/2020 M 573 ( 6 ) 03/02/2026 Class A Common Stock 573 $ 0 573 D Option to Purchase UPS Class A Common $ 104.45 08/17/2020 M 1,265 ( 7 ) 03/22/2028 Class A Common Stock 1,265 $ 0 1,898 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Cesarone Nando 55 GLENLAKE PARKWAY, NE ATLANTA, GA30328 President, UPS International Signatures Eli Brown, Power of Attorney 08/19/2020 Signature of Reporting Person Date

Explanation of Responses:

( 1 )Includes 170.4449 shares in the Reporting Person's 401(k) account. ( 2 )Option to purchase 8,457 shares granted on February 14, 2019 vests 20% annually beginning on February 14, 2020. ( 3 )Option to purchase 3,782 shares granted on March 1, 2018 vests 20% annually beginning on March 1, 2019. ( 4 )Option to purchase 3,673 shares granted on March 1, 2017 vests 20% annually beginning on March 1, 2018. ( 5 )Securities are presently exercisable. ( 6 )Option to purchase 2,864 shares granted on March 2, 2016 vests 20% annually beginning on March 2, 2017. ( 7 )Option to purchase 3,163 shares granted on March 22, 2018 vests 20% annually beginning on March 22, 2019.

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.
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