# EDGAR Filing Document

**Accession Number:** 0001090727
**File Stem:** 0001225208-23-002551
**Filing Date:** 2023-2
**Character Count:** 8363
**Document Hash:** c13c0c51adebaff5539a6c4597bcd12c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001225208-23-002551.hdr.sgml**: 20230222

**ACCESSION NUMBER**: 0001225208-23-002551

**CONFORMED SUBMISSION TYPE**: 4

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20230217

**FILED AS OF DATE**: 20230222

**DATE AS OF CHANGE**: 20230222

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Brothers Norman M. Jr
- **CENTRAL INDEX KEY:** 0001662878

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-15451
- **FILM NUMBER:** 23654828

**MAIL ADDRESS:**
- **STREET 1:** 55 GLENLAKE PARKWAY, NE
- **CITY:** ATLANTA
- **STATE:** GA
- **ZIP:** 30328
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** UNITED PARCEL SERVICE INC
- **CENTRAL INDEX KEY:** 0001090727
- **STANDARD INDUSTRIAL CLASSIFICATION:** TRUCKING & COURIER SERVICES (NO AIR) [4210]
- **IRS NUMBER:** 582480149
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**BUSINESS ADDRESS:**
- **STREET 1:** 55 GLENLAKE PARKWAY NE
- **CITY:** ATLANTA
- **STATE:** GA
- **ZIP:** 30328
- **BUSINESS PHONE:** 4048286000

**MAIL ADDRESS:**
- **STREET 1:** 55 GLENLAKE PARKWAY NE
- **CITY:** ATLANTA
- **STATE:** GA
- **ZIP:** 30328

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

## FORM 4

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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

[ ] Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Brothers Norman M. Jr<br><sub>(Last) (First) (Middle)</sub><br>55 GLENLAKE PARKWAY, NE<br><sub>(Street)</sub><br>ATLANTA, GA 30328<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2023-02-17 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[ ] Director [ ] 10% Owner<br>[X] Officer (give title below) [ ] Other (specify below)<br>_Chief Legal & Compliance Off_ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>UNITED PARCEL SERVICE INC [ UPS ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| Class A Common Stock | 2023-02-17 |  | M |  | 37750 | A | $0 | 78488.0455<sup>(1)</sup> | D |  |
| Class A Common Stock | 2023-02-17 |  | M |  | 4078.4116<sup>(2)</sup> | A | $0 | 82566.4571<sup>(1)</sup> | D |  |
| Class A Common Stock | 2023-02-17 |  | F |  | 1840 | D | $184.7500 | 80726.4571<sup>(1)</sup> | D |  |
| Class A Common Stock | 2023-02-17 |  | F |  | 17026 | D | $173.8400 | 63700.4571<sup>(1)</sup> | D |  |
| Class A Common Stock | 2023-02-17 |  | J<sup>(3)</sup> |  | 20724 | D | $0 | 42976.4571<sup>(1)</sup> | D |  |
| Class B Common Stock | 2023-02-17 |  | J<sup>(3)</sup> |  | 20724 | A | $0 | 20724 | D |  |
| Class B Common Stock | 2023-02-17 |  | S |  | 2149 | D | 183.5058<sup>(4)</sup> | 18575 | D |  |
| Class B Common Stock | 2023-02-17 |  | S |  | 4112 | D | 182.6980<sup>(5)</sup> | 14463 | D |  |
| Class B Common Stock | 2023-02-17 |  | S |  | 14463 | D | 181.9558<sup>(6)</sup> | 0 | D |  |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| Restricted Performance Units | <sup>(7)</sup> | 2023-02-17 |  | M |  |  | 37750 | <sup>(8)</sup> | <sup>(8)</sup> | Class A Common Stock | 37750 | $0 | 0 | D |  |
| Restricted Units 2022 | <sup>(7)</sup> | 2023-02-17 |  | M |  |  | 4078.4116 | <sup>(9)</sup> | <sup>(9)</sup> | Class A Common Stock | 4078.4116<sup>(2)</sup> | $0 | 0 | D |  |

---

### Footnotes:

(1) Includes 535.7887 shares in the reporting person's 401(k) account and 59.5400 shares acquired in the reporting person's Discounted Employee Stock Purchase Plan.

(2) Includes dividend equivalent units attributable to the restricted units prior to conversion.

(3) Conversion of shares of Class A common stock into Class B common stock in accordance with the terms thereof.

(4) The price shown is the weighted average price at which shares were sold in multiple sales transactions made pursuant to a single market order. The range of prices for the transactions made was $183.45 to $183.55. Upon request by SEC staff, the issuer or a security holder of the issuer, the reporting person will provide full information regarding the number of shares sold at each separate price.

(5) The price shown is the weighted average price at which shares were sold in multiple sales transactions made pursuant to a single market order. The range of prices for the transactions made was $182.42 to $183.18. Upon request by SEC staff, the issuer or a security holder of the issuer, the reporting person will provide full information regarding the number of shares sold at each separate price.

(6) The price shown is the weighted average price at which shares were sold in multiple sales transactions made pursuant to a single market order. The range of prices for the transactions made was $181.41 to $182.40. Upon request by SEC staff, the issuer or a security holder of the issuer, the reporting person will provide full information regarding the number of shares sold at each separate price.

(7) One unit is equivalent to one share of UPS Class A common stock.

(8) RPUs were vested when earned on February 8. 2023.

(9) Restricted units vested one year after the date of grant.

**Signature:** Eli Brown, Power of Attorney  
**Date:** 2023-02-22

### Remarks:

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.**