# EDGAR Filing Document

**Accession Number:** 0001090727
**File Stem:** 0001225208-23-001274
**Filing Date:** 2023-2
**Character Count:** 7975
**Document Hash:** a234d5e47af6778887c75589afa923b7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001225208-23-001274.hdr.sgml**: 20230203

**ACCESSION NUMBER**: 0001225208-23-001274

**CONFORMED SUBMISSION TYPE**: 4

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20230202

**FILED AS OF DATE**: 20230203

**DATE AS OF CHANGE**: 20230203

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Cesarone Nando
- **CENTRAL INDEX KEY:** 0001733586

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-15451
- **FILM NUMBER:** 23586631

**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>Cesarone Nando<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>2023-02-02 | **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>_President, US Operations_ |
| **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 | 2023-02-02 |  | M |  | 2742 | A | $105.5400 | 20274.6163<sup>(1)</sup> | D |  |
| Class A Common Stock | 2023-02-02 |  | M |  | 2653 | A | $165.6600 | 22927.6163<sup>(1)</sup> | D |  |
| Class A Common Stock | 2023-02-02 |  | M |  | 1692 | A | $111.8000 | 24619.6163<sup>(1)</sup> | D |  |
| Class A Common Stock | 2023-02-02 |  | M |  | 756 | A | $106.4300 | 25375.6163<sup>(1)</sup> | D |  |
| Class A Common Stock | 2023-02-02 |  | M |  | 735 | A | $106.8700 | 26110.6163<sup>(1)</sup> | D |  |
| Class A Common Stock | 2023-02-02 |  | M |  | 633 | A | $104.4500 | 26743.6163<sup>(1)</sup> | D |  |
| Class A Common Stock | 2023-02-02 |  | F |  | 1444 | D | $190 | 25299.6163<sup>(1)</sup> | D |  |
| Class A Common Stock | 2023-02-02 |  | S<sup>(2)</sup> |  | 7767 | D | $190 | 17532.6163<sup>(1)</sup> | D |  |
| Class B Common Stock |  |  |  |  |  |  |  | 1 | 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 |
| Option to Purchase Class A Common | $165.6600 | 2023-02-02 |  | M |  |  | 2653 | <sup>(3)</sup> | 2031-02-10 | Class A Common Stock | 2653 | $0 | 10616 | D |  |
| Option to Purchase Class A Common | $105.5400 | 2023-02-02 |  | M |  |  | 2742 | <sup>(4)</sup> | 2030-02-12 | Class A Common Stock | 2742 | $0 | 8226 | D |  |
| Option to Purchase Class A Common | $111.8000 | 2023-02-02 |  | M |  |  | 1692 | <sup>(5)</sup> | 2029-02-14 | Class A Common Stock | 1692 | $0 | 3383 | D |  |
| Option to Purchase Class A Common | $106.4300 | 2023-02-02 |  | M |  |  | 756 | <sup>(6)</sup> | 2028-03-01 | Class A Common Stock | 756 | $0 | 757 | D |  |
| Option to Purchase UPS Class A Common | $106.8700 | 2023-02-02 |  | M |  |  | 735 | <sup>(7)</sup> | 2027-03-01 | Class A Common Stock | 735 | $0 | 0 | D |  |
| Option to Purchase UPS Class A Common | $104.4500 | 2023-02-02 |  | M |  |  | 633 | <sup>(8)</sup> | 2028-03-22 | Class A Common Stock | 633 | $0 | 633 | D |  |

---

### Footnotes:

(1) Includes 288.4280 shares in the reporting person's 401(k) account.

(2) The sale reported on this Form 4 was effected pursuant to a previously adopted Rule 10b5-1 plan.

(3) Option to purchase 13,269 shares granted on February 10, 2021 vests 20% annually beginning on February 10, 2022.

(4) Option to purchase 13,709 shares granted on February 12, 2020 vests 20% annually beginning on February 12, 2021.

(5) Option to purchase 8,457 shares granted on February 14, 2019 vests 20% annually beginning on February 14, 2020.

(6) Option to purchase 3,782 shares granted on March 1, 2018 vests 20% annually beginning on March 1, 2019.

(7) Option to purchase 3,673 shares granted on March 1, 2017.

(8) Option to purchase 3,163 shares granted on March 22, 2018 vests 20% annually beginning on March 22, 2019.

**Signature:** Eli Brown, Power of Attorney  
**Date:** 2023-02-03

### 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.**