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*
MCDEVITT JOHN J
(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)
Director 10% Owner
X Officer (give title below) Other (specify below)
Senior Vice President
3. Date of Earliest Transaction (Month/Day/Year)
05/11/2012
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 04/27/2012 G V 1,320 D $0.0000 71,606.1531 D
Class A Common Stock 05/11/2012 M 4,945.3013 A $0.0000 76,551.4544 D
Class A Common Stock 05/11/2012 M 1,545.8593 A $0.0000 78,097.3137 D
Class A Common Stock 05/11/2012 M 1,246.0929 A $0.0000 79,343.4066 D
Class A Common Stock 05/11/2012 M 1,243.91 A $0.0000 80,587.3166 D
Class A Common Stock 05/11/2012 M 1,126.4596 A $0.0000 81,713.7762 D
Class A Common Stock 05/11/2012 F 478.1822 D $77.73 81,235.594 D
Class A Common Stock 05/11/2012 F 528.0398 D $77.73 80,707.5542 D
Class A Common Stock 05/11/2012 F 528.9665 D $77.8 80,178.5877 D
Class A Common Stock 05/11/2012 F 656.2172 D $77.73 79,522.3705 D
Class A Common Stock 05/11/2012 F 2,099.2805 D $77.15 77,423.09(1) D
Class A Common Stock 04/27/2012 G V 330 A $0.0000 1,897 I Child I
Class A Common Stock 04/27/2012 G V 330 A $0.0000 1,900 I Child II
Class A Common Stock 04/27/2012 G V 330 A $0.0000 1,897 I Child III
Class A Common Stock 04/27/2012 G V 330 A $0.0000 1,900 I Child IV
Class A Common Stock 11,889.2917 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) 05/11/2012 M 4,945.3013 (3) (3) Class A Common Stock 4,945.3013 $0.0000 0.0000 D
Restricted Performance Units (2) 05/11/2012 M 1,126.4596 (4) 05/04/2016 Class A Common Stock 1,126.4596 $0.0000 4,506 D
Restricted Performance Units (2) 05/11/2012 M 1,243.91 (5) 05/05/2015 Class A Common Stock 1,243.91 $0.0000 3,731 D
Restricted Performance Units (2) 05/11/2012 M 1,545.8593 (6) 05/06/2014 Class A Common Stock 1,545.8593 $0.0000 3,091 D
Restricted Performance Units (2) 05/11/2012 M 1,246.0929 (7) 05/07/2013 Class A Common Stock 1,246.0929 $0.0000 1,246 D
Explanation of Responses:
1. Includes 37.0181 shares acquired in the Reporting Person's 401(k) account between October 28, 2011 and May 10, 2012 and 674.3514 Dividend Equivalent Units acquired in the Long Term Incentive Plan account between March 3, 2011 and March 7, 2012.
2. Represents Restricted Performance Units (RPUs) granted as Long-term Incentive Plan Unit Awards under the United Parcel Service, Inc. Incentive Compensation Plan. Each RPU represents a right to receive one share of class A common stock.
3. RPUs were granted on May 9, 2007, and were converted into shares of class A common stock and distributed to the Reporting Person on May 11, 2012.
4. RPUs were granted on May 4, 2011 and vest at the rate of 20% annually beginning on May 4th of each year during the vesting period. Securities were converted into shares of class A common stock and distributed to the Reporting Person on May 11, 2012.
5. RPUs were granted on May 5, 2010 and vest at the rate of 20% annually beginning on May 5th of each year during the vesting period. Securities were converted into shares of class A common stock and distributed to the Reporting Person on May 11, 2012.
6. RPUs were granted on May 6, 2009, and vest at the rate of 20% annually beginning on May 6th of each year during the vesting period. Securities were converted into shares of class A common stock and distributed to the Reporting Person on May 11, 2012.
7. RPUs were granted on May 7, 2008, and vest at the rate of 20% annually beginning on May 7th of each year during the vesting period. Securities were converted into shares of class A common stock and distributed to the Reporting Person on May 11, 2012.
Robert S. Shaw, Power of Attorney 05/15/2012
** 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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