SEC FORM 3

SEC Form 3

FORM 3

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

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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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1. Name and Address of Reporting Person^*

Finley Teresa M.

(Last)

(First)

(Middle)

55 GLENLAKE PARKWAY, NE

(Street)

ATLANTA

30328

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
01/01/2015

3. Issuer Name and Ticker or Trading Symbol
UNITED PARCEL SERVICE INC [ UPS ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Senior Vice President

5. 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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Class A Common Stock	42,823.9465	D
Class B Common Stock	348	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Phantom Stock Units	⁽¹⁾	⁽¹⁾	Class A Common Stock	5,996.4039	⁽²⁾	D
Restricted Performance Units	⁽³⁾	01/15/2017	Class A Common Stock	1,216.3191	⁽⁴⁾	D
Restricted Performance Units	⁽⁵⁾	01/15/2018	Class A Common Stock	1,211.187	⁽⁴⁾	D
Restricted Performance Units	⁽⁶⁾	01/15/2019	Class A Common Stock	1,414.0627	⁽⁴⁾	D
Restricted Performance Units	⁽⁷⁾	05/04/2016	Class A Common Stock	728.9508	⁽⁸⁾	D
Restricted Performance Units	⁽⁹⁾	05/05/2015	Class A Common Stock	394.551	⁽⁸⁾	D
Restricted Stock Units	⁽¹⁰⁾	10/15/2015	Class A Common Stock	173.0437	⁽¹¹⁾	D
Restricted Stock Units	01/31/2015	01/31/2015	Class A Common Stock	1,530.4251	⁽¹²⁾	D
Restricted Stock Units	01/31/2016	01/31/2016	Class A Common Stock	816.637	⁽¹²⁾	D

Explanation of Responses:

1. The settlement date of the phantom stock generally will be the earlier of death, disability, retirement or termination of employment.

2. One unit is equivalent to one share of UPS Class A Common stock.

3. Securities vest at the rate of 20% annually. Vesting began January 15, 2013.

4. Represents Restricted Performance Units (RPUs) granted as Management Incentive Awards under the United Parcel Service, Inc. Incentive Compensation Plan. Each RPU represents the right to receive one share of Class A common stock.

5. Securities vest at the rate of 20% annually. Vesting began January 15, 2014.

6. Securities vest at the rate of 20% annually. Vesting began January 15, 2015.

7. Securities vest at the rate of 20% annually beginning on May 4, 2012.

8. 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.

9. Securities vest at the rate of 20% annually. Vesting began May 5, 2011.

10. Securities vest at the rate of 20% annually. Vesting began October 15, 2011.

11. Represents Restricted Stock Units (RSUs) granted as Management Incentive Awards under the United Parcel Service, Inc. Incentive Compensation Plan. Each RSU represents the right to receive one share of Class A common stock.

12. Represents Restricted Stock Units (RSUs) granted as Long-term Incentive Performance Awards under the United Parcel Service, Inc. Incentive Compensation Plan. These RSUs will convert into shares of UPS Class A common stock on a one for one basis.

	William L. Lyons, Power of Attorney	01/09/2015
	** 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 5 (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.