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 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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(Print or Type Responses)
1. Name and Address of Reporting Person *
KUEHN KURT P
   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)
CFO & Senior Vice President
(Last)
(First)
(Middle)
55 GLENLAKE PARKWAY, NE		 3. Date of Earliest Transaction (Month/Day/Year)
10/26/2012
(Street)

ATLANTA, GA 30328		 4. If Amendment, Date 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
(City)
(State)
(Zip)
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 08/24/2012   G V 200 D $ 0 79,966.1216 D  
Class A Common Stock 10/26/2012   M   306.2783 A $ 72.59 80,314.7548 D  
Class A Common Stock 10/26/2012   M   282.7255 A $ 72.59 80,597.4803 D  
Class A Common Stock 10/26/2012   M   216.386 A $ 72.59 80,813.8663 D  
Class A Common Stock 10/26/2012   M   213.3697 A $ 72.59 81,027.236 D  
Class A Common Stock 10/26/2012   F   90.5754 D $ 72.59 80,936.6606 D  
Class A Common Stock 10/26/2012   F   91.8559 D $ 72.59 80,844.8047 D  
Class A Common Stock 10/26/2012   F   120.0168 D $ 72.59 80,724.7879 D  
Class A Common Stock 10/26/2012   F   130.015 D $ 72.59 80,594.7729 (1) D  
Class A Common Stock               1,120.0281 I Child
Class A Common Stock               532 I Family Member
Class A Common Stock               1,364 I Spouse

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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 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
Restricted Stock Units (2) 10/26/2012   M     213.3697   (3) 10/15/2012 Class A Common Stock 213.3697 $ 0 0 (4) D  
Restricted Stock Units (2) 10/26/2012   M     306.2783   (3) 10/15/2013 Class A Common Stock 306.2783 $ 0 306 (4) D  
Restricted Stock Units (2) 10/26/2012   M     216.386   (3) 10/15/2014 Class A Common Stock 216.386 $ 0 433 (4) D  
Restricted Stock Units (2) 10/26/2012   M     282.7255   (3) 10/15/2015 Class A Common Stock 282.7255 $ 0 847 (4) D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
KUEHN KURT P
55 GLENLAKE PARKWAY, NE
ATLANTA, GA 30328		       CFO & Senior Vice President  

Signatures

 Robert S. Shaw, Power of Attorney   10/26/2012
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) Includes 59.2898 shares acquired in the Reporting Person's 401(k) account between May 12, 2012 and October 26, 2012, and 133.5328 shares acquired in the Reporting Person's Discounted Employee Stock Purchase Plan account between March 30, 2012 and October 26, 2012.
(2) 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.
(3) RSUs vest at the rate of 20% on October 15th of each year during the vesting period.
(4) Includes 77.7595 Dividend Equivalent Units acquired in the Restricted Stock Unit Plan account between October 29, 2011 and October 25, 2012.

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