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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(Print or Type Responses)
1. Name and Address of Reporting Person *
  Gutmann Kathleen M.
2. Date of Event Requiring Statement (Month/Day/Year)
06/12/2014
3. Issuer Name and Ticker or Trading Symbol
UNITED PARCEL SERVICE INC [UPS]
(Last)
(First)
(Middle)
55 GLENLAKE PARKWAY, NE
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 Original Filed(Month/Day/Year)
(Street)

ATLANTA, GA 30328
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 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 18,794.5525
D
 

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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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 of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Option to Purchase UPS Class A Common 05/10/2012 05/08/2017 Class A Common Stock 1,327 $ 70.9 D  
Option to Purchase UPS Class A Common 05/10/2010 05/08/2015 Class A Common Stock 1,173 $ 72.07 D  
Option to Purchase UPS Class A Common 05/04/2012(1) 05/04/2021 Class A Common Stock 3,069 $ 74.25 D  
Option to Purchase UPS Class A Common 03/01/2013(2) 03/01/2022 Class A Common Stock 3,505 $ 76.89 D  
Option to Purchase UPS Class A Common 05/02/2011 04/29/2016 Class A Common Stock 1,123 $ 80.88 D  
Option to Purchase UPS Class A Common 03/01/2014(3) 03/01/2023 Class A Common Stock 3,498 $ 82.87 D  
Option to Purchase UPS Class A Common 03/04/2015(4) 03/04/2024 Class A Common Stock 2,726 $ 96.98 D  
Phantom Stock Units   (5)   (5) Class A Common Stock 1,862.8477 $ (6) D  
Restricted Performance Units   (7) 01/15/2017 Class A Common Stock 1,355.8051 $ (8) D  
Restricted Performance Units   (9) 01/15/2018 Class A Common Stock 1,319.326 $ (8) D  
Restricted Performance Units   (10) 01/15/2019 Class A Common Stock 1,512.7362 $ (8) D  
Restricted Performance Units   (11) 05/04/2016 Class A Common Stock 867.5839 $ (12) D  
Restricted Performance Units   (13) 05/05/2015 Class A Common Stock 337.1701 $ (12) D  
Restricted Stock Units   (14) 10/15/2014 Class A Common Stock 102.9667 $ (15) D  
Restricted Stock Units   (16) 10/15/2015 Class A Common Stock 295.6471 $ (15) D  
Restricted Stock Units 01/31/2015 01/31/2015 Class A Common Stock 3,237.3428 $ (17) D  
Restricted Stock Units 01/31/2016 01/31/2016 Class A Common Stock 1,690.9417 $ (17) D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Gutmann Kathleen M.
55 GLENLAKE PARKWAY, NE
ATLANTA, GA 30328
      Senior Vice President  

Signatures

William L. Lyons, Power of Attorney 06/24/2014
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) Securities vest at the rate of 20% annually beginning May 4, 2012.
(2) Securities vest at the rate of 20% annually beginning March 1, 2013.
(3) Securities vest at the rate of 20% annually beginning March 1, 2014.
(4) Securities vest at the rate of 20% annually beginning March 4, 2015.
(5) The settlement date of the phantom stock generally will be the earlier of death, disability, retirement or termination of employment.
(6) One unit is equivalent to one share of UPS Class A Common stock.
(7) Securities vest at the rate of 20% annually. Vesting began January 15, 2013.
(8) 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.
(9) Securities vest at the rate of 20% annually. Vesting began January 15, 2014.
(10) Securities vest at the rate of 20% annually. Vesting begins January 15, 2015.
(11) Securities vest at the rate of 20% annually. Vesting began May 4, 2012.
(12) 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.
(13) Securities vest at the rate of 20% annually. Vesting began May 5, 2011.
(14) Securities vest at the rate of 20% annually. Vesting began October 15, 2010.
(15) 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.
(16) Securities vest at the rate of 20% annually. Vesting began October 15, 2011.
(17) 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.

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