Ownership Submission

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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3235-0104

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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

Wallace Mark R.

2. Date of Event Requiring Statement (Month/Day/Year)
05/15/2015

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	16,107.1914	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)
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		6. Nature of Indirect Beneficial Ownership (Instr. 5)
Option to Purchase UPS Class A Common	⁽¹⁾	02/28/2025	Class A Common Stock	3,000	$ 101.93	D
Restricted Performance Units	⁽²⁾	01/15/2017	Class A Common Stock	670.8352	$ ⁽³⁾	D
Restricted Performance Units	⁽⁴⁾	01/15/2018	Class A Common Stock	735.2999	$ ⁽³⁾	D
Restricted Performance Units	⁽⁵⁾	01/15/2019	Class A Common Stock	916.6067	$ ⁽³⁾	D
Restricted Performance Units	⁽⁶⁾	01/15/2020	Class A Common Stock	1,431	$ ⁽³⁾	D
Restricted Performance Units	⁽⁷⁾	05/04/2016	Class A Common Stock	302	$ ⁽⁸⁾	D
Restricted Stock Units	⁽⁹⁾	10/15/2015	Class A Common Stock	145.9256	$ ⁽¹⁰⁾	D
Restricted Stock Units	01/31/2016	01/31/2016	Class A Common Stock	1,344.0719	$ ⁽¹¹⁾	D

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
Wallace Mark R. 55 GLENLAKE PARKWAY, NE ATLANTA, GA 30328			Senior Vice President

Signatures

William L. Lyons, Power of Attorney		05/26/2015
^**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 March 2, 2016.
(2)	Securities vest at the rate of 20% annually. Vesting began January 15, 2013.
(3)	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.
(4)	Securities vest at the rate of 20% annually. Vesting began January 15, 2014.
(5)	Securities vest at the rate of 20% annually. Vesting began January 15, 2015.
(6)	Securities vest at the rate of 20% annually beginning January 15, 2016.
(7)	Securities vest at the rate of 20% annually. Vesting began 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 October 15, 2011.
(10)	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.
(11)	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.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, See Instruction 6 for procedure.

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