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 *
Cesarone Nando
   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)
President, US Operations
(Last)
(First)
(Middle)
55 GLENLAKE PARKWAY, NE		 3. Date of Earliest Transaction (Month/Day/Year)
02/03/2022
(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 02/03/2022   M   2,741 A $ 105.54 16,737.3552 (1) D  
Class A Common Stock 02/03/2022   M   1,691 A $ 111.8 18,428.3552 (1) D  
Class A Common Stock 02/03/2022   M   757 A $ 106.43 19,185.3552 (1) D  
Class A Common Stock 02/03/2022   M   735 A $ 106.87 19,920.3552 (1) D  
Class A Common Stock 02/03/2022   M   632 A $ 104.45 20,552.3552 (1) D  
Class A Common Stock 02/03/2022   M   573 A $ 98.77 21,125.3552 (1) D  
Class A Common Stock 02/03/2022   F   1,745 D $ 229.9 19,380.3552 (1) D  
Class A Common Stock 02/03/2022   S   5,384 D $ 229.8026 (2) 13,996.3552 (1) D  
Class B Common Stock               1 D  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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 control number. SEC 1474 (9-02)

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
Option to Purchase Class A Common $ 105.54 02/03/2022   M     2,741   (3) 02/12/2030 Class A Common Stock 2,741 $ 0 10,968 D  
Option to Purchase Class A Common $ 111.8 02/03/2022   M     1,691   (4) 02/14/2029 Class A Common Stock 1,691 $ 0 5,075 D  
Option to Purchase Class A Common $ 106.43 02/03/2022   M     757   (5) 03/01/2028 Class A Common Stock 757 $ 0 1,513 D  
Option to Purchase UPS Class A Common $ 106.87 02/03/2022   M     735   (6) 03/01/2027 Class A Common Stock 735 $ 0 735 D  
Option to Purchase UPS Class A Common $ 98.77 02/03/2022   M     573   (7) 03/02/2026 Class A Common Stock 573 $ 0 0 D  
Option to Purchase UPS Class A Common $ 104.45 02/03/2022   M     632   (8) 03/22/2028 Class A Common Stock 632 $ 0 1,266 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Cesarone Nando
55 GLENLAKE PARKWAY, NE
ATLANTA, GA 30328		       President, US Operations  

Signatures

 Eli Brown, Power of Attorney   02/04/2022
**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 230.8218 shares in the reporting person's 401(k) account.
(2) The price shown is the weighted average price at which shares were sold in multiple sales transactions made pursuant to a single market order. The range of prices for the transactions made was $229.7500 to $229.8500.Upon request by SEC staff, the issuer or a security holder of the issuer, the reporting person will provide full information regarding the number of shares sold at each separate price.
(3) Option to purchase 13,709 shares granted on February 12, 2020 vests 20% annually beginning on February 12, 2021
(4) Option to purchase 8,457 shares granted on February 14, 2019 vests 20% annually beginning on February 14, 2020.
(5) Option to purchase 3,782 shares granted on March 1, 2018 vests 20% annually beginning on March 1, 2019.
(6) Option to purchase 3,673 shares granted on March 1, 2017 vests 20% annually beginning on March 1, 2018.
(7) Option to purchase 2,864 shares granted on March 2, 2016 vests 20% annually beginning on March 2, 2017.
(8) Option to purchase 3,163 shares granted on March 22, 2018 vests 20% annually beginning on March 22, 2019.

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