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 *
WARREN KEVIN M
  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)
Chief Marketing Officer
(Last)
(First)
(Middle)
55 GLENLAKE PARKWAY, NE
3. Date of Earliest Transaction (Month/Day/Year)
08/01/2022
(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 08/01/2022   J(1)   13,100 D $ 0 13,285.3582 (2) D  
Class B Common Stock 08/01/2022   J(1)   13,100 A $ 0 13,100 D  
Class A Common Stock 08/02/2022   M   6,589 A $ 111.8 19,874.3582 (2) D  
Class A Common Stock 08/02/2022   M   6,216 A $ 105.54 26,090.3582 (2) D  
Class A Common Stock 08/02/2022   F   2,539 D $ 194 23,551.3582 (2) D  
Class A Common Stock 08/02/2022   S   10,266 D $ 194.8113 13,285.3582 (2) D  
Class B Common Stock 08/02/2022   S   13,100 D $ 192.1352 (3) 0 D  
Class A Common Stock               19,047 I Trust

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
Option to Purchase Class A Common $ 105.54 08/02/2022   M     6,216   (4) 02/12/2030 Class A Common Stock 6,216 $ 0 9,325 D  
Option to Purchase Class A Common $ 111.8 08/02/2022   M     6,589   (5) 02/14/2029 Class A Common Stock 6,589 $ 0 4,394 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
WARREN KEVIN M
55 GLENLAKE PARKWAY, NE
ATLANTA, GA 30328
      Chief Marketing Officer  

Signatures

 Eli Brown, Power of Attorney   08/03/2022
**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) Conversion of shares of Class A common stock into Class B common stock in accordance with the terms thereof.
(2) Includes 282.2573 shares in the reporting person's 401(k) account.
(3) 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 $192.07 to $192.38. 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.
(4) Option to purchase 15,541 shares granted on February 12, 2020 vests 20% annually beginning on February 12, 2021.
(5) Option to purchase 10,983 shares granted on February 14, 2019 vests 20% annually beginning on February 14, 2020.

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