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
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Gutmann Kathleen 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)
Pres Intl, Healthcare and SCS
(Last)          (First)          (Middle)

55 GLENLAKE PARKWAY, NE		 3. Date of Earliest Transaction (MM/DD/YYYY)

8/11/2022
(Street)

ATLANTA, GA 30328
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
 6. Individual or Joint/Group Filing (Check Applicable Line)

_X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 		2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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 8/11/2022  M  10198.0000 A$106.8700 112789.4811 (1)D  
Class A Common Stock 8/11/2022  M  7603.0000 A$98.7700 120392.4811 (1)D  
Class A Common Stock 8/11/2022  M  6974.0000 A$101.9300 127366.4811 (1)D  
Class A Common Stock 8/11/2022  M  2726.0000 A$96.9800 130092.4811 (1)D  
Class A Common Stock 8/11/2022  F  6194.0000 D$204.5000 123898.4811 (1)D  
Class A Common Stock 8/11/2022  S  21307.0000 D$204.5072 102591.4811 (1)D  

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)		2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date7. Title and Amount of Securities Underlying Derivative Security
(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Option to Purchase UPS Class A Common $106.8700 8/11/2022  M     10198.0000   (2)3/1/2027 Class A Common Stock 10198.0000 $0.0000 0.0000 D  
Option to Purchase UPS Class A Common $101.9300 8/11/2022  M     6974.0000   (3)3/2/2025 Class A Common Stock 6974.0000 $0.0000 0.0000 D  
Option to Purchase UPS Class A Common $98.7700 8/11/2022  M     7603.0000   (4)3/2/2026 Class A Common Stock 7603.0000 $0.0000 0.0000 D  
Option to Purchase UPS Class A Common $96.9800 8/11/2022  M     2726.0000   (5)3/4/2024 Class A Common Stock 2726.0000 $0.0000 0.0000 D  
Explanation of Responses:
(1) Includes 2,251.3641 shares in the reporting person's 401(k) account.
(2) Option to purchase 10,198 shares granted on March 1, 2017.
(3) Option to purchase 6,974 shares granted on March 2, 2015.
(4) Option to purchase 7,603 shares granted on March 2, 2016.
(5) Option to purchase 2,726 shares granted on March 4, 2014.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Gutmann Kathleen M.
55 GLENLAKE PARKWAY, NE
ATLANTA, GA 30328

Pres Intl, Healthcare and SCS
Signatures
Eli Brown, Power of Attorney8/12/2022
**Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
*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).
Note:File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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.
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