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)
Chief Sales & Solutions Off
(Last)          (First)          (Middle)

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

1/23/2019
(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   1/23/2019     M    894.9892   A $0.0000   35751.2736   (1) D    
Class A Common Stock   1/23/2019     M    879.3236   A $0.0000   36630.5972   (1) D    
Class A Common Stock   1/23/2019     M    694.4483   A $0.0000   37325.0455   (1) D    
Class A Common Stock   1/23/2019     M    528.1254   A $0.0000   37853.1709   (1) D    
Class A Common Stock   1/23/2019     M    345.8216   A $0.0000   38198.9925   (1) D    
Class A Common Stock   1/23/2019     F    175.0000   D $97.5600   38023.9925   (1) D    
Class A Common Stock   1/23/2019     F    239.0000   D $97.5600   37784.9925   (1) D    
Class A Common Stock   1/23/2019     F    343.0000   D $97.5600   37441.9925   (1) D    
Class A Common Stock   1/23/2019     F    397.0000   D $97.5600   37044.9925   (1) D    
Class A Common Stock   1/23/2019     F    399.0000   D $97.5600   36645.9925   (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 Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. 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 Date 7. 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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Performance Units     (2) 1/23/2019     M         345.8216      (3) 1/15/2019   Class A Common Stock   345.8216   $0.0000   0.0000   D    
Restricted Performance Units     (2) 1/23/2019     M         694.4483      (3) 1/15/2020   Class A Common Stock   694.4483   $0.0000   694.0000   (4) D    
Restricted Performance Units     (2) 1/23/2019     M         894.9892      (3) 1/15/2021   Class A Common Stock   894.9892   $0.0000   1789.0000   (4) D    
Restricted Performance Units     (2) 1/23/2019     M         528.1254      (3) 1/15/2022   Class A Common Stock   528.1254   $0.0000   1585.0000   (4) D    
Restricted Performance Units     (2) 1/23/2019     M         879.3236      (3) 1/15/2023   Class A Common Stock   879.3236   $0.0000   3519.0000   (4) D    

Explanation of Responses:
(1)  Includes 1,847.6191 shares in the Reporting Person's 401(k) account.
(2)  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.
(3)  RPUs vest ratably over five years from the date of grant.
(4)  Includes dividend equivalent units attributed to the RPUs.

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

Chief Sales & Solutions Off

Signatures
Stephen Knapp, Power of Attorney 1/25/2019
** Signature of Reporting Person Date


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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