Statement of Changes in Beneficial Ownership (4)

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 ^* Thomas Charlene A	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 Human Resources Officer
(Last) (First) (Middle) 55 GLENLAKE PARKWAY, NE	3. Date of Earliest Transaction (MM/DD/YYYY) 1/22/2020
(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)
1.Title of Security (Instr. 3)	2. Trans. Date	2A. Deemed Execution Date, if any	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	1/22/2020		M		205.1915	A	$0.0000	3335.7970 ⁽¹⁾	D
Class A Common Stock	1/22/2020		M		181.4624	A	$0.0000	3517.2594 ⁽¹⁾	D
Class A Common Stock	1/22/2020		M		169.4687	A	$0.0000	3686.7281 ⁽¹⁾	D
Class A Common Stock	1/22/2020		M		148.0773	A	$0.0000	3834.8054 ⁽¹⁾	D
Class A Common Stock	1/22/2020		F		80.0000	D	$117.9300	3754.8054 ⁽¹⁾	D
Class A Common Stock	1/22/2020		F		94.0000	D	$117.9300	3660.8054 ⁽¹⁾	D
Class A Common Stock	1/22/2020		F		99.0000	D	$117.9300	3561.8054 ⁽¹⁾	D
Class A Common Stock	1/22/2020		F		117.0000	D	$117.9300	3444.8054 ⁽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)
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)			11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Performance Units	⁽²⁾	1/22/2020		M			148.0773	⁽³⁾	1/15/2020	Class A Common Stock	148.0773	$0.0000	0.0000	D
Restricted Performance Units	⁽²⁾	1/22/2020		M			181.4624	⁽³⁾	1/15/2021	Class A Common Stock	181.4624	$0.0000	182.0000 ⁽⁴⁾	D
Restricted Performance Units	⁽²⁾	1/22/2020		M			169.4687	⁽³⁾	1/15/2022	Class A Common Stock	169.4687	$0.0000	340.0000 ⁽⁴⁾	D
Restricted Performance Units	⁽²⁾	1/22/2020		M			205.1915	⁽³⁾	1/15/2023	Class A Common Stock	205.1915	$0.0000	617.0000 ⁽⁴⁾	D

Explanation of Responses:
(1)	Includes 332.7759 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
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
Thomas Charlene A 55 GLENLAKE PARKWAY, NE ATLANTA, GA 30328			Chief Human Resources Officer