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	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response... 0.5
	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 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
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
	Director	10% Owner	Officer	Other
Gutmann Kathleen M. 55 GLENLAKE PARKWAY, NE ATLANTA, GA 30328			Pres Intl, Healthcare and SCS

Signatures
Eli Brown, Power of Attorney		8/12/2022
**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.