SEC Form 4 · accession 0001225208-18-007730
UNITED PARCEL SERVICE INC · UPS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Nando Cesarone
Officer — President, UPS International
Period of report
Apr 13, 2018
Accepted (ET)
Apr 13, 2018 · 4:06 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001090727
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Performance UnitsF1,F2 | — | Apr 13, 2018 | A | 1,859 | A | — | Jan 15, 2021 | Class A Common Stock | 1,859 | 1,859 | D |
Explanation of responses
- F1Represents 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.
- F2Securities vest at the rate of 20% the first year, 20% the second year and 60% the third year. Vesting begins January 15, 2019.