SEC Form 4 · accession 0001225208-19-001295
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
Jan 23, 2019
Accepted (ET)
Jan 25, 2019 · 5:11 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001090727
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common StockF1 | Jan 23, 2019 | M | 853 | $0.00 | A | 2,878 | D | |
| Class A Common StockF1 | Jan 23, 2019 | M | 380 | $0.00 | A | 3,259 | D | |
| Class A Common StockF1 | Jan 23, 2019 | M | 250 | $0.00 | A | 3,509 | D | |
| Class A Common StockF1 | Jan 23, 2019 | F | 118 | $97.56 | D | 3,391 | D | |
| Class A Common StockF1 | Jan 23, 2019 | F | 169 | $97.56 | D | 3,222 | D | |
| Class A Common StockF1 | Jan 23, 2019 | F | 430 | $97.56 | D | 2,792 | D | |
| Class B Common Stock | holding | — | — | — | 1 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Performance UnitsF2,F3 | — | Jan 23, 2019 | M | 853 | D | — | Jan 15, 2019 | Class A Common Stock | 853 | 0 | D |
| Restricted Performance UnitsF4,F2,F3 | — | Jan 23, 2019 | M | 250 | D | — | Jan 15, 2020 | Class A Common Stock | 250 | 750 | D |
| Restricted Performance UnitsF4,F2,F3 | — | Jan 23, 2019 | M | 380 | D | — | Jan 15, 2021 | Class A Common Stock | 380 | 1,523 | D |
Explanation of responses
- F1Includes 36.3201 shares in the Reporting Person's 401(k) account.
- F2Represents 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.
- F3RPUs vest 20% the first year, 20% the second year and 60% the third year.
- F4Includes dividend equivalent units attributed to the RPUs.