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NED DAVIS RESEARCH
> UPS
| Date | Name | Ticker | Shares | Change | Value | Change | Price |
| 06/30/2011 | UNITED PARCEL SERVICE INC | UPS | 0 | -12,494 | 0 | -928,530 | |
| 03/31/2011 | UNITED PARCEL SERVICE INC | UPS | 12,494 | -20,906 | 928,530 | -1,495,640 | $74.32 |
| 12/31/2010 | UNITED PARCEL SERVICE INC | UPS | 33,400 | 33,400 | 2,424,170 | 2,424,170 | $72.58 |
| 09/30/2009 | UNITED PARCEL SERVICE INC | UPS | 0 | -8,250 | 0 | -412,420 | |
| 06/30/2009 | UNITED PARCEL SERVICE INC | UPS | 8,250 | -4,650 | 412,420 | -222,520 | $49.99 |
| 03/31/2009 | UNITED PARCEL SERVICE INC | UPS | 12,900 | 6,800 | 634,940 | 298,460 | $49.22 |
| 12/31/2008 | UNITED PARCEL SERVICE INC | UPS | 6,100 | 1,600 | 336,480 | 53,470 | $55.16 |
| 09/30/2008 | UNITED PARCEL SERVICE INC | UPS | 4,500 | 4,500 | 283,010 | 283,010 | $62.89 |
| 06/30/2008 | UNITED PARCEL SERVICE INC | UPS | 13,200 | -100 | 811,400 | -159,770 | $61.47 |
| 03/31/2008 | UNITED PARCEL SERVICE INC | UPS | 13,300 | 5,800 | 971,170 | 441,170 | $73.02 |
| 12/31/2007 | UNITED PARCEL SERVICE INC | UPS | 7,500 | 7,500 | 530,000 | 530,000 | $70.67 |
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