Delaware
(State or other jurisdiction
of incorporation or organization) |
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58-2480149
(I.R.S. Employer Identification Number)
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Copy to:
Jeffrey M. Stein
King & Spalding LLP
1180 Peachtree Street
Atlanta, Georgia 30309
(404) 572-4600
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Copy to:
Andrew L. Fabens
Gibson, Dunn & Crutcher LLP
200 Park Avenue
New York, New York 10166
(212) 351-4000
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Title of Each Class of
Securities to be Registered
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Amount to be Registered/Proposed Maximum Offering Price Per Unit/Proposed Maximum
Aggregate Offering Price/Amount of Registration Fee (1) (2)
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Debt securities
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Preferred stock
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Class B common stock
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Warrants
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(1 ) An indeterminate aggregate initial offering price or number of the securities of each identified class is being registered as may from time to time be issued at indeterminate prices. In reliance on Rule 456(b) and Rule 457(r) under the Securities Act, the registrant hereby defers payment of the registration fee required in connection with this registration statement. Separate consideration may or may not be received for securities that are issuable on exercise, conversion or exchange of other securities.
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(2) Any securities registered hereunder may be sold separately or as units with other securities registered hereunder.
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a.
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Annual Report on Form 10-K for the year ended December 31, 2012 (including the portions of our Proxy Statement on Schedule 14A, filed on March 18, 2013, incorporated by reference therein);
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b.
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Quarterly Reports on Form 10-Q for the quarters ended March 31, 2013, June 30, 2013 and September 30, 2013;
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c.
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Current Reports on Form 8-K filed January 28, 2013, February 19, 2013, March 29, 2013, May 7, 2013, June 27, 2013, July 2, 2013 and July 12, 2013; and
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d.
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the description of UPS’s class B common stock, $.01 par value per share, set forth in the registration statement on Form 8-A filed on November 4, 1999 with the SEC pursuant to Section 12 of the Exchange Act, including any amendment or report filed with the SEC for the purpose of updating this description.
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general economic conditions, both in the U.S. and internationally;
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significant competition we face on a local, regional, national, and international basis;
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changes in our relationships with our significant customers;
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complex and stringent aviation, transportation, environmental, security, labor, employment, and other governmental laws and regulations;
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increased security requirements as a result of concerns about global terrorism and homeland security;
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concern over global climate change or by legal, regulatory or market responses to such potential change;
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strikes, work stoppages and slowdowns by our employees;
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changing prices of energy, including gasoline, diesel and jet fuel, and interruptions in supplies of these commodities;
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changes in exchange rates or interest rates;
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maintaining our brand image and corporate reputation;
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a significant privacy breach involving the storage and transmission of proprietary information or confidential data or major disruptions to our technology infrastructure;
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severe weather or other natural or manmade disasters;
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correctly forecasting our future capital investment needs;
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risks related to doing business internationally, including in emerging markets;
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possible substantial write-downs of the carrying value of our assets due to changes in markets and our business plans;
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significant employee health and retiree health and pension benefit costs;
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exposure to claims and lawsuits;
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failure to realize the anticipated benefits of acquisitions, joint ventures or strategic alliances;
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increased insurance and claims expenses; and
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other risks discussed in our Annual Report on Form 10-K for the year ended December 31, 2012 and other filings with the SEC, which filings are available from the SEC.
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the title of the debt securities;
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any limit on the aggregate principal amount of the debt securities;
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the person or entity to whom any interest on the debt securities will be payable;
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the date or dates on which the principal, premium, if any, or other form or type of consideration to be paid upon maturity on the debt securities, which we call the maturity consideration, will be payable or the method of determining maturity dates;
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the rate or rates at which the debt securities will bear interest, if any, or any method by which the rate or rates will be determined, the date or dates from which any interest will accrue, the interest payment dates on which any interest will be payable and the regular record date for any interest on any interest payment date;
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any redemption dates, prices, rights, obligations and restrictions on the debt securities;
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any mandatory or optional sinking fund, purchase fund or similar provisions;
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whether payments of principal of or any premium or interest will be determined by an index, formula or other method and the manner in which these amounts will be determined;
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the currency or currency unit in which principal and interest will be paid if other than U.S. dollars and whether the holder may elect payment to be made in a different currency;
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the portion of the principal amount of the debt securities payable upon the acceleration of the maturity of the debt securities if other than the full principal amount;
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if the principal amount payable at the stated maturity of the debt securities will not be determinable as of any one or more dates prior to the stated maturity, the amount that will be deemed to be the principal amount of the debt securities as of any such date for any purpose, including the principal amount of the debt securities that will be due and payable upon any maturity other than the stated maturity or that will be deemed to be outstanding as of any date prior to the stated maturity;
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whether the debt securities will be defeasible, in whole or any specified part, and whether some of our covenants will be defeasible and, if other than by a resolution of our board of directors or executive committee, the manner in which any election by us to defease the debt securities or covenants will be evidenced;
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whether the debt securities will be issued in permanent global form and the circumstances under which the permanent global debt security may be exchanged;
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whether, and the terms and conditions relating to when, we may satisfy some of our obligations with respect to the debt securities with regard to payment upon maturity, or any redemption or required repurchase or in connection with any exchange provisions by delivering to the holders securities (whether or not issued by, or the obligations of, us), cash or a combination of cash, securities and/or property;
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any conversion or exchange provisions;
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any terms for the attachment to the debt securities of warrants, options or other rights to purchase or sell our securities;
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any deletion of, addition to or change in the Events of Default and any change in the right of the trustee or the requisite holders of the debt securities to declare the principal amount due and payable;
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any deletion of, addition to or change in the covenants that apply to the debt securities;
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terms relating to the delivery of debt securities if they are to be issued upon the exercise of warrants;
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whether and on what terms we will pay additional amounts to holders of the debt securities that are not U.S. persons for any tax assessment or governmental charge withheld or deducted and, if so, whether and on what terms we will have the option to redeem the debt securities rather than pay the additional amounts;
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additional terms with respect to book-entry procedures; and
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any other material terms of the debt securities not specified in this prospectus. (Section 3.01)
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either we are the continuing corporation or the Person formed by any consolidation or into which we are merged or the Person that acquires by conveyance, transfer, or lease all or substantially all of our properties and assets shall be:
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organized and validly existing under the laws of the United States of America, any State thereof or the District of Columbia; and
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shall expressly assume all of our obligations under the debt securities and the indenture;
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immediately after giving effect to such transaction, no Event of Default, and no event that, after notice or lapse of time or both, would become an Event of Default, shall have occurred and be continuing; and
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we or such Person has delivered to the trustee an officer’s certificate and an opinion of counsel stating that such consolidation, merger, conveyance, transfer or lease and any supplemental indenture required in connection with such transaction comply with the applicable provisions of the indenture and that all conditions precedent in the indenture provided for or relating to such transaction have been satisfied.
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the aggregate amount of all Secured Indebtedness then outstanding (not including in this computation Secured Indebtedness if the debt securities are secured equally and ratably with (or prior to) such Secured Indebtedness and further not including in this computation any Secured Indebtedness that is concurrently being retired); and
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the aggregate amount of all Attributable Debt then outstanding pursuant to Sale and Leaseback Transactions entered into by us after January 26, 1999, or entered into by a Restricted Subsidiary after January 26, 1999 or, if later, the date on which it became a Restricted Subsidiary (not including in this computation any Attributable Debt that is concurrently being retired);
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the Attributable Debt to be outstanding pursuant to such Sale and Leaseback Transaction;
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all Attributable Debt then outstanding pursuant to all other Sale and Leaseback Transactions entered into by us after January 26, 1999, or entered into by a Restricted Subsidiary after January 26, 1999 or, if later, the date on which it became a Restricted Subsidiary; and
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the aggregate of all Secured Indebtedness then outstanding (not including in this computation Secured Indebtedness if the debt securities are secured equally and ratably with (or prior to) such Secured Indebtedness);
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the net proceeds to us or the Restricted Subsidiary of the sale of the Principal Property sold and leased back pursuant to such Sale and Leaseback Transaction; and
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the amount of Attributable Debt to be outstanding pursuant to such Sale and Leaseback Transaction;
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a.
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the rental payments to be paid under such Sale and Leaseback Transaction until the first date (after the date of such determination) upon which it may be so terminated plus the then applicable penalty upon such termination; and
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b.
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the rental payments required to be paid during the remaining term of such Sale and Leaseback Transaction (assuming such termination provision is not exercised).
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a.
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any liability of any Person:
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1.
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for borrowed money, or under any reimbursement obligation relating to a letter of credit; or
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2.
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evidenced by a bond, note, debenture or similar instrument, including a purchase money obligation, given in connection with the acquisition of any businesses, properties or assets of any kind or with services incurred in connection with capital expenditures, other than a trade payable or a current liability arising in the ordinary course of business; or
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for the payment of money relating to a Capitalized Lease Obligation; or
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for Interest Rate Protection Obligations;
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b.
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any liability of others described in the preceding clause (a) that the Person has guaranteed or that is otherwise its legal liability; and
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c.
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any amendment, supplement, modification, deferral, renewal, extension or refunding of any liability of the types referred to in clauses (a) and (b) above.
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a.
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all trade names, trademarks, licenses, patents, copyrights and goodwill;
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b.
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organizational and development costs;
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c.
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deferred charges (other than prepaid items such as insurance, taxes, interest, commissions, rents and similar items and tangible assets being amortized); and
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d.
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unamortized debt discount and expense, less unamortized premium.
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a.
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is owned by or leased to us or any Restricted Subsidiary,
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b.
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is located within the United States, and
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c.
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has an acquisition cost plus capitalized improvements in excess of 0.50% of Consolidated Net Tangible Assets as of the date of that determination, other than:
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any facility, or portion thereof, which has been financed by obligations issued by or on behalf of a State, a Territory or a possession of the United States, or any political subdivision of any of the foregoing, or the District of Columbia, the interest on which is excludable from gross income of the holders thereof (other than a “substantial user” of the related facility or a “related Person” as those terms are used in Section 103 of the Internal Revenue Code) pursuant to the provisions of Section 103 of the Internal Revenue Code (or any similar provision hereafter enacted) as in effect at the time of issuance of the obligations;
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2.
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any facility that our board of directors may by resolution declare is not of material importance to us and the Restricted Subsidiaries taken as a whole; and
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3.
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any facility, or portion thereof, owned or leased jointly or in common with one or more Persons other than us and any Subsidiary and in which the interest of us and all Subsidiaries does not exceed 50%.
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a.
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any Subsidiary:
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1.
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which has substantially all its property within the United States of America;
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which owns or is a lessee of any Principal Property; and
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in which the investment of us and all other Subsidiaries exceeds 0.50% of Consolidated Net Tangible Assets as of the date of the determination; provided, however, that the term “Restricted Subsidiary” shall not include:
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A.
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any Subsidiary (x) primarily engaged in the business of purchasing, holding, collecting, servicing or otherwise dealing in and with installment sales contracts, leases, trust receipts, mortgages, commercial paper or other financing instruments, and any collateral or agreements relating thereto, including in the business, individually or through partnerships, of financing, whether through long- or short-term borrowings, pledges, discounts or otherwise, the sales, leasing or other operations of us and the Subsidiaries or any of them, or (y) engaged in the business of financing the assets and operations of third parties, and (z) in any case, not, except as incidental to such financing business, engaged in owning, leasing or operating any property which, but for this proviso, would qualify as Principal Property; or
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B.
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any Subsidiary acquired or organized after January 26, 1999, for the purpose of acquiring the stock or business or assets of any Person other than us or any Restricted Subsidiary, whether by merger, consolidation, acquisition of stock or assets or similar transaction analogous in purpose or effect, so long as such Subsidiary does not acquire by merger, consolidation, acquisition of stock or assets or similar transaction analogous in purpose or effect all or any substantial part of the business or assets of us or any Restricted Subsidiary; and
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any other Subsidiary that is hereafter designated by our board of directors as a Restricted Subsidiary.
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leases for a term, including renewals at the option of the lessee, of not more than three years;
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b.
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leases between us and a Restricted Subsidiary or between Restricted Subsidiaries; and
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c.
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leases of Principal Property executed by the time of, or within 180 days after the latest of, the acquisition, the completion of construction or improvement (including any improvements on property that will result in the property becoming Principal Property), or the commencement of commercial operation of the Principal Property.
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a.
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Indebtedness of us and the Restricted Subsidiaries outstanding on January 26, 1999, secured by then-existing Liens upon, or incurred in connection with conditional sales agreements or other title retention agreements with respect to Principal Property or Restricted Securities;
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b.
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Indebtedness that is secured by:
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purchase money Liens upon Principal Property acquired after January 26, 1999, or
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2.
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Liens placed on Principal Property after January 26, 1999, during construction or improvement thereof (including any improvements on property which will result in the property becoming Principal Property) or placed thereon within 180 days after the later of acquisition, completion of construction or improvement or the commencement of commercial operation of the Principal Property or improvement, or placed on Restricted Securities acquired after January 26, 1999, or
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conditional sale agreements or other title retention agreements with respect to any Principal Property or Restricted Securities acquired after January 26, 1999, if (in each case referred to in this subparagraph (b)) (x) the related Lien or agreement secures all or any part of the Indebtedness incurred for the purpose of financing all or any part of the purchase price or cost of construction of the Principal Property or improvement or Restricted Securities and (y) the related Lien or agreement does not extend to any Principal Property or Restricted Securities other than the Principal Property so acquired or the Principal Property, or portion thereof, on which the property so constructed or any improvement is located; provided, however, that the amount by which the aggregate principal amount of Indebtedness secured by any Lien or agreement exceeds the cost to us or the Restricted Subsidiary of the related acquisition, construction or improvement will be considered to be “Secured Indebtedness;”
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Indebtedness that is secured by Liens on Principal Property or Restricted Securities, which Liens exist at the time of acquisition (by any manner whatsoever) of the Principal Property or Restricted Securities by UPS or a Restricted Subsidiary;
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d.
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Indebtedness of Restricted Subsidiaries owing to us or any other Restricted Subsidiary and Indebtedness of us owing to any Restricted Subsidiary;
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e.
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In the case of any corporation that becomes (by any manner whatsoever) a Restricted Subsidiary after January 26, 1999, Indebtedness that is secured by Liens upon, or conditional sale agreements or other title retention agreements with respect to, its property that constitutes Principal Property or Restricted Securities, which Liens exist at the time the related corporation becomes a Restricted Subsidiary;
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f.
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Guarantees by us of Secured Indebtedness and Attributable Debt of any Restricted Subsidiaries and guarantees by a Restricted Subsidiary of Secured Indebtedness and Attributable Debt of us and any other Restricted Subsidiaries;
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g.
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Indebtedness arising from any Sale and Leaseback Transaction;
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h.
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Indebtedness secured by Liens on property of us or a Restricted Subsidiary in favor of the United States of America, any State, Territory or possession thereof, or the District of Columbia, or any department, agency or instrumentality or political subdivision of the United States of America or any State, Territory or possession thereof, or the District of Columbia, or in favor of any other country or any political subdivision thereof, if the related Indebtedness was incurred for the purpose of financing all or any part of the purchase price or the cost of construction of the property subject to the Lien; provided, however, that the amount by
which the aggregate principal amount of Indebtedness secured by any Lien exceeds the cost to UPS or the Restricted Subsidiary of the related acquisition or construction will be considered to be “Secured Indebtedness”;
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i.
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Indebtedness secured by Liens on aircraft, airframes or aircraft engines, aeronautic equipment or computers and electronic data processing equipment; and
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j.
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The replacement, extension or renewal, or successive replacements, extensions or renewals, of any Indebtedness, in whole or in part, excluded from the definition of “Secured Indebtedness” by subparagraphs (a) through (i) above; provided, however, that no Lien securing, or conditional sale or title retention agreement with respect to, the Indebtedness will extend to or cover any Principal Property or any Restricted Securities, other than the property that secured the Indebtedness so replaced, extended or renewed, plus improvements on or to any such Principal Property, provided further, however, that to the extent that replacement, extension or renewal increases the principal amount of Indebtedness secured by the Lien or is in a principal amount in excess of the principal amount of Indebtedness excluded from the definition of “Secured Indebtedness” by subparagraphs (a) through (i) above, the amount of the increase or excess will be considered to be “Secured Indebtedness.”
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failure to pay any interest on the debt securities of that series when due, continued for 30 days;
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2.
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failure to pay any principal of or premium on the debt securities of that series when due, whether at the stated maturity or by declaration of acceleration, call for redemption or otherwise;
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failure to deposit any sinking fund payment when due on the debt securities of that series;
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4.
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failure to perform or the breach of any covenant or warranty in the indenture applicable to the debt securities of that series, continued for 60 days after written notice as provided in the indenture; or
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certain events involving our bankruptcy, insolvency or reorganization. (Section 5.01)
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the holder has previously given to the trustee written notice of a continuing Event of Default with respect to the debt securities of that series,
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2.
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the holders of at least 25% in aggregate principal amount, or if the debt securities are not payable at maturity for a fixed principal amount, the aggregate issue price of the outstanding debt securities of that series, have made written request to the trustee to institute a proceeding as trustee,
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the holder or holders have offered to the trustee indemnity satisfactory to the trustee against the costs, expenses and liabilities to be incurred in compliance with such request, and
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the trustee has failed to institute such proceeding, and has not received from the holders of a majority in aggregate principal amount or, if the debt securities are not payable at maturity for a fixed principal amount, the aggregate issue price of the outstanding debt securities of that series, a direction inconsistent with the request, within 60 days after the notice, request and offer. (Section 5.07)
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change the stated maturity of the maturity consideration or any installment of maturity consideration or interest on, any debt security,
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2.
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reduce the principal amount of or reduce the amount or change the type of maturity consideration or reduce the rate of interest on, or any premium payable upon the redemption of, or the amount of maturity consideration of an original issue discount security or any other debt security that would be due and deliverable or payable upon a declaration of acceleration of the maturity thereof upon the occurrence of an Event of Default, of any debt security,
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3.
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change the place of payment where, or the coin or currency in which, any maturity consideration or interest on any debt security are deliverable or payable,
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4.
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impair the right to institute suit for the enforcement of any payment on or with respect to any debt security,
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5.
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reduce the percentage in principal amount or aggregate issue price, as the case may be, of debt securities of any series, the consent of whose holders is required for modification or amendment of the indenture or for waiver of compliance with certain provisions of the indenture or for waiver of certain defaults, or
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modify the requirements contained in the indenture for consent to or approval of certain matters, except to increase any percentage for a consent or approval or to provide that certain other provisions cannot be modified or waived without the consent of the holder of each debt security affected thereby. (Section 9.02)
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issue, register the transfer of or exchange any debt security of that series (or of that series and specified tenor, as the case may be) during a period beginning at the opening of business 15 days before the day of mailing of a notice of redemption of any debt security that may be selected for redemption and ending at the close of business on the day of such mailing, or
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register the transfer of or exchange any debt security so selected for redemption, in whole or in part, except the unredeemed portion of any debt security being redeemed in part. (Section 3.05)
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will not be entitled to have such global security certificates or the debt securities represented by these certificates registered in their names;
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will not receive or be entitled to receive physical delivery of securities certificates in exchange for beneficial interests in global security certificates; and
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will not be considered to be owners or holders of the global security certificates or the debt securities represented by these certificates for any purpose under the instruments governing the rights and obligations of holders of debt securities.
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issue one or more series of preferred stock;
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determine the designation for any series by number, letter or title that shall distinguish the series from any other series of preferred stock; and
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determine the number of shares in any series.
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whether dividends on that series of preferred stock will be cumulative, noncumulative or partially cumulative;
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the dividend rate (or method for determining the rate);
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the liquidation preference per share of that series of preferred stock, if any;
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any conversion provisions applicable to that series of preferred stock;
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any redemption or sinking fund provisions applicable to that series of preferred stock;
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the voting rights of that series of preferred stock, if any; and
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the terms of any other preferences or rights, if any, applicable to that series of preferred stock.
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4,600,000,000 are shares of class A common stock, par value $.01 per share, and
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5,600,000,000 are shares of class B common stock, par value $.01 per share.
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shares of class A common stock have 10 votes per share;
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shares of class B common stock have one vote per share; and
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shares of class A common stock may be converted at any time by the holder into an equal number of shares of class B common stock and, if transferred to certain transferees, are automatically converted into shares of class B common stock immediately upon transfer.
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restrictions on the voting power of any person or group who owns shares having more than 25% of our total voting power (such persons will be entitled to only 1/100 of a vote for each vote in excess of 25% of our voting power);
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no shareowner action by written consent;
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no shareowner ability to call a special meeting;
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no cumulative voting;
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our ability to issue preferred stock without any action on the part of the shareowners;
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advance notice provisions that specify how and when a shareowner may bring business before an annual meeting;
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indemnification of officers and directors and limitations on their liability; and
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supermajority provisions: an 80% vote of our shareowners is required to amend the provisions of our Restated Certificate of Incorporation relating to the prohibition on shareowner action by written consent and the restrictions on the voting power of a shareowner that holds more than 25% of our voting power.
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the title of the warrants;
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the offering price for the warrants, if any;
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the aggregate number of the warrants;
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the designation and terms of the debt securities purchasable upon exercise of the warrants;
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if applicable, the designation and terms of the debt securities that the warrants are issued with and the number of warrants issued with each debt security;
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if applicable, the date from and after which the warrants and any debt securities issued with them will be separately transferable;
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the principal amount of debt securities that may be purchased upon exercise of a warrant and the price at which the debt securities may be purchased upon exercise;
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the dates on which the right to exercise the warrants will commence and expire;
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if applicable, the minimum or maximum amount of the warrants that may be exercised at any one time;
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whether the warrants represented by the warrant certificates or debt securities that may be issued upon exercise of the warrants will be issued in registered or bearer form;
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information relating to book-entry procedures, if any;
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the currency or currency units in which the offering price, if any, and the exercise price are payable;
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if applicable, a discussion of material U.S. federal income tax considerations;
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anti-dilution provisions of the warrants, if any;
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redemption or call provisions, if any, applicable to the warrants; and
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any additional terms of the warrants, including terms, procedures and limitations relating to the exchange and exercise of the warrants.
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the title of the warrants;
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the offering price for the warrants, if any;
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the aggregate number of the warrants;
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if applicable, the designation and terms of the preferred stock that may be purchased upon exercise of the warrants;
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if applicable, the designation and terms of the securities that the warrants are issued with and the number of warrants issued with each security;
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if applicable, the date from and after which the warrants and any securities issued with the warrants will be separately transferable;
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the number of shares of class B common stock or preferred stock that may be purchased upon exercise of a warrant and the price at which the shares may be purchased upon exercise;
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the dates on which the right to exercise the warrants will commence and expire;
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if applicable, the minimum or maximum amount of the warrants that may be exercised at any one time;
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the currency or currency units in which the offering price, if any, and the exercise price are payable;
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if applicable, a discussion of material U.S. Federal income tax considerations;
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anti-dilution provisions of the warrants, if any;
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redemption or call provisions, if any, applicable to the warrants; and
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any additional terms of the warrants, including terms, procedures and limitations relating to the exchange and exercise of the warrants.
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Securities and Exchange Commission Registration Fee
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$
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*
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Trustee’s Fees
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30,000
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Printing and Engraving Expenses
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30,000
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Rating Agency Fees
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2,500,000
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Accounting Fees and Expenses
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200,000
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Legal Fees and Expenses
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200,000
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Listing Fees
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20,000
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Miscellaneous Expenses
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20,000
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Total
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3,000,000
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•
|
to the extent a present or former director or officer of a corporation has been successful on the merits or otherwise in the defense of any action, suit or proceeding referred to in subsections (a) and (b) of Section 145 or in the defense of any claim, issue or matter therein, such person shall be indemnified against expenses, including attorneys’ fees, actually and reasonably incurred by such person in connection therewith;
|
•
|
the indemnification and advancement of expenses provided for pursuant to Section 145 shall not be deemed exclusive of any other rights to which those seeking indemnification or advancement of expenses may be entitled under any bylaw, agreement, vote of stockholders or disinterested directors or otherwise; and
|
•
|
the corporation shall have the power to purchase and maintain insurance of behalf of any person who is or was a director, officer, employee or agent of the corporation, or is or was serving at the request of the corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise, against any liability asserted against such person and incurred by such person in any such capacity, or arising out of such person’s status as such, whether or not the corporation would have the power to indemnify such person against such liability under Section 145.
|
|
|
|
|||
1.1
|
|
|
—
|
|
Form of Underwriting Agreement*
|
|
|
|
|||
1.2
|
|
|
—
|
|
Form of Agency Agreement*
|
|
|
|
|
|
|
3.1
|
|
|
—
|
|
Restated Certificate of Incorporation of United Parcel Service, Inc. (incorporated by reference to Exhibit 3.3 to Form 8-K, filed on May 12, 2010)
|
|
|
|
|
|
|
3.2
|
|
|
—
|
|
Amended and Restated Bylaws of United Parcel Service, Inc. (incorporated by reference to Exhibit 3.1 to Form 8-K, filed on February 19, 2013)
|
|
|
|
|
|
|
4.1
|
|
|
—
|
|
Indenture dated as of August 26, 2003, between UPS and The Bank of New York Mellon Trust Company, N.A. (formerly known as The Bank of New York Trust Company, N.A.), as successor to Citibank, N.A., as Trustee (incorporated by reference to the Registration Statement on Form S-3 (No. 333-108272), filed on August 27, 2003)
|
|
|
|
|
|
|
4.2
|
|
|
—
|
|
Supplemental Indenture dated as of November 15, 2013 between UPS and The Bank of New York Mellon Trust Company, N.A., as Trustee**
|
|
|
|
|||
4.4
|
|
|
—
|
|
Form of Warrant Agreement (including form of Warrant Certificate)*
|
|
|
|
|||
5.1
|
|
|
—
|
|
Opinion of King & Spalding LLP**
|
|
|
|
|||
12.1
|
|
|
—
|
|
Computation of Ratio of Earnings to Fixed Charges (incorporated by reference to Exhibit 12 of the Quarterly Report on Form 10-Q for the quarter ended September 30, 2013)
|
|
|
|
|||
23.1
|
|
|
—
|
|
Consent of Deloitte & Touche LLP**
|
|
|
|
|||
23.2
|
|
|
—
|
|
Consent of King & Spalding LLP (included in Exhibit 5.1)**
|
|
|
|
|||
24.1
|
|
|
—
|
|
Powers of Attorney (included in signature pages)**
|
|
|
|
|
|
|
25.1
|
|
|
—
|
|
Statement of Eligibility and Qualification on Form T-1 of The Bank of New York Mellon Trust Company, N.A., to act as Trustee under the Indenture dated August 26, 2003**
|
*
|
To be filed as an exhibit to a Current Report on Form 8-K and incorporated by reference herein.
|
**
|
Filed herewith.
|
1.
|
To file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement (i) to include any prospectus required by Section 10(a)(3) of the Securities Act of 1933; (ii) to reflect in the prospectus any facts or events arising after the effective date of the registration statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the registration statement; notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than 20% change in the maximum aggregate offering price set forth in the “Calculation of Registration Fee” table in the effective registration statement; and (iii) to include any material information with respect to the plan of distribution not previously disclosed in the registration statement or any material change to such information in the registration statement. Provided, however, that paragraphs (i), (ii) and (iii) do not apply if the information required to be included in a post-effective amendment by those paragraphs is contained in reports filed with or furnished to the Commission by the registrant pursuant to Section 13 or Section 15(d) of the Securities Exchange Act of 1934 that are incorporated by reference in the registration statement, or is contained in a form of prospectus filed pursuant to Rule 424(b) that is part of the registration statement.
|
2.
|
That, for the purpose of determining any liability under the Securities Act of 1933, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.
|
3.
|
To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.
|
4.
|
That, for the purpose of determining liability under the Securities Act of 1933 to any purchaser:
|
a.
|
Each prospectus filed by the registrant pursuant to Rule 424(b)(3) shall be deemed to be part of the registration statement as of the date the filed prospectus was deemed part of and included in the registration statement; and
|
b.
|
Each prospectus required to be filed pursuant to Rule 424(b)(2), (b)(5), or (b)(7) as part of a registration statement in reliance on Rule 430B relating to an offering made pursuant to Rule 415(a)(1)(i), (vii), or (x) for the purpose of providing the information required by Section 10(a) of the Securities Act of 1933 shall be deemed to be part of and included in the registration statement as of the earlier of the date such form of prospectus is first used after effectiveness or the date of the first contract of sale of securities in the offering described in the prospectus. As provided in Rule 430B, for liability purposes of the issuer and any person that is at that date an underwriter, such date shall be deemed to be a new effective date of the registration statement relating to the securities in the registration statement to which that prospectus relates, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof. Provided, however, that no statement made in a registration statement or prospectus that is part of the registration statement or made in a document incorporated or deemed incorporated by reference into the registration statement or prospectus that is part of the registration statement will, as to a purchaser with a time of contract of sale prior to such effective date, supersede or modify any statement that was made in the registration statement or prospectus that was part of the registration statement or made in any such document immediately prior to such effective date.
|
5.
|
That, for the purpose of determining liability of the registrant under the Securities Act of 1933 to any purchaser in the initial distribution of the securities, the undersigned registrant undertakes that in a primary offering of securities of the undersigned registrant pursuant to this registration statement, regardless of the underwriting method used to sell the securities to the purchaser, if the securities are offered or sold to such purchaser by means of any of the following communications, the undersigned registrant will be a seller to the purchaser and will be considered to offer or sell such securities to such purchaser:
|
a.
|
Any preliminary prospectus or prospectus of the undersigned registrant relating to the offering required to be filed pursuant to Rule 424;
|
b.
|
Any free writing prospectus relating to the offering prepared by or on behalf of the undersigned registrant or used or referred to by the undersigned registrant;
|
c.
|
The portion of any other free writing prospectus relating to the offering containing material information about the undersigned registrant or its securities provided by or on behalf of the undersigned registrant; and
|
d.
|
Any other communication that is an offer in the offering made by the undersigned registrant to the purchaser.
|
6.
|
That, for purposes of determining any liability under the Securities Act of 1933, each filing of the registrant’s annual report pursuant to Section 13(a) or Section 15(d) of the Securities Exchange Act of 1934 (and, where applicable, each filing of an employee benefits plan’s annual report pursuant to Section 15(d) of the Securities Exchange Act of 1934) that is incorporated by reference in the registration statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial
bona fide
offering thereof.
|
7.
|
Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to directors, officers and controlling persons of the registrant pursuant to the foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the Securities and Exchange Commission, such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question of whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue.
|
UNITED PARCEL SERVICE, INC.
|
||
|
|
|
By:
|
|
/
S
/ D. S
COTT
D
AVIS
|
|
|
D. Scott Davis
|
|
|
Chairman and
Chief Executive Officer
|
Signature
|
|
Title
|
|
Date
|
|
|
|
|
|
/
S
/ D. S
COTT
D
AVIS
|
|
Chairman, Chief Executive Officer and Director (Principal Executive Officer)
|
|
November 15, 2013
|
D. Scott Davis
|
|
|
|
|
|
|
|
|
|
/
S
/ K
URT
P. K
UEHN
|
|
Chief Financial Officer (Principal Financial and Principal Accounting Officer)
|
|
November 15, 2013
|
Kurt P. Kuehn
|
|
|
|
|
|
|
|
|
|
/
S
/ F. D
UANE
A
CKERMAN
|
|
Director
|
|
November 15, 2013
|
F. Duane Ackerman
|
|
|
|
|
|
|
|
|
|
/
S
/ R
ODNEY
C. A
DKINS
|
|
Director
|
|
November 15, 2013
|
Rodney C. Adkins
|
|
|
|
|
|
|
|
|
|
/
S
/ M
ICHAEL
J. B
URNS
|
|
Director
|
|
November 15, 2013
|
Michael J. Burns
|
|
|
|
|
|
|
|
|
|
/
S
/ S
TUART
E. E
IZENSTAT
|
|
Director
|
|
November 15, 2013
|
Stuart E. Eizenstat
|
|
|
|
|
|
|
|
|
|
/
S
/ M
ICHAEL
L. E
SKEW
|
|
Director
|
|
November 15, 2013
|
Michael L. Eskew
|
|
|
|
|
|
|
|
|
|
/
S
/ W
ILLIAM
R. J
OHNSON
|
|
Director
|
|
November 15, 2013
|
William R. Johnson
|
|
|
|
|
|
|
|
|
|
/
S
/ C
ANDACE
B. K
ENDLE
|
|
Director
|
|
November 15, 2013
|
Candace B. Kendle
|
|
|
|
|
|
|
|
|
|
/
S
/ A
NN
M. L
IVERMORE
|
|
Director
|
|
November 15, 2013
|
Ann M. Livermore
|
|
|
|
|
|
|
|
|
|
/
S
/ R
UDY
M
ARKHAM
|
|
Director
|
|
November 15, 2013
|
Rudy Markham
|
|
|
|
|
|
|
|
|
|
/
S
/ C
LARK
T. R
ANDT
, J
R
.
|
|
Director
|
|
November 15, 2013
|
Clark T. Randt, Jr.
|
|
|
|
|
|
|
|
|
|
/
S
/ C
AROL
B. T
OMÉ
|
|
Director
|
|
November 15, 2013
|
Carol B. Tomé
|
|
|
|
|
|
|
|
|
|
/S/
K
EVIN
M. W
ARSH
|
|
Director
|
|
November 15, 2013
|
Kevin M. Warsh
|
|
|
|
|
|
|
King & Spalding LLP
1180 Peachtree Street
Atlanta, Georgia 30309
Main: 404/572-4600
Fax: 404/572-5100
|
•
|
debt securities, which may be issued pursuant to the Indenture, dated as of August 26, 2003, between UPS and The Bank of New York Mellon Trust Company, N.A., as trustee;
|
•
|
shares of preferred stock, par value $0.01 per share;
|
•
|
shares of class B common stock, par value $0.01 per share; and
|
•
|
warrants for the purchase of debt securities, preferred stock or class B common stock.
|
1.
|
UPS has been duly incorporated and is an existing corporation in good standing under the laws of the state of Delaware.
|
2.
|
The debt securities, when (a) the definitive terms and provisions of the debt securities have been established and (b) executed and delivered by UPS and authenticated by the Trustee under the Indenture and delivered to and paid for by the purchasers thereof, will be validly issued and will constitute valid and binding obligations of UPS enforceable against UPS in accordance with their terms.
|
3.
|
Any shares of preferred stock, when (a) the board of directors of UPS has taken all necessary corporate action to approve the terms of the preferred stock, including the adoption of a certificate of designation relating to such preferred stock and to authorize and approve the issuance thereof, (b) the certificate of designation has been filed with the Secretary of State of the State of Delaware and has become effective, (c) the underwriting or similar agreement has been duly authorized, executed and delivered by the parties thereto, and (d) certificates in the form required under Delaware corporate law representing the shares of preferred stock have been duly executed and delivered upon payment of the agreed consideration therefor, will be duly authorized and validly issued, fully paid and nonassessable shares of preferred stock.
|
4.
|
Any shares of class B common stock, when (a) the underwriting or similar agreement has been duly authorized, executed and delivered by the parties thereto and (b) the shares of class B common stock have been delivered to and paid for by the purchasers thereof, will be duly authorized and validly issued, fully paid and nonassessable shares of class B common stock.
|
5.
|
The warrants, when (a) the warrant agreement has been duly authorized, executed and delivered by the parties thereto, (b) the board of directors of UPS or a duly authorized committee thereof has taken all necessary corporate action to approve and establish the terms of the warrants and to authorize and approve the issuance thereof and (c) the warrants have been duly executed and delivered to and paid for by the purchasers thereof, will be validly issued and will constitute valid and binding obligations of UPS enforceable against UPS in accordance with their terms.
|
(State of incorporation
if not a U.S. national bank) |
95-3571558
(I.R.S. employer identification no.) |
400 South Hope Street
Suite 400
Los Angeles, California
(Address of principal executive offices)
|
90071 (Zip code) |
Delaware
(State or other jurisdiction of
incorporation or organization) |
58-2480149
(I.R.S. employer
identification no.) |
55 Glenlake Parkway, N.E.
Atlanta, Georgia
(Address of principal executive offices)
|
30328
(Zip code) |
1.
|
General information. Furnish the following information as to the trustee:
|
(a)
|
Name and address of each examining or supervising authority to which it is subject.
|
Name
|
|
Address
|
Comptroller of the Currency
United States Department of the Treasury
|
|
Washington, D.C. 20219
|
Federal Reserve Bank
|
|
San Francisco, California 94105
|
Federal Deposit Insurance Corporation
|
|
Washington, D.C. 20429
|
(b)
|
Whether it is authorized to exercise corporate trust powers.
|
2.
|
Affiliations with the Obligor.
|
16.
|
List of Exhibits.
|
1.
|
A copy of the articles of association of The Bank of New York Mellon Trust Company, N.A., formerly known as The Bank of New York Trust Company, N.A. (Exhibit 1 to Form T-1 filed with Registration Statement No. 333-121948 and Exhibit T-1 filed with Registration Statement No. 333-152875).
|
2.
|
A copy of certificate of authority of the trustee to commence business. (Exhibit 2 to Form T-1 filed with Registration Statement No. 333-121948).
|
3.
|
A copy of the authorization of the trustee to exercise corporate trust powers. (Exhibit 3 to Form T-1 filed with Registration Statement No. 333-152875).
|
4.
|
A copy of the existing by‑laws of the trustee. (Exhibit 4 to Form T-1 filed with Registration Statement No. 333-152875).
|
5.
|
Not applicable.
|
6.
|
The consent of the trustee required by Section 321(b) of the Act. (Exhibit 6 to Form T-1 filed with Registration Statement No. 333-152875).
|
7.
|
A copy of the latest report of condition of the Trustee published pursuant to law or to the requirements of its supervising or examining authority.
|
By:
|
/s/ Melonee Young
|
|
|
|
|
|
||
|
|
|
|
|
||
ASSETS
|
|
|
Dollar amounts
in thousands |
|
||
|
|
|||||
Cash and balances due from depository institutions:
|
|
|
|
|
||
Noninterest-bearing balances and currency and coin
|
|
|
$
|
1,319
|
|
|
Interest-bearing balances
|
|
|
241
|
|
|
|
Securities:
|
|
|
|
|
||
Held-to-maturity securities
|
|
|
—
|
|
|
|
Available-for-sale securities
|
|
|
725,987
|
|
|
|
Federal funds sold and securities purchased under agreements to resell:
|
|
|
|
|
||
Federal funds sold
|
|
|
83,000
|
|
|
|
Securities purchased under agreements to resell
|
|
|
—
|
|
|
|
Loans and lease financing receivables:
|
|
|
|
|
||
Loans and leases held for sale
|
|
|
—
|
|
|
|
Loans and leases, net of unearned income
|
|
|
—
|
|
|
|
LESS: Allowance for loan and lease losses
|
|
|
—
|
|
|
|
Loans and leases, net of unearned income and allowance
|
|
|
—
|
|
|
|
Trading assets
|
|
|
—
|
|
|
|
Premises and fixed assets (including capitalized leases)
|
|
|
4,612
|
|
|
|
Other real estate owned
|
|
|
—
|
|
|
|
Investments in unconsolidated subsidiaries and associated companies
|
|
|
—
|
|
|
|
Direct and indirect investments in real estate ventures
|
|
|
—
|
|
|
|
Intangible assets:
|
|
|
|
|
||
Goodwill
|
|
|
856,313
|
|
|
|
Other intangible assets
|
|
|
137,762
|
|
|
|
Other assets
|
|
|
126,539
|
|
|
|
|
|
|
|
|
||
Total assets
|
|
|
$
|
1,935,773
|
|
|
|
|
|
|
|
|
|
|
|
|
||
LIABILITIES
|
|
|
Dollar amounts
in thousands |
|
||
|
|
|||||
Deposits:
|
|
|
|
|
||
In domestic offices
|
|
|
$
|
651
|
|
|
Noninterest-bearing
|
|
|
651
|
|
|
|
Interest-bearing
|
|
|
—
|
|
|
|
Not applicable
|
|
|
|
|
||
Federal funds purchased and securities sold under agreements to repurchase:
|
|
|
|
|
||
Federal funds purchased
|
|
|
—
|
|
|
|
Securities sold under agreements to repurchase
|
|
|
—
|
|
|
|
Trading liabilities
|
|
|
—
|
|
|
|
Other borrowed money:
|
|
|
|
|
||
(includes mortgage indebtedness and obligations under capitalized leases)
|
|
|
—
|
|
|
|
Not applicable
|
|
|
|
|
||
Not applicable
|
|
|
|
|
||
Subordinated notes and debentures
|
|
|
—
|
|
|
|
Other liabilities
|
|
|
242,219
|
|
|
|
Total liabilities
|
|
|
$
|
242,870
|
|
|
Not applicable
|
|
|
|
|
||
|
|
|||||
EQUITY CAPITAL
|
|
|
|
|
||
|
|
|||||
Perpetual preferred stock and related surplus
|
|
|
$
|
—
|
|
|
Common stock
|
|
|
1,000
|
|
|
|
Surplus (exclude all surplus related to preferred stock)
|
|
|
1,121,790
|
|
|
|
Not available
|
|
|
|
|
||
Retained earnings
|
|
|
567,244
|
|
|
|
Accumulated other comprehensive income
|
|
|
2,869
|
|
|
|
Other equity capital components
|
|
|
—
|
|
|
|
Not available
|
|
|
|
|
||
Total bank equity capital
|
|
|
1,692,903
|
|
|
|
Noncontrolling (minority) interests in consolidated subsidiaries
|
|
|
—
|
|
|
|
Total equity capital
|
|
|
$
|
1,692,903
|
|
|
|
|
|
|
|
||
Total liabilities and equity capital
|
|
|
$
|
1,935,773
|
|
|
|
|
|
|
|