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In buying Class A shares through the Direct Transaction Program, how is the purchase price determined?

April 26, 2017buying class price program purchase Shares transaction

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In buying Class A shares through the Direct Transaction Program, how is the purchase price determined?

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In most cases, the price per share that you pay will equal the average of the NYSE high, low and 4:00pm closing prices of the UPS Class B shares on the day that you place the order. This is called the “Average Price”. The price per share that you pay will probably be different from the price of the UPS Class B shares at the moment in time when you place your order. The price per share that buyers pay on a given day may be different from the price per share that sellers receive for their shares on that day.