In selling Class A shares through UPS Direct Transaction Program (DTP), how is the sales price calculated?
In most cases, the price per share that you receive will equal the average of the NYSE high, low, and 4:00 pm closing prices of the UPS Class B shares on the day you place your order. This is called the “Average Price”. On days when more shares are being sold than purchased, and where the additional shares are sold on the NYSE, the price per share that you receive will equal the Average Price (described above), averaged with the actual prices at which shares are sold on the NYSE on the day after you place the order. The averages used in the above calculation will be volume weighted. The price per share that you receive 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 sellers receive on a given day may be different from the price per share that buyers pay for their shares on that day.
