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UPS director sells 50,000 shares on open market

Tue Oct 30, 2007 1:44pm EDT

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WASHINGTON, Oct 30 (Reuters) - A director at package delivery company United Parcel Service Inc (UPS.N) disclosed in a regulatory filing on Tuesday that he recently sold 50,000 Class B shares on the open market for about $3.7 million.

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James Kelly said in a filing with the U.S. Securities and Exchange Commission that he sold the shares on Oct. 26 and Oct. 29 at prices ranging from $74.73 to $74.90 per share.

The transactions dropped his direct stake in UPS's Class B shares by almost 40 percent to 76,174 shares. (Reporting by Karey Wutkowski)

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