U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report Pursuant
to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report June 25, 1996
GENERAL PARCEL SERVICE, INC.
(Exact Name of Small Business Issuer in Its Charter)
State of Florida
(State or Other Jurisdiction of Incorporation)
33-30123-A 59-2576629
(Commission File Number) (I.R.S. Employer
Identification No.)
8923 Western Way, Suite 22 Jacksonville, FL 32256
(Address of Principal Executive Offices) (Zip Code)
(904) 363-0089
(Registrant's Telephone Number)
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ITEM 5. OTHER EVENTS
On June 25, 1996, the Registrant issued 60,000 shares of its
authorized Class A Series 2 Preferred Stock to an affiliate of
the Chairman of the Board of the Registrant for a total purchase
price of $1,500,000 or $25.00 per share. Proceeds from the
preferred stock issuance will be used to fund working capital
requirements.
SIGNATURES
Pursuant to the requirements of the Security Exchange Act of
1934, the Registrant has duly caused this report to be signed on
its behalf by the undersigned hereunto duly authorized.
GENERAL PARCEL SERVICE, INC.
By: (Signed)
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E. Hoke Smith, Jr., President
Date: July 9, 1996
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