<SEC-DOCUMENT>0000100885-20-000315.txt : 20201215
<SEC-HEADER>0000100885-20-000315.hdr.sgml : 20201215
<ACCEPTANCE-DATETIME>20201215155221
ACCESSION NUMBER:		0000100885-20-000315
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20201214
FILED AS OF DATE:		20201215
DATE AS OF CHANGE:		20201215

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Richardson Craig V
		CENTRAL INDEX KEY:			0001835875

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-06075
		FILM NUMBER:		201389543

	MAIL ADDRESS:	
		STREET 1:		1400 DOUGLAS STREET
		CITY:			OMAHA
		STATE:			NE
		ZIP:			68179

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			UNION PACIFIC CORP
		CENTRAL INDEX KEY:			0000100885
		STANDARD INDUSTRIAL CLASSIFICATION:	RAILROADS, LINE-HAUL OPERATING [4011]
		IRS NUMBER:				132626465
		STATE OF INCORPORATION:			UT
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		1400 DOUGLAS STREET
		STREET 2:		STOP 0310
		CITY:			OMAHA
		STATE:			NE
		ZIP:			68179
		BUSINESS PHONE:		402 544 6763

	MAIL ADDRESS:	
		STREET 1:		1400 DOUGLAS STREET
		STREET 2:		STOP 0310
		CITY:			OMAHA
		STATE:			NE
		ZIP:			68179
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<FILENAME>edgardoc.xml
<DESCRIPTION>PRIMARY DOCUMENT
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0206</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2020-12-14</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0000100885</issuerCik>
        <issuerName>UNION PACIFIC CORP</issuerName>
        <issuerTradingSymbol>UNP</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001835875</rptOwnerCik>
            <rptOwnerName>Richardson Craig V</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>1400 DOUGLAS STREET</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>OMAHA</rptOwnerCity>
            <rptOwnerState>NE</rptOwnerState>
            <rptOwnerZipCode>68179</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>EVP CLO &amp; Corp Sec</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
                <footnoteId id="F1"/>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>7877</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
                <footnoteId id="F2"/>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>1490.392</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>By Deferral Account</value>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <derivativeTable>
        <derivativeHolding>
            <securityTitle>
                <value>Non-Qualified Stock Option (right to buy)</value>
                <footnoteId id="F3"/>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>124.86</value>
            </conversionOrExercisePrice>
            <exerciseDate>
                <value>2019-02-08</value>
                <footnoteId id="F3"/>
            </exerciseDate>
            <expirationDate>
                <value>2028-02-08</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>2151</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeHolding>
        <derivativeHolding>
            <securityTitle>
                <value>Non-Qualified Stock Option (right to buy)</value>
                <footnoteId id="F3"/>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>161.57</value>
            </conversionOrExercisePrice>
            <exerciseDate>
                <value>2020-02-07</value>
                <footnoteId id="F3"/>
            </exerciseDate>
            <expirationDate>
                <value>2029-02-07</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>2766</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeHolding>
        <derivativeHolding>
            <securityTitle>
                <value>Non-Qualified Stock Option (right to buy)</value>
                <footnoteId id="F3"/>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>186.11</value>
            </conversionOrExercisePrice>
            <exerciseDate>
                <value>2021-02-07</value>
                <footnoteId id="F3"/>
            </exerciseDate>
            <expirationDate>
                <value>2030-02-06</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>3729</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeHolding>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">Includes unvested restricted stock units and unvested Long Term Plan performance units.</footnote>
        <footnote id="F2">Represents conversion of restricted stock units to fully vested stock units with a distribution ratio of 1:1 - Payable only in shares of common stock at termination of employment or a date certain.</footnote>
        <footnote id="F3">This option becomes exercisable in three equal installments starting one year from the grant date.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>By: Trevor L. Kingston, Attorney-in-Fact For: Craig V. Richardson</signatureName>
        <signatureDate>2020-12-15</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-24
<SEQUENCE>2
<FILENAME>poarichardson121420.txt
<DESCRIPTION>EDGAR SUPPORTING DOCUMENT
<TEXT>

SECTION 16 OF THE
SECURITIES EXCHANGE ACT OF 1934

POWER OF ATTORNEY


KNOW ALL MEN BY THESE PRESENTS THAT I, Craig V. Richardson,
Executive Vice President, Chief Legal Officer & Corporate Secretary
of Union Pacific Railroad Company, a Delaware corporation and Union
Pacific Corporation, a Utah corporation (the "Company"), do hereby
appoint John A. Menicucci, Jr., Trevor L. Kingston and Nicole
M. Deardorff, and each of them acting individually, as my true
and lawful attorney-in-fact, each with power to act without the
other in full power of substitution, to execute, deliver and file,
for and on my behalf, and in my name and in my capacity as an
officer of the Company, any and all Forms 3, Forms 4 or Forms 5
under Section 16 of the Securities Exchange Act of 1934 and the
rules and interpretations promulgated thereunder, and any other
documents in support thereof or supplemental or amendatory thereto,
with respect to the ownership by or attributable to me, directly
or indirectly,of equity securities of the Company's parent company,
Union Pacific Corporation, a Utah corporation, or derivative securities
relating thereto, hereby granting to such attorneys and each
of them full power and authority to do and perform each and
every act and thing whatsoever as such attorney or attorneys
may deem necessary or advisable to carry out fully the intent
of the foregoing as I might or could do personally or in my
capacity as an officer, hereby ratifying and confirming all
acts and things which such attorney or attorneys may do or cause
to be done by virtue of this Power of Attorney.

IN WITNESS WHEREOF, I have executed this Power of Attorney as of
December 8, 2020.


/s/ Craig V. Richardson
__________________________________
Craig V. Richardson

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
