Was the undercoating factory applied? Does your car have hood insulation? Factory undercoating was part of a package that included hood insulation.
The factory sprayed the undercoating shorty before the engine/trans and rear axle were installed in the car. The gas tank and muffler heat shields would have been installed before the undercoating was sprayed. If your car didn't come with full undercoating, the trunk pan would have recieved a little undercoating overspray when the wheel wells were being sprayed.(all cars came with the wheel wells undercoated) If your car had full undercoating from the factory, the trunk pan "could" have had more undercoating but most of it would have gotten on the heat sheilds.
What you do is up to you. If you decide to undercoat it, don't use the spray can stuff. Use 3M body schutz or buy RestoRick's undercoating.