SEC Form 4 · accession 0000899243-16-018535
United Airlines Holdings, Inc. · UAL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Edward Shapiro
Director
Period of report
Apr 21, 2016
Accepted (ET)
Apr 25, 2016 · 6:13 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000100517
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2,F4 | Apr 21, 2016 | P | 1,125,000 | $53.03 | A | 15,514,711 | I | See Footnote |
| Common StockF1,F3,F4 | Apr 22, 2016 | P | 780,000 | $50.76 | A | 16,294,711 | I | See Footnote |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1These shares were purchased by PAR Investment Partners, L.P. ("PAR Investment Partners").
- F2The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $52.72 to $53.21, inclusive. The reporting person undertakes to provide to United Continental Holdings, Inc., any security holder of United Continental Holdings, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this Form 4.
- F3The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $50.49 to $51.13, inclusive. The reporting person undertakes to provide to United Continental Holdings, Inc., any security holder of United Continental Holdings, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this Form 4.
- F4These shares (the "Shares") are owned by PAR Investment Partners. PAR Capital Management, Inc. ("PAR Capital Management") is the general partner of PAR Group, L.P. ("PAR Group"), which is the general partner of PAR Investment Partners. The reporting person is a Managing Partner of PAR Capital Management but has taken a leave of absence from his role at PAR Capital Management during his tenure as a director of the issuer and, as such, has no investment discretion with regard to the Shares. The reporting person disclaims beneficial ownership of the Shares, except to the extent of his pecuniary interest, if any, therein by virtue of his equity ownership of PAR Capital Management and PAR Group.