UNITED AIRLS HLDGS INC

Ticker: UAL CUSIP: 910047109 Class: COM

Empyrean Capital Partners, LP's Holding History (CIK: 0001317195)

Note: Option positions (PUT/CALL) are excluded.

Q2 2016

Shares 30,000 Value ($000) $1,231 Avg Close $47.32 Range $37.41 - $58.90

Q2 2015

Shares 95,000 Value ($000) $5,036 Avg Close $57.89 Range $49.85 - $65.85

Q1 2015

Shares 175,683 Value ($000) $11,815 Avg Close $67.75 Range $62.37 - $74.52

Q4 2014

Shares 169,500 Value ($000) $11,338 Avg Close $55.38 Range $39.46 - $67.77

Q3 2014

Shares 75,950 Value ($000) $3,554 Avg Close $46.41 Range $36.65 - $52.45

Q2 2014

Shares 81,000 Value ($000) $3,327 Avg Close $43.09 Range $38.06 - $48.20

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2016	30,000	$1,231	$47.32	$37.41 - $58.90
Q2 2015	95,000	$5,036	$57.89	$49.85 - $65.85
Q1 2015	175,683	$11,815	$67.75	$62.37 - $74.52
Q4 2014	169,500	$11,338	$55.38	$39.46 - $67.77
Q3 2014	75,950	$3,554	$46.41	$36.65 - $52.45
Q2 2014	81,000	$3,327	$43.09	$38.06 - $48.20