UNITED AIRLS HLDGS INC

Ticker: UAL CUSIP: 910047109 Class: COM

Nicholas Investment Partners, LP's Holding History (CIK: 0001389574)

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

Q4 2016

Shares 73,516 Value ($000) $5,357 Avg Close $63.72 Range $51.34 - $76.80

Q3 2015

Shares 28,570 Value ($000) $1,516 Avg Close $56.42 Range $49.20 - $62.21

Q4 2014

Shares 28,886 Value ($000) $1,932 Avg Close $55.38 Range $39.46 - $67.77

Q3 2014

Shares 40,589 Value ($000) $1,899 Avg Close $46.41 Range $36.65 - $52.45

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2016	73,516	$5,357	$63.72	$51.34 - $76.80
Q3 2015	28,570	$1,516	$56.42	$49.20 - $62.21
Q4 2014	28,886	$1,932	$55.38	$39.46 - $67.77
Q3 2014	40,589	$1,899	$46.41	$36.65 - $52.45