UNITED AIRLS HLDGS INC

Ticker: UAL CUSIP: 910047109 Class: COM

ALPINE ASSOCIATES MANAGEMENT INC.'s Holding History (CIK: 0001396835)

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

Q1 2015

Shares 184,256 Value ($000) $12,393 Avg Close $67.75 Range $62.37 - $74.52

Q4 2014

Shares 227,156 Value ($000) $15,194 Avg Close $55.38 Range $39.46 - $67.77

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2015	184,256	$12,393	$67.75	$62.37 - $74.52
Q4 2014	227,156	$15,194	$55.38	$39.46 - $67.77