UNITED AIRLS HLDGS INC

Ticker: UAL CUSIP: 910047109 Class: COM

K2 PRINCIPAL FUND, L.P.'s Holding History (CIK: 0001461790)

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

Q3 2017

Shares 16,118 Value ($000) $981 Avg Close $66.62 Range $57.34 - $81.39

Q2 2017

Shares 17,100 Value ($000) $1,287 Avg Close $75.50 Range $67.55 - $83.04

Q1 2017

Shares 27,000 Value ($000) $1,907 Avg Close $72.28 Range $64.16 - $76.75

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2017	16,118	$981	$66.62	$57.34 - $81.39
Q2 2017	17,100	$1,287	$75.50	$67.55 - $83.04
Q1 2017	27,000	$1,907	$72.28	$64.16 - $76.75