UNITED AIRLS HLDGS INC

Ticker: UAL CUSIP: 910047109 Class: COM

Park Avenue Institutional Advisers LLC's Holding History (CIK: 0001640801)

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

Q2 2016

Shares 2,124 Value ($000) $87 Avg Close $47.32 Range $37.41 - $58.90

Q1 2016

Shares 2,349 Value ($000) $141 Avg Close $53.10 Range $42.17 - $61.41

Q4 2015

Shares 2,415 Value ($000) $138 Avg Close $57.74 Range $49.76 - $61.87

Q3 2015

Shares 2,512 Value ($000) $133 Avg Close $56.42 Range $49.20 - $62.21

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2016	2,124	$87	$47.32	$37.41 - $58.90
Q1 2016	2,349	$141	$53.10	$42.17 - $61.41
Q4 2015	2,415	$138	$57.74	$49.76 - $61.87
Q3 2015	2,512	$133	$56.42	$49.20 - $62.21