Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

13D Filing: PAR Capital and United Continental Holdings, Inc. (UAL)

PAR Capital Management, led by Paul Reeder and Edward Shapiro, has filed a 13D with the US Securities and Exchange Commission, in which it reported its position in United Continental Holdings Inc (NYSE:UAL). According to the filing, PAR Capital holds some 14.13 million shares of United Continental Holdings, which represent 3.8% of the company’s outstanding stock. In its 13F filing for the third quarter, PAR Capital disclosed ownership of 5.38 million shares of United Continental. In addition, since PAR holds an activist position, the filing added:

“On February 5, 2016, the Reporting Persons were granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended.”

You can access the original SEC filing by clicking here.

Ownership Summary Table

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
PAR Investment Partners, 14,134,711 0 14,134,711 011 14,134,711 3.8%
PAR Group, 14,134,711 0 14,134,711 011 14,134,711 3.8%
PAR Capital Management, Inc. 14,134,711 0 14,134,711 011 14,134,711 3.8%

Page 1 of 8 SEC Filing


CUSIP No. 910047109 Page
of 8 Pages



Washington, D.C. 20549




Under the Securities Exchange Act of 1934

(Amendment No. 1)*



Continental Holdings, Inc.

(Name of Issuer)

Common Stock, $0.01 par value

(Title of Class of Securities)


(CUSIP Number)

PAR Capital Management, Inc.

Attn: Steven M. Smith

One International Place, Suite 2401

Boston, MA 02110


(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

February 5, 2016

of Event which Requires Filing of this Statement)



If the filing
person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following
box:  ¨

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See
§240.13d-7 for other parties to whom copies are to be sent.

* The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information
which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page
shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions
of the Act (however, see the Notes).

Follow United Airlines Holdings Inc. (NYSE:UAL)
Trade (NYSE:UAL) Now!

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.