X0306 4 2016-06-11 0 0000100517 United Continental Holdings, Inc. UAL 0001237371 MUNOZ OSCAR P. O. BOX 66100 HDQLD CHICAGO IL 60666 1 1 0 0 President and CEO Common Stock 2016-06-11 4 M 0 2361.61 A 171286.61 D Common Stock 2016-06-11 4 D 0 1181.61 46.16 D 170105 D Each share unit was the economic equivalent of one share of common stock. In accordance with the terms of the share units, the share units are settled (i) 50% in cash based on the average of the high and low sale prices of a share of the Company's common stock on the date of settlement (or the average of the high and low sale prices of the common stock on the preceding trading day if the settlement date is not a trading day) (the "Settlement Price") and (ii) 50% in shares of the Company's common stock. Any odd or fractional units were rounded toward the share units settled in cash. /s/ Jennifer L. Kraft for Oscar Munoz 2016-06-13