X0303 4 2010-09-13 0 0000911002 LODGENET INTERACTIVE CORP LNET 0001066867 PAR INVESTMENT PARTNERS LP ONE INTERNATIONAL PLACE, SUITE 2400 BOSTON MA 02110 0 0 1 0 0001341061 PAR Group, L.P. ONE INTERNATIONAL PLACE SUITE 2401 BOSTON MA 02110 0 0 1 0 0001051359 PAR CAPITAL MANAGEMENT INC ONE INTERNATIONAL PLACE SUITE 2401 BOSTON MA 02110 0 0 1 0 10% Convertible Preferred Stock 264.5503 2010-09-13 4 P 0 1000 1027.5 A 2010-09-13 2049-12-31 Common Stock 264550 5024477 D 10% Convertible Preferred Stock 264.5503 2010-09-13 4 P 0 1000 1027.5 A 2010-09-13 2049-12-31 Common Stock 264550 5024477 I footnote 10% Convertible Preferred Stock 264.5503 2010-09-13 4 P 0 1000 1027.5 A 2010-09-13 2049-12-31 Common Stock 264550 5024477 I footnote This position includes 8,500 shares of 10% Convertible Preferred Stock exercisable at the option of the holder into 2,248,677 shares of common stock. These securities are held directly by PAR Investment Partners, L.P. ("PIP"). These securities are held directly by PIP. PAR Group, L.P. ("PAR Group") is the general partner of PIP. PAR Group disclaims beneficial ownership of these securities except to the extent of the pecuniary interest, if any, in such securities as a result of PAR Group's general partnership interest in PIP and contingent right to a performance-based advisory fee. These securities are held directly by PIP. PAR Capital Management, Inc. ("PCM") is the general partner of PAR Group which is the general partner of PIP. PCM disclaims beneficial ownership of these securities except to the extent of the pecuniary interest, if any, in such securities as a result of PCM's general partnership interest in PAR Group. Gina DiMento, General Counsel 2010-09-15