SC 13G

 

 

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

 

 

SCHEDULE 13G

(Rule 13d-102)

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT

TO § 240.13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED

PURSUANT TO § 240.13d-2

(Amendment No.     )

 

 

UNITED CONTINENTAL HOLDINGS, INC.

(Name of Issuer)

 

COMMON STOCK

(Title of Class of Securities)

 

910047109

(CUSIP Number)

December 31, 2016

(Date of Event Which Requires Filing of this Statement)

 

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1 (b)

Rule 13d-1 (c)

Rule 13d-1 (d)

 

* The remainder of this cover page shall be filled out for a reporting person’s 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 (the “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.)

 

 

 


CUSIP No.             910047109             13G           Page  2  of 17 Pages

 

  1   

NAME OF REPORTING PERSON

 

Warren E. Buffett

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ☒        (b)  ☐

 

  3  

SEC USE ONLY

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

United States Citizen

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

   5    

SOLE VOTING POWER

 

NONE

   6   

SHARED VOTING POWER

 

28,951,353 shares of Common Stock

   7   

SOLE DISPOSITIVE POWER

 

NONE

   8   

SHARED DISPOSITIVE POWER

 

28,951,353 shares of Common Stock

  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

28,951,353 shares of Common Stock

10  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES    ☐

 

Not Applicable.

11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

9.1%

12  

TYPE OF REPORTING PERSON

 

IN


CUSIP No.             910047109             13G           Page  3  of 17 Pages

 

  1   

NAME OF REPORTING PERSON

 

Berkshire Hathaway Inc.

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ☒        (b)  ☐

 

  3  

SEC USE ONLY

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

State of Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

     

SOLE VOTING POWER

 

NONE

   6   

SHARED VOTING POWER

 

28,951,353 shares of Common Stock

   7   

SOLE DISPOSITIVE POWER

 

NONE

   8   

SHARED DISPOSITIVE POWER

 

28,951,353 shares of Common Stock

  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

28,951,353 shares of Common Stock

10  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES    ☐

 

Not applicable.

11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

9.1%

12  

TYPE OF REPORTING PERSON

 

HC, CO


CUSIP No.             910047109             13G           Page  4  of 17 Pages

 

  1   

NAME OF REPORTING PERSON

 

National Indemnity Company

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ☒        (b)  ☐

 

  3  

SEC USE ONLY

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

State of Nebraska

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

     

SOLE VOTING POWER

 

NONE

   6   

SHARED VOTING POWER

 

26,620,184 shares of Common Stock

   7   

SOLE DISPOSITIVE POWER

 

NONE

   8   

SHARED DISPOSITIVE POWER

 

26,620,184 shares of Common Stock

  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

26,620,184 shares of Common Stock

10  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES    

 

Not applicable.

11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

8.4%

12  

TYPE OF REPORTING PERSON

 

IC, CO


CUSIP No.             910047109             13G           Page  5  of 17 Pages

 

  1   

NAME OF REPORTING PERSON

 

GEICO Corporation

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ☒        (b)  ☐

 

  3  

SEC USE ONLY

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

State of Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

     

SOLE VOTING POWER

 

NONE

   6   

SHARED VOTING POWER

 

5,668,831 shares of Common Stock

   7   

SOLE DISPOSITIVE POWER

 

NONE

   8   

SHARED DISPOSITIVE POWER

 

5,668,831 shares of Common Stock

  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

5,668,831 shares of Common Stock

10  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES    ☐

 

Not applicable.

11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

1.8%

12  

TYPE OF REPORTING PERSON

 

HC, CO


CUSIP No.             910047109             13G           Page  6  of 17 Pages

 

  1   

NAME OF REPORTING PERSON

 

Government Employees Insurance Company

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ☒        (b)  ☐

 

  3  

SEC USE ONLY

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

State of Maryland

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

     

SOLE VOTING POWER

 

NONE

   6   

SHARED VOTING POWER

 

5,268,231 shares of Common Stock

   7   

SOLE DISPOSITIVE POWER

 

NONE

   8   

SHARED DISPOSITIVE POWER

 

5,268,231 shares of Common Stock

  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

5,268,231 shares of Common Stock

10  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES    ☐

 

Not applicable.

11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

1.7%

12  

TYPE OF REPORTING PERSON

 

IC, CO


CUSIP No.             910047109             13G           Page  7  of 17 Pages

 

  1   

NAME OF REPORTING PERSON

 

GEICO Indemnity Company

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ☒        (b)  ☐

 

  3  

SEC USE ONLY

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

State of Maryland

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

     

SOLE VOTING POWER

 

NONE

   6   

SHARED VOTING POWER

 

400,600 shares of Common Stock

   7   

SOLE DISPOSITIVE POWER

 

NONE

   8   

SHARED DISPOSITIVE POWER

 

400,600 shares of Common Stock

  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

400,600 shares of Common Stock

10  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES    ☐

 

Not applicable.

11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

0.1%

12  

TYPE OF REPORTING PERSON

 

IC, CO


CUSIP No.             910047109             13G           Page  8  of 17 Pages

 

  1   

NAME OF REPORTING PERSON

 

BNSF Master Retirement Trust

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ☒        (b)  ☐

 

  3  

SEC USE ONLY

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

State of Texas

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

     

SOLE VOTING POWER

 

NONE

   6   

SHARED VOTING POWER

 

301,169 shares of Common Stock

   7   

SOLE DISPOSITIVE POWER

 

NONE

   8   

SHARED DISPOSITIVE POWER

 

301,169 shares of Common Stock

  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

301,169 shares of Common Stock

10  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES    ☐

 

Not applicable.

11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

0.1%

12  

TYPE OF REPORTING PERSON

 

EP


CUSIP No.             910047109             13G           Page  9  of 17 Pages

 

  1   

NAME OF REPORTING PERSON

 

General Re Corporation Employment Retirement Trust

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ☒        (b)  ☐

 

  3  

SEC USE ONLY

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

State of Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

     

SOLE VOTING POWER

 

NONE

   6   

SHARED VOTING POWER

 

170,000 shares of Common Stock

   7   

SOLE DISPOSITIVE POWER

 

NONE

   8   

SHARED DISPOSITIVE POWER

 

170,000 shares of Common Stock

  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

170,000 shares of Common Stock

10  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES    ☐

 

Not applicable.

11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

0.1%

12  

TYPE OF REPORTING PERSON

 

EP


CUSIP No.             910047109             13G           Page  10  of 17 Pages

 

  1   

NAME OF REPORTING PERSON

 

Precision Castparts Corp. Master Trust

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ☒        (b)  ☐

 

  3  

SEC USE ONLY

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

State of Oregon

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

     

SOLE VOTING POWER

 

NONE

   6   

SHARED VOTING POWER

 

1,860,000 shares of Common Stock

   7   

SOLE DISPOSITIVE POWER

 

NONE

   8   

SHARED DISPOSITIVE POWER

 

1,860,000 shares of Common Stock

  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

1,860,000 shares of Common Stock

10  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES    ☐

 

Not applicable.

11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

Less than 0.6%

12  

TYPE OF REPORTING PERSON

 

EP


  Page 11 of 17 Pages

 

Item 1. 

 

  (a) Name of Issuer

United Continental Holdings, Inc.

 

  (b) Address of Issuer’s Principal Executive Offices

233 South Wacker Drive, Chicago, IL 60606

Item 2(a). Name of Person Filing:

Item 2(b). Address of Principal Business Office:

Item 2(c). Citizenship:

 

Warren E. Buffett

3555 Farnam Street

Omaha, Nebraska 68131

United States Citizen

  

Berkshire Hathaway Inc.

3555 Farnam Street

Omaha, Nebraska 68131

Delaware corporation

National Indemnity Company

3024 Harney Street

Omaha, Nebraska 68131

Nebraska corporation

  

GEICO Corporation

One GEICO Plaza

Washington, DC 20076

Delaware corporation

Government Employees Insurance Company

One GEICO Plaza

Washington, DC 20076

Maryland corporation

  

GEICO Indemnity Company

One GEICO Plaza

Washington D.C. 20076

Maryland corporation

BNSF Master Retirement Trust

c/o BNSF Railway

2650 Lou Menk Drive

Fort Worth, TX 76131

Texas

  

Precision Castparts Corp. Master Trust

c/o Precision Castparts Corp.

4650 SW Macadam Ave.

Portland, OR 97239

Oregon corporation

General Re Corporation Employment Retirement Trust

c/o General Re Corporation

120 Long Ridge Road

Stamford, CT 06902

Delaware corporation

  


  Page 12 of 17 Pages

 

  (d) Title of Class of Securities

Common Stock

 

  (e) CUSIP Number

910047109

Item 3. If this statement is filed pursuant to § 240.13d-1(b), or § 240.13d-2(b) or (c), check whether the person filing is a:

Warren E. Buffett (an individual who may be deemed to control Berkshire Hathaway Inc.), Berkshire Hathaway Inc. and GEICO Corporation are each a Parent Holding Company or Control Person, in accordance with § 240.13d-1(b)(1)(ii)(G).

National Indemnity Company, Government Employees Insurance Company and GEICO Indemnity Company are each an Insurance Company as defined in section 3(a)(19) of the Act.

BNSF Master Retirement Trust, General Re Corporation Employee Retirement Trust and Precision Castparts Corp. Master Trust are each an Employee Benefit Plan in accordance with § 240.13d-1(b)(1)(ii)(F).

Item 4. Ownership

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

 

  (a) Amount beneficially Owned

See the Cover Pages for each of the Reporting Persons.

 

  (b) Percent of Class

See the Cover Pages for each of the Reporting Persons.

 

  (c) Number of shares as to which such person has:

 

  (i) sole power to vote or to direct the vote

 

  (ii) shared power to vote or to direct the vote


  Page 13 of 17 Pages

 

  (iii) sole power to dispose or to direct the disposition of

 

  (iv) shared power to dispose or to direct the disposition of

See the Cover Pages for each of the Reporting Persons.

Item 5. Ownership of Five Percent or Less of a Class.

Not Applicable.

Item 6. Ownership of More than Five Percent on Behalf of Another Person.

Not Applicable.

Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person.

See Exhibit A.

Item 8. Identification and Classification of Members of the Group.

See Exhibit A.

Item 9. Notice of Dissolution of Group.

Not Applicable.

Item 10. Certification.

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.


  Page 14 of 17 Pages

 

SIGNATURES

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated this 14th day of February, 2017

 

/s/ Warren E. Buffett
Warren E. Buffett
BERKSHIRE HATHAWAY INC.
By:   /s/ Warren E. Buffett
  Warren E. Buffett
  Chairman of the Board
NATIONAL INDEMNITY COMPANY, GEICO CORPORATION, GOVERNMENT EMPLOYEES INSURANCE COMPANY, GEICO INDEMNITY COMPANY, BNSF MASTER RETIREMENT TRUST, GENERAL RE CORPORATION EMPLOYEE RETIREMENT TRUST AND PRECISION CASTPARTS CORP. MASTER TRUST
By   /s/ Warren E. Buffett
 

Warren E. Buffett

Attorney-in-Fact


SCHEDULE 13G

EXHIBIT A

RELEVANT SUBSIDIARIES AND MEMBERS OF FILING GROUP

PARENT HOLDING COMPANIES OR CONTROL PERSONS:

Warren E. Buffett (an individual who may be deemed to control Berkshire Hathaway Inc.)

Berkshire Hathaway Inc.

GEICO Corporation

INSURANCE COMPANIES AS DEFINED IN SECTION 3(a)(19) OF THE ACT:

National Indemnity Company

Government Employees Insurance Company

GEICO Indemnity Company

EMPLOYEE BENEFIT PLANS IN ACCORDANCE WITH § 240.13d-1-(b)(1)(ii)(F)

BNSF Master Retirement Trust

General Re Corporation Employment Retirement Trust

Precision Castparts Corp. Master Trust


SCHEDULE 13G

EXHIBIT B

JOINT FILING AGREEMENT PURSUANT TO RULE 13d-1(k)(1)

The undersigned persons hereby agree that reports on Schedule 13G, and amendments thereto, with respect to the Common Stock of United Continental Holdings, Inc. may be filed in a single statement on behalf of each of such persons, and further, each of such persons designates Warren E. Buffett as its agent and Attorney-in-Fact for the purpose of executing any and all Schedule 13G filings required to be made by it with the Securities and Exchange Commission.

 

Dated: February 14, 2017

     

/S/ Warren E. Buffett

      Warren E. Buffett
      Berkshire Hathaway Inc.

Dated: February 14, 2017

     

/S/ Warren E. Buffett

     

By: Warren E. Buffett

Title: Chairman of the Board

      National Indemnity Company

Dated: February 14, 2017

     

/S/ Marc D. Hamburg

     

By: Marc D. Hamburg

Title: Chairman of the Board

      GEICO Corporation

Dated: February 14, 2017

     

/S/ William E. Roberts

     

By: William E. Roberts

Title: President

      Government Employees Insurance Company

Dated: February 14, 2017

     

/S/ William E. Roberts

     

By: William E. Roberts

Title: President

      GEICO Indemnity Company

Dated: February 14, 2017

     

/S/ William E. Roberts

     

By: William E. Roberts

Title: President


      BNSF Master Retirement Trust

Dated: February 14, 2017

     

/S/ Julie Piggott

     

By: Julie Piggott

Vice President, Burlington Northern Santa Fe, LLC

      General Re Corporation Employment Retirement Trust

Dated: February 14, 2017

     

/S/ Kara Raiguel

     

By: Kara Raiguel

Title: President, General Re Corporation

      Precision Castparts Corp. Master Trust

Dated: February 14, 2017

     

/S/ Shawn Hagel

     

By: Shawn Hagel

Title: Executive Vice President, Precision Castparts Corp.