UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G/A UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. 1)* ExpressJet Holdings, Inc. -------------------------------------------------------------------------------- (Name of Issuer) Common stock, par value $.01 per share -------------------------------------------------------------------------------- (Title of Class of Securities) 30218U 10 8 -------------------------------------------------------------------------------- (Cusip Number) December 31, 2003 -------------------------------------------------------------------------------- (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) [X] 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 the disclosures provided in a prior cover page. The information required in 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). --------------------- ----------------- CUSIP NO. 30218U 10 8 13G PAGE 2 OF 6 PAGES --------------------- ----------------- -------------------------------------------------------------------------------- 1 Names of Reporting Persons/I.R.S. Identification Nos. of Above Persons (Entities Only) CONTINENTAL AIRLINES, INC. 74-2099724 -------------------------------------------------------------------------------- 2 Check the Appropriate Box if a Member of a Group (See Instructions) (a) [ ] (b) [ ] -------------------------------------------------------------------------------- 3 SEC Use Only -------------------------------------------------------------------------------- 4 Citizenship or Place of Organization DELAWARE -------------------------------------------------------------------------------- 5 Sole Voting Power NUMBER OF SHARES 16,729,875(1) BENEFICIALLY ----------------------------------------------------------------- OWNED BY 6 Shared Voting Power EACH REPORTING 0 PERSON ----------------------------------------------------------------- WITH 7 Sole Dispositive Power 16,729,875(1) ----------------------------------------------------------------- 8 Shared Dispositive Power 0 -------------------------------------------------------------------------------- 9 Aggregate Amount Beneficially Owned by Each Reporting Person 16,729,875(1) -------------------------------------------------------------------------------- 10 Check if the Aggregate Amount In Row (9) Excludes Certain Shares (See Instructions) [ ] -------------------------------------------------------------------------------- 11 Percent of Class Represented by Amount in Row (9) 30.9%(1) -------------------------------------------------------------------------------- 12 Type of Reporting Person (See Instructions) CO -------------------------------------------------------------------------------- (1) Continental Airlines, Inc. ("Continental Airlines") also holds the sole share of special voting preferred stock authorized by ExpressJet Holdings, Inc. (the "Issuer"). The share of special voting preferred stock gives Continental Airlines certain rights to control the Issuer, including the right to elect a certain number of directors to the board of directors of the Issuer, in accordance with the Issuer's Restated Certificate of Incorporation. ITEM 1(a). NAME OF ISSUER: ExpressJet Holdings, Inc. ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: 1600 Smith Street, Dept. HQSCE Houston, Texas 77002 ITEM 2(a). NAME OF PERSON FILING: Continental Airlines, Inc. ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE: 1600 Smith Street, Dept. HQSEO Houston, Texas 77002 ITEM 2(c). CITIZENSHIP: U.S.A. ITEM 2(d). TITLE OF CLASS OF SECURITIES: Common stock, par value $.01 per share ITEM 2(e). CUSIP NUMBER: 30218U 10 8 ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13D-1(b), OR 13D-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A: Not Applicable -3- ITEM 4. OWNERSHIP. (a) Amount beneficially owned: 16,729,875(1) (b) Percent of class: 30.9%(1) (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote 16,729,875(1) (ii) Shared power to vote or to direct the vote 0 (iii) Sole power to dispose or to direct the disposition of 16,729,875(1) (iv) Shared power to dispose or to direct the disposition of 0 -------------- (1) Continental Airlines also holds the sole share of special voting preferred stock authorized by the Issuer. The share of special voting preferred stock gives Continental Airlines certain rights to control the Issuer, including the right to elect a certain number of directors to the board of directors of the Issuer, in accordance with the Issuer's Restated Certificate of Incorporation. 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. Not Applicable ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP. Not Applicable -4- ITEM 9. NOTICE OF DISSOLUTION OF GROUP. Not Applicable ITEM 10. CERTIFICATION. Not Applicable -5- SIGNATURE 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. CONTINENTAL AIRLINES, INC. By: /s/ JENNIFER L. VOGEL ----------------------------------- Jennifer L. Vogel Senior Vice President, General Counsel and Secretary February 17, 2004 -6-