CLEARWATER PAPER CORP

Ticker: CLW CUSIP: 18538R103 Class: Common Stock

Watershed Asset Management, L.L.C.'s Holding History (CIK: 0001315926)

Note: Option positions (PUT/CALL) are excluded.

Q2 2014

Shares 42,006 Value ($000) $2,593 Avg Close $62.48 Range $59.07 - $67.20

Q1 2014

Shares 62,221 Value ($000) $3,899 Avg Close $59.56 Range $49.88 - $68.30

Q4 2013

Shares 117,646 Value ($000) $6,176 Avg Close $51.19 Range $47.15 - $53.91

Q3 2013

Shares 140,646 Value ($000) $6,719 Avg Close $48.49 Range $45.13 - $50.40

Q2 2013

Shares 146,943 Value ($000) $6,915 Avg Close $48.03 Range $44.64 - $52.47

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2014	42,006	$2,593	$62.48	$59.07 - $67.20
Q1 2014	62,221	$3,899	$59.56	$49.88 - $68.30
Q4 2013	117,646	$6,176	$51.19	$47.15 - $53.91
Q3 2013	140,646	$6,719	$48.49	$45.13 - $50.40
Q2 2013	146,943	$6,915	$48.03	$44.64 - $52.47