CLEARWATER PAPER CORP

Ticker: CLW CUSIP: 18538R103 Class: Common Stock

PICTON MAHONEY ASSET MANAGEMENT's Holding History (CIK: 0001539041)

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

Q3 2016

Shares 1,100 Value ($000) $71 Avg Close $63.18 Range $59.18 - $69.75

Q2 2016

Shares 1,300 Value ($000) $85 Avg Close $58.48 Range $47.55 - $66.65

Q1 2016

Shares 2,000 Value ($000) $97 Avg Close $41.69 Range $32.00 - $49.58

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2016	1,100	$71	$63.18	$59.18 - $69.75
Q2 2016	1,300	$85	$58.48	$47.55 - $66.65
Q1 2016	2,000	$97	$41.69	$32.00 - $49.58