INTERNATIONAL PAPER CO

Ticker: IP CUSIP: 460146103 Class: COM

L. Roy Papp & Associates, LLP's Holding History (CIK: 0000809339)

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

Q4 2017

Shares 3,513 Value ($000) $204 Avg Close $37.59 Range $35.37 - $38.93

Q2 2017

Shares 3,653 Value ($000) $207 Avg Close $34.75 Range $32.17 - $37.45

Q4 2016

Shares 4,133 Value ($000) $219 Avg Close $31.25 Range $27.71 - $35.15

Q1 2016

Shares 5,137 Value ($000) $211 Avg Close $22.81 Range $20.01 - $26.25

Q2 2015

Shares 5,149 Value ($000) $245 Avg Close $31.50 Range $28.63 - $33.87

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2017	3,513	$204	$37.59	$35.37 - $38.93
Q2 2017	3,653	$207	$34.75	$32.17 - $37.45
Q4 2016	4,133	$219	$31.25	$27.71 - $35.15
Q1 2016	5,137	$211	$22.81	$20.01 - $26.25
Q2 2015	5,149	$245	$31.50	$28.63 - $33.87