INTERNATIONAL PAPER CO

Ticker: IP CUSIP: 460146103 Class: COM

HIGHLAND CAPITAL MANAGEMENT, LLC's Holding History (CIK: 0000860486)

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

Q4 2016

Shares 88,825 Value ($000) $4,713 Avg Close $31.25 Range $27.71 - $35.15

Q3 2016

Shares 87,925 Value ($000) $4,219 Avg Close $29.51 Range $25.89 - $31.75

Q2 2016

Shares 126,591 Value ($000) $5,365 Avg Close $26.29 Range $24.54 - $27.85

Q1 2016

Shares 127,006 Value ($000) $5,212 Avg Close $22.81 Range $20.01 - $26.25

Q4 2015

Shares 88,760 Value ($000) $3,346 Avg Close $24.89 Range $22.64 - $27.32

Q3 2015

Shares 83,220 Value ($000) $3,145 Avg Close $27.15 Range $22.61 - $29.90

Q2 2015

Shares 83,535 Value ($000) $3,975 Avg Close $31.50 Range $28.63 - $33.87

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2016	88,825	$4,713	$31.25	$27.71 - $35.15
Q3 2016	87,925	$4,219	$29.51	$25.89 - $31.75
Q2 2016	126,591	$5,365	$26.29	$24.54 - $27.85
Q1 2016	127,006	$5,212	$22.81	$20.01 - $26.25
Q4 2015	88,760	$3,346	$24.89	$22.64 - $27.32
Q3 2015	83,220	$3,145	$27.15	$22.61 - $29.90
Q2 2015	83,535	$3,975	$31.50	$28.63 - $33.87