INTERNATIONAL PAPER CO

Ticker: IP CUSIP: 460146103 Class: COM

CORBYN INVESTMENT MANAGEMENT INC/MD's Holding History (CIK: 0000919538)

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

Q2 2016

Shares 14,325 Value ($000) $607 Avg Close $26.29 Range $24.54 - $27.85

Q1 2016

Shares 14,325 Value ($000) $588 Avg Close $22.81 Range $20.01 - $26.25

Q4 2015

Shares 19,325 Value ($000) $729 Avg Close $24.89 Range $22.64 - $27.32

Q3 2015

Shares 86,115 Value ($000) $3,254 Avg Close $27.15 Range $22.61 - $29.90

Q2 2015

Shares 124,205 Value ($000) $5,911 Avg Close $31.50 Range $28.63 - $33.87

Q1 2015

Shares 124,205 Value ($000) $6,892 Avg Close $32.75 Range $30.57 - $34.72

Q4 2014

Shares 124,205 Value ($000) $6,655 Avg Close $30.67 Range $26.30 - $33.18

Q3 2014

Shares 124,205 Value ($000) $5,930 Avg Close $28.63 Range $27.61 - $30.49

Q2 2014

Shares 225,600 Value ($000) $11,386 Avg Close $27.05 Range $25.40 - $29.30

Q1 2014

Shares 226,725 Value ($000) $10,402 Avg Close $27.24 Range $25.46 - $28.54

Q4 2013

Shares 50,000 Value ($000) $2,451 Avg Close $26.03 Range $24.27 - $28.23

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2016	14,325	$607	$26.29	$24.54 - $27.85
Q1 2016	14,325	$588	$22.81	$20.01 - $26.25
Q4 2015	19,325	$729	$24.89	$22.64 - $27.32
Q3 2015	86,115	$3,254	$27.15	$22.61 - $29.90
Q2 2015	124,205	$5,911	$31.50	$28.63 - $33.87
Q1 2015	124,205	$6,892	$32.75	$30.57 - $34.72
Q4 2014	124,205	$6,655	$30.67	$26.30 - $33.18
Q3 2014	124,205	$5,930	$28.63	$27.61 - $30.49
Q2 2014	225,600	$11,386	$27.05	$25.40 - $29.30
Q1 2014	226,725	$10,402	$27.24	$25.46 - $28.54
Q4 2013	50,000	$2,451	$26.03	$24.27 - $28.23