INTERNATIONAL PAPER CO

Ticker: IP CUSIP: 460146103 Class: COM

M.D. Sass, Inc.'s Holding History (CIK: 0000922940)

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

Q4 2015

Shares 107,641 Value ($000) $4,057 Avg Close $24.89 Range $22.64 - $27.32

Q3 2015

Shares 107,625 Value ($000) $4,067 Avg Close $27.15 Range $22.61 - $29.90

Q2 2015

Shares 108,112 Value ($000) $5,145 Avg Close $31.50 Range $28.63 - $33.87

Q1 2015

Shares 68,900 Value ($000) $3,824 Avg Close $32.75 Range $30.57 - $34.72

Q4 2014

Shares 47,400 Value ($000) $2,540 Avg Close $30.67 Range $26.30 - $33.18

Q3 2014

Shares 47,400 Value ($000) $2,263 Avg Close $28.63 Range $27.61 - $30.49

Q2 2014

Shares 12,236 Value ($000) $617 Avg Close $27.05 Range $25.40 - $29.30

Q1 2014

Shares 6,627 Value ($000) $304 Avg Close $27.24 Range $25.46 - $28.54

Q4 2013

Shares 6,618 Value ($000) $325 Avg Close $26.03 Range $24.27 - $28.23

Q3 2013

Shares 873,814 Value ($000) $39,147 Avg Close $26.87 Range $24.85 - $28.29

Q2 2013

Shares 869,105 Value ($000) $38,510 Avg Close $25.91 Range $23.81 - $27.42

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2015	107,641	$4,057	$24.89	$22.64 - $27.32
Q3 2015	107,625	$4,067	$27.15	$22.61 - $29.90
Q2 2015	108,112	$5,145	$31.50	$28.63 - $33.87
Q1 2015	68,900	$3,824	$32.75	$30.57 - $34.72
Q4 2014	47,400	$2,540	$30.67	$26.30 - $33.18
Q3 2014	47,400	$2,263	$28.63	$27.61 - $30.49
Q2 2014	12,236	$617	$27.05	$25.40 - $29.30
Q1 2014	6,627	$304	$27.24	$25.46 - $28.54
Q4 2013	6,618	$325	$26.03	$24.27 - $28.23
Q3 2013	873,814	$39,147	$26.87	$24.85 - $28.29
Q2 2013	869,105	$38,510	$25.91	$23.81 - $27.42