INTERNATIONAL PAPER CO

Ticker: IP CUSIP: 460146103 Class: COM

BRIDGEWAY CAPITAL MANAGEMENT, LLC's Holding History (CIK: 0001107261)

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

Q4 2014

Shares 62,500 Value ($000) $3,349 Avg Close $30.67 Range $26.30 - $33.18

Q3 2014

Shares 62,500 Value ($000) $2,984 Avg Close $28.63 Range $27.61 - $30.49

Q2 2014

Shares 63,200 Value ($000) $3,190 Avg Close $27.05 Range $25.40 - $29.30

Q1 2014

Shares 63,200 Value ($000) $2,900 Avg Close $27.24 Range $25.46 - $28.54

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2014	62,500	$3,349	$30.67	$26.30 - $33.18
Q3 2014	62,500	$2,984	$28.63	$27.61 - $30.49
Q2 2014	63,200	$3,190	$27.05	$25.40 - $29.30
Q1 2014	63,200	$2,900	$27.24	$25.46 - $28.54