INTERNATIONAL PAPER CO

Ticker: IP CUSIP: 460146103 Class: COM

Douglass Winthrop Advisors, LLC's Holding History (CIK: 0001308527)

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

Q2 2018

Shares 8,100 Value ($000) $422 Avg Close $36.35 Range $33.57 - $40.34

Q1 2018

Shares 7,700 Value ($000) $411 Avg Close $39.21 Range $33.60 - $44.58

Q4 2017

Shares 7,700 Value ($000) $446 Avg Close $37.59 Range $35.37 - $38.93

Q2 2016

Shares 28,700 Value ($000) $1,216 Avg Close $26.29 Range $24.54 - $27.85

Q1 2016

Shares 31,200 Value ($000) $1,280 Avg Close $22.81 Range $20.01 - $26.25

Q4 2015

Shares 22,300 Value ($000) $841 Avg Close $24.89 Range $22.64 - $27.32

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2018	8,100	$422	$36.35	$33.57 - $40.34
Q1 2018	7,700	$411	$39.21	$33.60 - $44.58
Q4 2017	7,700	$446	$37.59	$35.37 - $38.93
Q2 2016	28,700	$1,216	$26.29	$24.54 - $27.85
Q1 2016	31,200	$1,280	$22.81	$20.01 - $26.25
Q4 2015	22,300	$841	$24.89	$22.64 - $27.32