INTERNATIONAL PAPER CO

Ticker: IP CUSIP: 460146103 Class: COM

Park Avenue Institutional Advisers LLC's Holding History (CIK: 0001640801)

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

Q2 2016

Shares 2,597 Value ($000) $110 Avg Close $26.29 Range $24.54 - $27.85

Q1 2016

Shares 2,612 Value ($000) $107 Avg Close $22.81 Range $20.01 - $26.25

Q4 2015

Shares 2,685 Value ($000) $101 Avg Close $24.89 Range $22.64 - $27.32

Q3 2015

Shares 2,779 Value ($000) $105 Avg Close $27.15 Range $22.61 - $29.90

Q2 2015

Shares 2,852 Value ($000) $136 Avg Close $31.50 Range $28.63 - $33.87

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2016	2,597	$110	$26.29	$24.54 - $27.85
Q1 2016	2,612	$107	$22.81	$20.01 - $26.25
Q4 2015	2,685	$101	$24.89	$22.64 - $27.32
Q3 2015	2,779	$105	$27.15	$22.61 - $29.90
Q2 2015	2,852	$136	$31.50	$28.63 - $33.87