PACKAGING CORP AMER

Ticker: PKG CUSIP: 695156109 Class: COM

Westchester Capital Management, LLC's Holding History (CIK: 0001512805)

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

Q3 2015

Shares 114,800 Value ($000) $6,907 Avg Close $48.88 Range $42.96 - $53.79

Q2 2015

Shares 150,100 Value ($000) $9,380 Avg Close $51.10 Range $45.67 - $57.26

Q1 2015

Shares 74,800 Value ($000) $5,849 Avg Close $57.22 Range $52.57 - $61.10

Q4 2014

Shares 8,700 Value ($000) $679 Avg Close $51.38 Range $40.86 - $57.69

Q3 2014

Shares 16,200 Value ($000) $1,034 Avg Close $47.89 Range $45.15 - $51.84

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2015	114,800	$6,907	$48.88	$42.96 - $53.79
Q2 2015	150,100	$9,380	$51.10	$45.67 - $57.26
Q1 2015	74,800	$5,849	$57.22	$52.57 - $61.10
Q4 2014	8,700	$679	$51.38	$40.86 - $57.69
Q3 2014	16,200	$1,034	$47.89	$45.15 - $51.84