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WHIPPOORWILL ASSOCIATES, INC.
> IP
| Date | Name | Ticker | Shares | Change | Value | Change | Price |
| 09/30/2015 | INTERNATIONAL PAPER CO /NEW/ | IP | 0 | -26,211 | 0 | -952,000 | |
| 06/30/2015 | INTERNATIONAL PAPER CO /NEW/ | IP | 0 | -26,211 | 0 | -952,000 | |
| 03/31/2015 | INTERNATIONAL PAPER CO /NEW/ | IP | 0 | -26,211 | 0 | -952,000 | |
| 12/31/2014 | INTERNATIONAL PAPER CO /NEW/ | IP | 0 | -26,211 | 0 | -952,000 | |
| 09/30/2014 | INTERNATIONAL PAPER CO /NEW/ | IP | 0 | -26,211 | 0 | -952,000 | |
| 06/30/2014 | INTERNATIONAL PAPER CO /NEW/ | IP | 0 | -26,211 | 0 | -952,000 | |
| 03/31/2014 | INTERNATIONAL PAPER CO /NEW/ | IP | 0 | -26,211 | 0 | -952,000 | |
| 12/31/2013 | INTERNATIONAL PAPER CO /NEW/ | IP | 0 | -26,211 | 0 | -952,000 | |
| 09/30/2012 | INTERNATIONAL PAPER CO /NEW/ | IP | 26,211 | -30,000 | 952,000 | -673,000 | $36.32 |
| 06/30/2012 | INTERNATIONAL PAPER CO /NEW/ | IP | 56,211 | -44,800 | 1,625,000 | -1,920,000 | $28.91 |
| 03/31/2012 | INTERNATIONAL PAPER CO /NEW/ | IP | 101,011 | -95,000 | 3,545,000 | -1,012,000 | $35.10 |
| 12/31/2011 | INTERNATIONAL PAPER CO /NEW/ | IP | 171,011 | -25,000 | 5,062,000 | 505,000 | $29.60 |
| 09/30/2011 | INTERNATIONAL PAPER CO /NEW/ | IP | 196,011 | 25,000 | 4,557,000 | -543,000 | $23.25 |
| 06/30/2011 | INTERNATIONAL PAPER CO /NEW/ | IP | 171,011 | 45,000 | 5,100,000 | 1,297,000 | $29.82 |
| 03/31/2011 | INTERNATIONAL PAPER CO /NEW/ | IP | 126,011 | 126,011 | 3,803,000 | 3,803,000 | $30.18 |
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