X0304 4 2012-03-08 0 0001325281 KAPSTONE PAPER & PACKAGING CORP KS 0001385765 Keneally Timothy P 1101 SKOKIE BLVD SUITE 300 NORTHBROOK IL 60062 0 1 0 0 VP and General Manager Common Stock 2012-03-08 4 M 0 19274 3.70 A 71950 D Common Stock 2012-03-08 4 S 0 19274 20.00 D 52676 D Shares acquired pursuant to the exercise of Options granted 5/13/2009. Vesting schedule: options exercisable 5/13/11 - 30,274; options exercisable 5/13/12 - 30,274 Andrea K. Tarbox by Power of Attorney 2012-03-12