X0202 4 2007-05-14 0000051434 INTERNATIONAL PAPER CO /NEW/ IP 0001341981 Balduino Michael J C/O INTERNATIONAL PAPER COMPANY 6400 POPLAR AVENUE MEMPHIS TN 38197 0 1 0 0 Senior Vice President Common Stock 88976 D Common Stock 2939 I By SSP Common Stock Units 2007-05-14 4 A 0 26 38.89 A Common Stock 26 5290 I DCSP Share numbers are rounded. Reflects a deminimis sale on April 26, 2007 of a fractional share as a result of the reporting person closing a brokerage account. Represents shares of International Paper common stock held through the International Paper Salaried Savings Plan (SSP). This information is based on a plan statement as of April 30, 2007. The units are converted to cash based on the stock price of International Paper's common stock at the time of conversion. Distributions from the DCSP are made when a participant retires, terminates employment, becomes permanently disabled or dies. All distributions are paid in cash. The International Paper Company Deferred Compensation Savings Plan (DCSP) is an unfunded deferred compensation plan. Deferrals are placed into various fund equivalents offered by the DCSP, including investments in common stock equivalents of International Paper (units). Rebecca A. Bouldien, Attorney-in-Fact for Michael J. Balduino 2007-05-16