X0306 4 2016-02-08 0000051434 INTERNATIONAL PAPER CO /NEW/ IP 0001542883 Hoel William P INTERNATIONAL PAPER COMPANY 6400 POPLAR AVENUE MEMPHIS TN 38197 1 Senior Vice President Common Stock 2016-02-08 4 D 0 1446 0 D 184684 D Common Stock 2016-02-08 4 F 0 6916 34.97 D 177768 D Represents the difference between the actual shares acquired under the 2013-2015 Performance Share Plan ("PSP") based on actual corporate achievement against pre-established performance objectives and the target shares reported at the time of grant. Share numbers are rounded. Represents shares withheld from the PSP award for the payment of tax liability. /s/ Alan R. Haguewood, Attorney-in-Fact for William P. Hoel 2016-02-10