INTERNATIONAL PAPER CO /NEW/ | 2013 | FY | 3


The following summarizes PSP activity for the three years ending December 31, 2013: 
 
Share/Units

Weighted
Average
Grant Date
Fair Value

Outstanding at December 31, 2010
6,812,594


$23.31

Granted
4,314,376

28.04

Shares issued
(2,565,971
)
32.43

Forfeited
(500,940
)
25.07

Outstanding at December 31, 2011
8,060,059

22.83

Granted
3,641,911

31.57

Shares issued
(2,871,367
)
16.83

Forfeited
(169,748
)
28.89

Outstanding at December 31, 2012
8,660,855

28.37

Granted
3,148,445

40.76

Shares issued (a)
(3,262,760
)
32.48

Forfeited
(429,051
)
34.58

Outstanding at December 31, 2013
8,117,489


$31.20


(a)
Includes 356,542 units related to retirements or terminations that are held for payout until the end of the performance period.

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