Form 8.3 - International Paper Company

D E Shaw & Co LP

30 May 2024

 

FORM 8.3

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY

A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE

Rule 8.3 of the Takeover Code (the "Code")

1.         KEY INFORMATION

(a) Full name of discloser:	D. E. Shaw & Co., L.P.
(b) Owner or controller of interests and short positions disclosed, if different from 1(a):      The naming of nominee or vehicle companies is insufficient.  For a trust, the trustee(s), settlor and beneficiaries must be named.
(c) Name of offeror/offeree in relation to whose relevant securities this form relates:      Use a separate form for each offeror/offeree	International Paper Company
(d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:
(e) Date position held/dealing undertaken:      For an opening position disclosure, state the latest practicable date prior to the disclosure	May 29, 2024
(f)  In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?      If it is a cash offer or possible cash offer, state "N/A"	Yes, the discloser has previously made disclosures in respect of Smith (DS) plc

2.         POSITIONS OF THE PERSON MAKING THE DISCLOSURE

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

(a)        Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

Class of relevant security:	common stock
	Interests		Short positions
	Number	%	Number	%
(1) Relevant securities owned and/or controlled:	28,309	0.00%	504,085	0.14%
(2) Cash-settled derivatives:
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	489,200	0.14%	537,900	0.15%
TOTAL:	517,509	0.14%	1,041,985	0.30%

All interests and all short positions should be disclosed.

Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

(b)        Rights to subscribe for new securities (including directors' and other employee options)

Class of relevant security in relation to which subscription right exists:
Details, including nature of the rights concerned and relevant percentages:

3.         DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

The currency of all prices and other monetary amounts should be stated.

(a)        Purchases and sales

Class of relevant security	Purchase/sale	Number of securities	Price per unit
common stock	Purchase	260	USD 44.23
common stock	Purchase	510	USD 44.24
common stock	Purchase	100	USD 44.25
common stock	Purchase	1,991	USD 44.26
common stock	Purchase	1,508	USD 44.27
common stock	Purchase	2,640	USD 44.28
common stock	Purchase	1,549	USD 44.29
common stock	Purchase	2,066	USD 44.30
common stock	Purchase	1,094	USD 44.31
common stock	Purchase	1,523	USD 44.32
common stock	Purchase	1,520	USD 44.33
common stock	Purchase	1,797	USD 44.34
common stock	Purchase	3,884	USD 44.35
common stock	Purchase	1,338	USD 44.36
common stock	Purchase	1,378	USD 44.37
common stock	Purchase	3,371	USD 44.38
common stock	Purchase	4,322	USD 44.39
common stock	Purchase	22,458	USD 44.40
common stock	Purchase	2,834	USD 44.41
common stock	Purchase	1,537	USD 44.42
common stock	Purchase	2,025	USD 44.43
common stock	Purchase	2,458	USD 44.44
common stock	Purchase	794	USD 44.45
common stock	Purchase	876	USD 44.46
common stock	Purchase	881	USD 44.47
common stock	Purchase	586	USD 44.48
common stock	Purchase	2,217	USD 44.49
common stock	Purchase	4,163	USD 44.50
common stock	Purchase	2,217	USD 44.51
common stock	Purchase	1,570	USD 44.52
common stock	Purchase	894	USD 44.53
common stock	Purchase	300	USD 44.54
common stock	Purchase	36	USD 44.55
common stock	Purchase	1,026	USD 44.56
common stock	Purchase	773	USD 44.57
common stock	Purchase	2,435	USD 44.59
common stock	Purchase	1,736	USD 44.60
common stock	Purchase	2,103	USD 44.61
common stock	Purchase	1,463	USD 44.62
common stock	Purchase	1,962	USD 44.63
common stock	Purchase	364	USD 44.64
common stock	Purchase	527	USD 44.65
common stock	Purchase	2,137	USD 44.66
common stock	Purchase	1,235	USD 44.67
common stock	Purchase	100	USD 44.68
common stock	Purchase	842	USD 44.69
common stock	Purchase	692	USD 44.70
common stock	Purchase	105	USD 44.72
common stock	Purchase	2,153	USD 44.73
common stock	Purchase	1,182	USD 44.74
common stock	Purchase	796	USD 44.75
common stock	Purchase	2,990	USD 44.76
common stock	Purchase	4,497	USD 44.77
common stock	Purchase	1,953	USD 44.78
common stock	Purchase	369	USD 44.79
common stock	Purchase	4,376	USD 44.80
common stock	Purchase	1,299	USD 44.81
common stock	Purchase	1,188	USD 44.82

(b)        Cash-settled derivative transactions

Class of relevant security	Product description e.g. CFD	Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position	Number of reference securities	Price per unit

(c)        Stock-settled derivative transactions (including options)

(i)         Writing, selling, purchasing or varying

Class of relevant security	Product description e.g. call option	Writing, purchasing, selling, varying etc.	Number of securities to which option relates	Exercise price per unit	Type e.g. American, European etc.	Expiry date	Option money paid/ received per unit
common stock	Listed Call Option	Writing	1,700	USD 45.00	American	20240607	USD 0.90
common stock	Listed Call Option	Writing	2,300	USD 45.00	American	20240607	USD 0.95
common stock	Listed Call Option	Writing	6,100	USD 45.50	American	20240607	USD 0.55
common stock	Listed Call Option	Writing	1,800	USD 45.50	American	20240607	USD 0.75
common stock	Listed Call Option	Writing	2,200	USD 46.00	American	20240607	USD 0.55
common stock	Listed Call Option	Writing	400	USD 46.00	American	20240607	USD 0.60
common stock	Listed Call Option	Writing	2,800	USD 46.50	American	20240607	USD 0.35
common stock	Listed Call Option	Writing	7,100	USD 47.50	American	20240816	USD 1.75
common stock	Listed Put Option	Writing	200	USD 42.50	American	20240816	USD 1.95
common stock	Listed Put Option	Writing	6,600	USD 42.50	American	20240816	USD 2.00
common stock	Listed Put Option	Writing	200	USD 42.50	American	20240816	USD 2.05
common stock	Listed Put Option	Writing	1,200	USD 45.00	American	20240816	USD 3.20
common stock	Listed Put Option	Writing	3,600	USD 47.50	American	20240816	USD 4.50

(ii)        Exercise

Class of relevant security

Product description e.g. call option

Exercising/ exercised against

Number of securities

Exercise price per unit

(d)        Other dealings (including subscribing for new securities)

Class of relevant security	Nature of dealing e.g. subscription, conversion	Details	Price per unit (if applicable)

4.         OTHER INFORMATION

(a)        Indemnity and other dealing arrangements

Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer: Irrevocable commitments and letters of intent should not be included.  If there are no such agreements, arrangements or understandings, state "none"

(b)        Agreements, arrangements or understandings relating to options or derivatives

Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to: (i)  the voting rights of any relevant securities under any option; or (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state "none"

(c)        Attachments

Is a Supplemental Form 8 (Open Positions) attached?

YES

Date of disclosure:	May 30, 2024
Contact name:	Kevin Krist (Compliance Department)
Telephone number*:	[phone]

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

The Panel's Market Surveillance Unit is available for consultation in relation to the Code's disclosure requirements on [phone].

*If the discloser is a natural person, a telephone number does not need to be included, provided contact information has been provided to the Panel's Market Surveillance Unit.

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.

SUPPLEMENTAL FORM 8 (OPEN POSITIONS)

DETAILS OF OPEN STOCK-SETTLED DERIVATIVE (INCLUDING OPTION) POSITIONS, AGREEMENTS TO PURCHASE OR SELL ETC.

Note 5(i) on Rule 8 of the Takeover Code (the "Code")

1.         KEY INFORMATION

Full name of person making disclosure:	D. E. Shaw & Co., L.P.
Name of offeror/offeree in relation to whose relevant securities the disclosure relates:	International Paper Company

2.         STOCK-SETTLED DERIVATIVES (INCLUDING OPTIONS)

Class of relevant security	Product description e.g. call option	Written or purchased	Number of securities to which option or derivative relates	Exercise price per unit	Type e.g. American, European etc.	Expiry date
common stock	Listed Call Option	Purchased	90,000	USD 47.50	American	20250117
common stock	Listed Call Option	Written	4,200	USD 35.00	American	20240719
common stock	Listed Call Option	Written	2,000	USD 37.50	American	20240816
common stock	Listed Call Option	Written	6,800	USD 40.00	American	20240719
common stock	Listed Call Option	Written	5,700	USD 40.00	American	20240816
common stock	Listed Call Option	Written	12,100	USD 41.50	American	20240621
common stock	Listed Call Option	Written	251,300	USD 42.50	American	20240621
common stock	Listed Call Option	Written	21,600	USD 42.50	American	20240719
common stock	Listed Call Option	Written	7,400	USD 42.50	American	20240816
common stock	Listed Call Option	Written	200,000	USD 45.00	American	20240621
common stock	Listed Call Option	Written	600	USD 45.00	American	20240719
common stock	Listed Call Option	Written	4,000	USD 45.00	American	20240607
common stock	Listed Call Option	Written	7,900	USD 45.50	American	20240607
common stock	Listed Call Option	Written	4,400	USD 46.00	American	20240607
common stock	Listed Call Option	Written	2,800	USD 46.50	American	20240607
common stock	Listed Call Option	Written	7,100	USD 47.50	American	20240816
common stock	Listed Put Option	Written	200,000	USD 35.00	American	20240621
common stock	Listed Put Option	Written	12,500	USD 35.00	American	20240719
common stock	Listed Put Option	Written	10,500	USD 35.00	American	20240816
common stock	Listed Put Option	Written	150,000	USD 37.50	American	20240719
common stock	Listed Put Option	Written	4,700	USD 40.00	American	20240719
common stock	Listed Put Option	Written	9,700	USD 42.50	American	20240719
common stock	Listed Put Option	Written	7,000	USD 42.50	American	20240816
common stock	Listed Put Option	Written	1,200	USD 45.00	American	20240816
common stock	Listed Put Option	Written	3,600	USD 47.50	American	20240816

3.         AGREEMENTS TO PURCHASE OR SELL ETC.

Full details should be given so that the nature of the interest or position can be fully understood:

It is not necessary to provide details on a Supplemental Form (Open Positions) with regard to cash-settled derivatives.

The currency of all prices and other monetary amounts should be stated.

The Panel's Market Surveillance Unit is available for consultation in relation to the Code's disclosure requirements on [phone].

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.

 

END