FORM 5 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). Form 3 Holdings Reported Form 4 Transactions Reported

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person * MENCOFF SAMUEL M 2. Issuer Name and Ticker or Trading Symbol PACKAGING CORP OF AMERICA [PKG] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director _____ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) THREE FIRST NATIONAL PLAZA 3. Statement for Issuer's Fiscal Year Ended (Month/Day/Year) 12/31/2016 (Street) CHICAGO, IL 60602 4. If Amendment, Date Original Filed(Month/Day/Year) 6. Individual or Joint/Group Reporting (check applicable line) _X_ Form Filed by One Reporting Person ___ Form Filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned at end of Issuer's Fiscal Year (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Amount (A) or (D) Price Common Stock 10/15/2013   P4 1,582.88 A $ 57.1126 227,588.88 D   Common Stock 01/15/2014   P4 1,424.186 A $ 63.9211 229,013.066 D   Common Stock 04/15/2014   P4 1,349.81 A $ 67.8653 230,362.876 D   Common Stock 07/15/2014   P4 1,353.144 A $ 68.0971 231,716.02 D   Common Stock 10/15/2014   P4 1,508.109 A $ 61.4587 233,224.129 D   Common Stock 01/15/2015   P4 1,186.95 A $ 78.5961 234,411.079 D   Common Stock 04/15/2015   P4 1,640.323 A $ 78.598 236,051.402 D   Common Stock 07/15/2015   P4 2,073.477 A $ 62.6138 238,124.879 D   Common Stock 10/15/2015   P4 1,924.128 A $ 68.0665 240,049.007 D   Common Stock 01/15/2016   P4 2,231.836 A $ 59.1562 242,280.843 D   Common Stock 04/15/2016   P4 2,204.317 A $ 60.4516 244,485.16 D   Common Stock 07/15/2016   P4 1,900.551 A $ 70.7515 246,385.711 D   Common Stock 10/14/2016   P4 1,928.605 A $ 80.4846 248,314.316 D   Common Stock 04/15/2013   P4 436.66 A $ 44.8941 63,167.785 I Through family limited partnership Common Stock 07/15/2013   P4 501.419 A $ 50.3912 63,669.204 I Through family limited partnership Common Stock 10/15/2013   P4 445.921 A $ 57.1126 64,115.125 I Through family limited partnership Common Stock 01/15/2014   P4 401.214 A $ 63.9211 64,516.339 I Through family limited partnership Common Stock 04/15/2014   P4 380.261 A $ 67.8653 64,896.6 I Through family limited partnership Common Stock 07/15/2014   P4 381.2 A $ 68.0971 65,277.8 I Through family limited partnership Common Stock 10/15/2014   P4 424.856 A $ 61.4587 65,702.656 I Through family limited partnership Common Stock 01/15/2015   P4 334.381 A $ 78.5961 66,037.037 I Through family limited partnership Common Stock 04/15/2015   P4 462.103 A $ 78.598 66,499.14 I Through family limited partnership Common Stock 07/15/2015   P4 584.129 A $ 62.6138 67,083.269 I Through family limited partnership Common Stock 10/15/2015   P4 542.055 A $ 68.0665 67,625.324 I Through family limited partnership Common Stock 01/15/2016   P4 628.741 A $ 59.1562 68,254.065 I Through family limited partnership Common Stock 04/15/2016   P4 620.988 A $ 60.4516 68,875.053 I Through family limited partnership Common Stock 07/15/2016   P4 535.413 A $ 70.7515 69,410.466 I Through family limited partnership Common Stock 10/14/2016   P4 543.316 A $ 80.4846 69,953.782 I Through family limited partnership

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SEC 2270 (9-02)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code (Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date (Month/Day/Year)

7. Title and Amount of Underlying Securities (Instr. 3 and 4)

8. Price of Derivative Security (Instr. 5)

9. Number of Derivative Securities Beneficially Owned at End of Issuer's Fiscal Year (Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
MENCOFF SAMUEL M THREE FIRST NATIONAL PLAZA CHICAGO, IL 60602	  X	Â	Â	Â

Signatures

Kent A. Pflederer, attorney in fact		02/14/2017
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
  Remarks: All transactions reported herein reflect the automatic reinvestment of dividends paid on issuer's common stock through reporting person's brokerage account.  Reporting person discovered that such transactions had not been reported due to administrative oversight.

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