This is a citation (urkunde) of the Fallschirmschützen abzeichen.
It was awarded to Gefreiten Franz Stegmüller of 6./136 on 1 juli 1940.
The citation is folded and has some stains and age spots (particularly on the reverse), nothing really disturbing though.
There is a “Spechthausen” watermark in the paper.
This is a very hard to find citation!