X0304 4 2011-09-08 0 0001481792 Quad/Graphics, Inc. QUAD 0001180042 ABRAHAM WILLIAM J JR C/O QUAD/GRAPHICS, INC. N63 W23075 HIGHWAY 74 SUSSEX WI 53089 1 0 0 0 Class A Common Stock 2011-09-08 4 P 0 5000 20.4438 A 9784 D Stock Option (Right to Buy) 36.50 2014-01-31 Class A Common Stock 2500 2500 D Stock Option (Right to Buy) 41.25 2017-01-31 Class A Common Stock 7500 7500 D Stock Option (Right to Buy) 29.77 2018-01-31 Class A Common Stock 2500 2500 D Stock Option (Right to Buy) 15.77 2019-01-31 Class A Common Stock 2500 2500 D Stock Option (Right to Buy) 17.02 2020-01-31 Class A Common Stock 7500 7500 D The price in Column 4 is a weighted average price. The prices actually paid ranged from $20.39 to $20.45. The reporting person has provided to the issuer, and will provide to any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares purchased at each price within the range for all transactions reported in this Form 4 utilizing a weighted average price. Vests with respect to 1/3 of the underlying shares of class A common stock on each of the first three anniversaries of the January 1, 2004 grant date, and becomes exercisable to the extent vested on the third and sixth anniversaries of the grant date, a change of control of Quad/Graphics, Inc. or a separation from service. Vests with respect to 1/3 of the underlying shares of class A common stock on each of the first three anniversaries of the January 1, 2007 grant date, and becomes exercisable to the extent vested on the third and sixth anniversaries of the grant date, a change of control of Quad/Graphics, Inc. or a separation from service. The exercise price of this option is subject to reduction by the amount of any non-tax cash dividends paid by the Company on the underlying stock. Vests with respect to 1/3 of the underlying shares of class A common stock on each of the first three anniversaries of the January 1, 2008 grant date, and becomes exercisable to the extent vested on the third and sixth anniversaries of the grant date, a change of control of Quad/Graphics, Inc. or a separation from service. Vests with respect to 1/3 of the underlying shares of class A common stock on each of the first three anniversaries of the January 1, 2009 grant date, and becomes exercisable to the extent vested on the third and sixth anniversaries of the grant date, a change of control of Quad/Graphics, Inc. or a separation from service. Vests with respect to 1/3 of the underlying shares of class A common stock on each of the first three anniversaries of the January 1, 2010 grant date, and becomes exercisable to the extent vested on the third and sixth anniversaries of the grant date, a change of control of Quad/Graphics, Inc. or a separation from service. /s/ Andrew R. Schiesl, Attorney-In-Fact 2011-09-09