X0303 4 2010-12-27 0 0001481792 Quad/Graphics, Inc. QUAD 0001309337 Harned Christopher B C/O QUAD/GRAPHICS, INC. N63 W23075 HIGHWAY 74 SUSSEX WI 53089 1 0 0 0 Class A Common Stock 19527 D Class A Common Stock 2010-12-27 5 Z 0 1423 0 D 0 I As trustee - HRQ for Elizabeth Class A Common Stock 36573 I By Spouse Class B Common Stock Class A Common Stock 1723 1723 I As trustee - HRQ for Elizabeth Class B Common Stock Class A Common Stock 104077 104077 I By Spouse Stock Options (Right to Buy) 41.25 2017-01-31 Class A Common Stock 5000 5000 D Stock Options (Right to Buy) 34.75 2018-01-31 Class A Common Stock 2500 2500 D Stock Options (Right to Buy) 20.75 2019-01-31 Class A Common Stock 2500 2500 D Stock Options (Right to Buy) 22.00 2020-01-31 Class A Common Stock 7500 7500 D Represents deposit into voting trust of shares previously reported as owned as Trustee for the HRQ 1990 Descendants Trust. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein. Class B Common Stock is convertible into Class A Common Stock on a 1-for-1 basis at no cost and has no expiration date. 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. 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/ Russell E. Ryba, Attorney-In-fact 2010-12-29