X0306 4 2013-08-12 0 0001481792 Quad/Graphics, Inc. QUAD 0001495362 Fowler John C C/O QUAD/GRAPHICS, INC. N63 W23075 HIGHWAY 74 SUSSEX WI 53089 0 1 0 0 Executive VP and CFO Class A Common Stock 2013-08-12 4 S 0 18279 32.0371 D 129180 D Class A Common Stock 17471 I As co-trustee - HVQ Life Ins. Tr. Class A Common Stock 11488 I By 401(a) Plan Stock Options (Right to Buy) 13.4708 2012-05-14 2021-11-18 Class A Common Stock 7350 7350 D Stock Options (Right to Buy) 19.12 2012-05-14 2021-11-18 Class A Common Stock 6500 6500 D Stock Options (Right to Buy) 13.4708 2012-05-14 2021-11-18 Class A Common Stock 17500 17500 D Stock Options (Right to Buy) 13.4708 2012-05-14 2021-11-18 Class A Common Stock 10000 10000 D Stock Options (Right to Buy) 23.37 2017-01-31 Class A Common Stock 318000 318000 D Stock Options (Right to Buy) 29.37 2019-01-31 Class A Common Stock 30000 30000 D Stock Options (Right to Buy) 15.37 2020-01-31 Class A Common Stock 30000 30000 D Stock Options (Right to Buy) 16.62 2020-01-31 Class A Common Stock 45000 45000 D Stock Options (Right to Buy) 41.26 2021-01-01 Class A Common Stock 34218 34218 D Stock Options (Right to Buy) 14.14 2022-01-01 Class A Common Stock 34218 34218 D Class B Common Stock Class A Common Stock 51614 51614 I As co-trustee - HVQ Life Ins. Tr. Class B Common Stock Class A Common Stock 800000 800000 I By GRATs The price in Column 4 is a weighted average price. The prices actually received ranged from $31.75 to $32.215. 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 sold at each price within the range for all transactions reported in this Form 4 utilizing a weighted average price. As Trustee for the Harry V. Quadracci Life Insurance Trust. The reporting person disclaims beneficial ownership of the reported securities. Became exercisable as to 263,940 shares on May 14, 2012, and the remaining shares became exercisable on November 18, 2012. Vests and becomes exercisable in two equal annual installments beginning on November 18, 2012. Vests and becomes exercisable in three equal annual installments beginning on November 18, 2012. Became exercisable as to 14,850 shares on May 14, 2012, and become exercisable ratably over the next three years with respect to the remaining shares beginning on November 18, 2012. Vests and becomes exercisable in three equal annual installments beginning on January 1, 2013. Vests and becomes exercisable in three equal annual installments beginning on January 1, 2014. 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. As Trustee for certain GRATs established by Betty Ewens Quadracci. The reporting person disclaims beneficial ownership of the reported securities. /s/ Andrew R. Schiesl, Attorney-In-Fact for John C. Fowler 2013-08-14