X0306 4 2015-04-01 0 0001481792 Quad/Graphics, Inc. QUAD 0001309337 Harned Christopher B C/O QUAD/GRAPHICS, INC. N61 W23044 HARRY'S WAY SUSSEX WI 53089 1 0 0 0 Class A Common Stock 2015-04-01 4 A 0 4877 0 A 50447 D Class A Common Stock 66128 I By Spouse Stock Options (Right to Buy) 23.37 2012-05-14 2017-01-31 Class A Common Stock 5000 5000 D Stock Options (Right to Buy) 29.37 2012-05-14 2018-01-31 Class A Common Stock 2500 2500 D Stock Options (Right to Buy) 15.37 2012-05-14 2019-01-31 Class A Common Stock 2500 2500 D Stock Options (Right to Buy) 16.62 2020-01-31 Class A Common Stock 7500 7500 D Class B Common Stock Class A Common Stock 1723 1723 I As trustee - HRQ for Elizabeth Class B Common Stock Class A Common Stock 232748 232748 I By Spouse Includes 4,877 shares attributable to deferred stock units granted under the Quad/Graphics, Inc. 2010 Omnibus Incentive Plan that will be delivered to the reporting person on the earlier of April 1, 2017 or the reporting person's separation from service. Any dividend or other distribution paid with respect to class A common stock underlying the deferred stock units shall accrue and be converted into additional deferred stock units based on the closing price of class A common stock on any such dividend date. Includes 258 additional deferred stock units resulting from the payment of dividends on the class A common stock underlying deferred stock units previously granted. Became exercisable as to 5,025 shares on May 14, 2012, and the remaining shares became exercisable on November 18, 2012. 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. /s/ Russell E. Ryba, Attorney-In-Fact for Christopher B. Harned 2015-04-03