X0306 4 2015-04-06 0 0001481792 Quad/Graphics, Inc. QUAD 0001495362 Fowler John C C/O QUAD/GRAPHICS, INC. N61 W23044 HARRY'S WAY SUSSEX WI 53089 0 1 0 0 Vice Chairman & EVP Class A Common Stock 2015-04-06 5 G 0 14816 0 D 190057 D Class A Common Stock 2015-04-06 5 G 0 14816 0 A 14816 I By Spouse 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 119837 119837 I As trustee - HVQ for Richard Class B Common Stock Class A Common Stock 126488 126488 I As trustee - HVQ for Kathryn Class B Common Stock Class A Common Stock 126504 126504 I As trustee - HVQ for Joel Class B Common Stock Class A Common Stock 126473 126473 I As trustee - HVQ for Elizabeth Class B Common Stock Class A Common Stock 111660 111660 I As trustee - HRQ 2010 Tr. 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 the HVQ 1992 Descendants Trust f/b/o H. Richard Quadracci. The reporting person is a trustee of the trust. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein. As Trustee for the HVQ 1992 Descendants Trust f/b/o H. Kathryn Q. Flores. The reporting person is a trustee of the trust. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein. As Trustee for the HVQ 1992 Descendants Trust f/b/o J. Joel Quadracci. The reporting person is a trustee of the trust. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein. As Trustee for the HVQ 1992 Descendants Trust f/b/o Elizabeth Q. Harned. The reporting person is a trustee of the trust. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein. As Trustee for the HRQ 2010 Trust. The reporting person is a trustee of the trust. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein. /s/ Jennifer J. Kent, Attorney-In-Fact for John C. Fowler 2015-04-15