X0306 4 2017-03-01 0 0001481792 Quad/Graphics, Inc. QUAD 0001495576 Vanderboom Kelly A C/O QUAD/GRAPHICS, INC. N61 W23044 HARRY'S WAY SUSSEX WI 53089 0 1 0 0 VP & Treasurer * Class A Common Stock 2017-03-01 4 F 0 4670 27.15 D 63044 D Class A Common Stock 2017-03-03 4 S 0 8488 27.6704 D 54556 D Class A Common Stock 1307 I By 401(a) Plan Stock Options (Right to Buy) 29.37 2018-01-31 Class A Common Stock 5000 5000 D Stock Options (Right to Buy) 41.26 2021-01-01 Class A Common Stock 4786 4786 D Reflects payment of tax liability by withholding shares of stock incident to the vesting of restricted stock previously issued. The price in Column 4 is a weighted average price. The prices actually received ranged from $27.61 to $27.75. 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. Became exercisable as to 2,000 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. * Vice President & Treasurer, President of Logistics /s/ Jennifer J. Kent, Attorney-In-Fact for Kelly A. Vanderboom 2017-03-03