X0306 4 2017-11-28 0 0001481792 Quad/Graphics, Inc. QUAD 0001595041 Flores Kathryn Quadracci QUAD/GRAPHICS, INC. N61 W23044 HARRY'S WAY SUSSEX WI 53089-3995 1 0 0 0 Class A Common Stock 2017-11-28 4 S 0 24079 21.8775 D 69081 D Class A Common Stock 2017-11-29 4 S 0 42028 21.8573 D 27053 D Class A Common Stock 28736 I As trustee - HRQ 2014 Trust Class A Common Stock 1675 I By 401(a) Plan Class B Common Stock Class A Common Stock 4976 4976 D Class B Common Stock Class A Common Stock 14915 14915 I As trustee - HRQ 2014 Trust The price in Column 4 is a weighted average price. The prices actually received ranged from $21.85 to $21.98. 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. The price in Column 4 is a weighted average price. The prices actually received ranged from $21.85 to $21.96. 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. 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/ Jennifer J. Kent, Attorney-in-Fact for Kathryn Quadracci Flores 2017-11-30