X0306 4 2019-11-04 0001481792 Quad/Graphics, Inc. QUAD 0001495588 Honan David J C/O QUAD/GRAPHICS, INC. N61 W23044 HARRY'S WAY SUSSEX WI 53089 1 EVP & CFO Class A Common Stock 2019-11-04 4 P 0 10000 4.583 A 241130 D Class A Common Stock 735.4747 I By 401(a) Plan Stock Options (Right to Buy) 41.26 2021-01-01 Class A Common Stock 7179 7179 D Price reported in column 4 is a weighted average price. Shares purchased at prices ranging from $4.535 to $4.61. The reporting person undertakes to provide to the Company, any shareholders of the Company, and the staff of the SEC, upon request, full information regarding the number of shares purchased at each separate price. Total includes 162,748 shares held by the Company to implement restrictions on transfer unless and until certain conditions are met. Shares acquired under the Company Savings Plan, based on information furnished by the Plan Administrator as of 9/30/2019. All options are fully vested and currently exercisable. /s/ Sherilyn R. Whitmoyer, attorney-in-fact for David J. Honan 2019-11-06