X0306 4 2017-03-28 1 0001669812 LSC Communications, Inc. LKSD 0000029669 RR Donnelley & Sons Co 35 WEST WACKER DRIVE CHICAGO IL 60601 0 0 1 0 Common Stock, par value $0.01 per share 2017-03-28 4 J 0 6242802 19.44 D 0 D On February 22, 2016, LSC Communications, Inc., a Delaware corporation ("LSC"), issued all 100 outstanding shares of LSC common stock to R. R. Donnelley & Sons Company, a Delaware corporation ("RRD"). On September 30, 2016 and simultaneously with the effectiveness of the amended and restated certificate of incorporation of LSC (the "Amended and Restated Certificate of Incorporation") that increased the number of authorized shares of common stock from 100 to 65,000,000, LSC effected a recapitalization (the "Recapitalization") of the 100 shares of common stock issued and outstanding, which Recapitalization converted such 100 shares into 32,430,139 shares of common stock, par value $0.01, of LSC (the "Common Stock"). On October 1, 2016 at 12:01 a.m., 26,187,337 shares of Common Stock, which was 80.75% of the Common Stock then outstanding, were distributed by RRD to its stockholders (the "Distribution"). Following the Distribution, RRD beneficially owned 6,242,802 shares of Common Stock, which was 19.25% of the then outstanding Common Stock. On March 28, 2017, RRD completed the sale (the "Sale") of 6,242,802 shares of Common Stock at a price of $19.44 per share (the public offering price, net of underwriting discounts and commissions of $0.81 per share) in an underwritten, public secondary offering. Immediately following the Sale, RRD owned no shares of Common Stock. /s/ Terry D. Peterson, Executive Vice President and Chief Financial Officer of R.R. Donnelley & Sons Company 2017-03-30