X0304 4 2011-11-30 0 0001481792 Quad/Graphics, Inc. QUAD 0001495363 Quadracci J Joel C/O QUAD/GRAPHICS, INC. N63 W23075 HIGHWAY 74 SUSSEX WI 53089 1 1 0 0 Chairman, Pres. & CEO Class A Common Stock 2011-11-30 4 P 0 61900 16.0205 A 142084 D Class A Common Stock 96256 I As trustee - JJQ Trust Class A Common Stock 3326 I By 401(a) Plan Stock Options (Right to Buy) 41.26 2021-01-01 Class A Common Stock 119643 119643 D Class B Common Stock Class A Common Stock 114381 114381 D Class B Common Stock Class A Common Stock 2517 2517 I By spouse Class B Common Stock Class A Common Stock 7 7 I As trustee - AQH Tr Class B Common Stock Class A Common Stock 92 92 I As trustee - EQH Tr Class B Common Stock Class A Common Stock 1752 1752 I As trustee - HRQ for Joel Class B Common Stock Class A Common Stock 223 223 I As trustee - HVQF Tr Class B Common Stock Class A Common Stock 5480 5480 I As trustee - IMF Tr Class B Common Stock Class A Common Stock 103900 103900 I As trustee - JJQ Tr Class B Common Stock Class A Common Stock 53 53 I As trustee - KBH Tr Class B Common Stock Class A Common Stock 3148 3148 I As trustee - KMF Tr Class B Common Stock Class A Common Stock 22 22 I As trustee - WVH Tr The price in Column 4 is a weighted average price. The prices actually paid ranged from $15.85 to $16.10. 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 purchased at each price within the range for all transactions reported in this Form 4 utilizing an average weighted price. As Trustee for the James Joel Quadracci 2007 Descendants Trust. The reporting person is a trustee of the trust and is a current or future beneficiary thereof. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein. Vests and becomes exercisable in three equal annual installments beginning on January 1, 2013. 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. Represents deposit into voting trust of shares previously reported as owned as Trustee for the Alexander Q. Harned 2007 Trust. The reporting person is a trustee of the trust and is a current or future beneficiary thereof. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein. Represents deposit into voting trust of shares previously reported as owned as Trustee for the Elizabeth Quadracci Harned 2003 Trust. The reporting person is a trustee of the trust and is a current or future beneficiary thereof. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein. Represents deposit into voting trust of shares previously reported as owned as Trustee for the HRQ 1990 Descendants Trust. The reporting person is a trustee of the trust and is a current or future beneficiary thereof. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein. Represents deposit into voting trust of shares previously reported as owned as Trustee for the Harry Virgil Quadracci Flores 2002 Trust. The reporting person is a trustee of the trust and is a current or future beneficiary thereof. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein. Represents deposit into voting trust of shares previously reported as owned as Trustee for the Isabella Marion Flores 1999 Trust. The reporting person is a trustee of the trust and is a current or future beneficiary thereof. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein. Represents deposit into voting trust of shares previously reported as owned as Trustee for the Kathryn B. Harned 2004 Trust. The reporting person is a trustee of the trust and is a current or future beneficiary thereof. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein. Represents deposit into voting trust of shares previously reported as owned as Trustee for the Kaitlin Mary Flores 2000 Trust. The reporting person is a trustee of the trust and is a current or future beneficiary thereof. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein. Represents deposit into voting trust of shares previously reported as owned as Trustee for the William V. Harned 2006 Trust. The reporting person is a trustee of the trust and is a current or future beneficiary thereof. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein. /s/ Andrew R. Schiesl, Attorney-In-Fact for J. Joel Quadracci 2011-11-30