QUAD / GRAPHICS INC

Ticker: QUAD CUSIP: 747301109 Class: COM CL A

ANGELO GORDON & CO., L.P.'s Holding History (CIK: 0000860662)

Note: Option positions (PUT/CALL) are excluded.

Q4 2014
Shares 2,139,131 Value ($000) $49,114 Avg Close $21.11 Range $18.11 - $23.50
Q3 2014
Shares 2,139,131 Value ($000) $41,178 Avg Close $21.65 Range $19.23 - $23.09
Q2 2014
Shares 2,102,522 Value ($000) $47,033 Avg Close $21.47 Range $18.90 - $23.88
Q1 2014
Shares 2,102,522 Value ($000) $49,304 Avg Close $23.87 Range $21.68 - $27.12
Q4 2013
Shares 2,102,522 Value ($000) $57,252 Avg Close $28.34 Range $23.76 - $36.89
Q3 2013
Shares 2,102,522 Value ($000) $63,833 Avg Close $29.51 Range $24.09 - $34.52
Q2 2013
Shares 2,203,161 Value ($000) $53,096 Avg Close $22.74 Range $19.60 - $25.00