QUAD / GRAPHICS INC

Ticker: QUAD CUSIP: 747301109 Class: COM CL A

HBK INVESTMENTS L P's Holding History (CIK: 0001011443)

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

Q1 2019

Shares 150,885 Value ($000) $1,796 Avg Close $13.41 Range $10.91 - $16.88

Q4 2018

Shares 110,400 Value ($000) $1,360 Avg Close $16.13 Range $11.56 - $21.08

Q3 2018

Shares 62,567 Value ($000) $1,304 Avg Close $21.57 Range $19.71 - $24.93

Q2 2018

Shares 51,400 Value ($000) $1,071 Avg Close $21.85 Range $17.73 - $26.30

Q1 2018

Shares 40,061 Value ($000) $1,016 Avg Close $24.35 Range $19.56 - $31.29

Q4 2017

Shares 48,451 Value ($000) $1,095 Avg Close $22.68 Range $20.80 - $24.04

Q3 2017

Shares 89,784 Value ($000) $2,030 Avg Close $20.68 Range $18.16 - $23.61

Q2 2017

Shares 87,200 Value ($000) $1,999 Avg Close $23.80 Range $21.54 - $29.04

Q1 2017

Shares 57,000 Value ($000) $1,439 Avg Close $25.63 Range $21.33 - $28.40

Q4 2016

Shares 96,785 Value ($000) $2,602 Avg Close $25.88 Range $22.76 - $28.64

Q3 2016

Shares 188,600 Value ($000) $5,039 Avg Close $26.53 Range $22.63 - $29.50

Q2 2016

Shares 112,100 Value ($000) $2,611 Avg Close $16.96 Range $11.83 - $23.29

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2019	150,885	$1,796	$13.41	$10.91 - $16.88
Q4 2018	110,400	$1,360	$16.13	$11.56 - $21.08
Q3 2018	62,567	$1,304	$21.57	$19.71 - $24.93
Q2 2018	51,400	$1,071	$21.85	$17.73 - $26.30
Q1 2018	40,061	$1,016	$24.35	$19.56 - $31.29
Q4 2017	48,451	$1,095	$22.68	$20.80 - $24.04
Q3 2017	89,784	$2,030	$20.68	$18.16 - $23.61
Q2 2017	87,200	$1,999	$23.80	$21.54 - $29.04
Q1 2017	57,000	$1,439	$25.63	$21.33 - $28.40
Q4 2016	96,785	$2,602	$25.88	$22.76 - $28.64
Q3 2016	188,600	$5,039	$26.53	$22.63 - $29.50
Q2 2016	112,100	$2,611	$16.96	$11.83 - $23.29