QUAD / GRAPHICS INC

Ticker: QUAD CUSIP: 747301109 Class: COM CL A

DENALI ADVISORS LLC's Holding History (CIK: 0001142941)

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

Q3 2015

Shares 100 Value ($000) $1 Avg Close $15.17 Range $12.00 - $18.72

Q2 2015

Shares 100 Value ($000) $2 Avg Close $21.06 Range $18.39 - $23.39

Q4 2014

Shares 4,800 Value ($000) $110 Avg Close $21.11 Range $18.11 - $23.50

Q3 2014

Shares 59,200 Value ($000) $1,140 Avg Close $21.65 Range $19.23 - $23.09

Q2 2014

Shares 68,100 Value ($000) $1,523 Avg Close $21.47 Range $18.90 - $23.88

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2015	100	$1	$15.17	$12.00 - $18.72
Q2 2015	100	$2	$21.06	$18.39 - $23.39
Q4 2014	4,800	$110	$21.11	$18.11 - $23.50
Q3 2014	59,200	$1,140	$21.65	$19.23 - $23.09
Q2 2014	68,100	$1,523	$21.47	$18.90 - $23.88