QUAD / GRAPHICS INC

Ticker: QUAD CUSIP: 747301109 Class: COM CL A

RATIONAL ADVISORS LLC's Holding History (CIK: 0001143565)

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

Q1 2017

Shares 1,400 Value ($000) $35 Avg Close $25.63 Range $21.33 - $28.40

Q4 2016

Shares 3,000 Value ($000) $81 Avg Close $25.88 Range $22.76 - $28.64

Q3 2016

Shares 5,200 Value ($000) $139 Avg Close $26.53 Range $22.63 - $29.50

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2017	1,400	$35	$25.63	$21.33 - $28.40
Q4 2016	3,000	$81	$25.88	$22.76 - $28.64
Q3 2016	5,200	$139	$26.53	$22.63 - $29.50