QUAD / GRAPHICS INC

Ticker: QUAD CUSIP: 747301109 Class: COM CL A

Skylands Capital, LLC's Holding History (CIK: 0001299910)

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

Q2 2014

Shares 12,400 Value ($000) $277 Avg Close $21.47 Range $18.90 - $23.88

Q1 2014

Shares 13,900 Value ($000) $326 Avg Close $23.87 Range $21.68 - $27.12

Q4 2013

Shares 13,900 Value ($000) $378 Avg Close $28.34 Range $23.76 - $36.89

Q3 2013

Shares 19,200 Value ($000) $583 Avg Close $29.51 Range $24.09 - $34.52

Q2 2013

Shares 31,950 Value ($000) $770 Avg Close $22.74 Range $19.60 - $25.00

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2014	12,400	$277	$21.47	$18.90 - $23.88
Q1 2014	13,900	$326	$23.87	$21.68 - $27.12
Q4 2013	13,900	$378	$28.34	$23.76 - $36.89
Q3 2013	19,200	$583	$29.51	$24.09 - $34.52
Q2 2013	31,950	$770	$22.74	$19.60 - $25.00