QUAD / GRAPHICS INC

Ticker: QUAD CUSIP: 747301109 Class: COM CL A

CAPITAL FUND MANAGEMENT S.A.'s Holding History (CIK: 0001323645)

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

Q4 2017

Shares 9,200 Value ($000) $208 Avg Close $22.68 Range $20.80 - $24.04

Q3 2017

Shares 14,400 Value ($000) $326 Avg Close $20.68 Range $18.16 - $23.61

Q1 2017

Shares 20,700 Value ($000) $522 Avg Close $25.63 Range $21.33 - $28.40

Q1 2016

Shares 14,985 Value ($000) $194 Avg Close $10.82 Range $7.32 - $13.89

Q2 2015

Shares 56,418 Value ($000) $1,044 Avg Close $21.06 Range $18.39 - $23.39

Q2 2014

Shares 14,789 Value ($000) $331 Avg Close $21.47 Range $18.90 - $23.88

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2017	9,200	$208	$22.68	$20.80 - $24.04
Q3 2017	14,400	$326	$20.68	$18.16 - $23.61
Q1 2017	20,700	$522	$25.63	$21.33 - $28.40
Q1 2016	14,985	$194	$10.82	$7.32 - $13.89
Q2 2015	56,418	$1,044	$21.06	$18.39 - $23.39
Q2 2014	14,789	$331	$21.47	$18.90 - $23.88