QUAD / GRAPHICS INC

Ticker: QUAD CUSIP: 747301109 Class: COM CL A

K2 PRINCIPAL FUND, L.P.'s Holding History (CIK: 0001461790)

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

Q2 2019

Shares 77,110 Value ($000) $610 Avg Close $10.47 Range $7.22 - $12.88

Q1 2019

Shares 151,990 Value ($000) $1,809 Avg Close $13.41 Range $10.91 - $16.88

Q2 2015

Shares 20,593 Value ($000) $381 Avg Close $21.06 Range $18.39 - $23.39

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2019	77,110	$610	$10.47	$7.22 - $12.88
Q1 2019	151,990	$1,809	$13.41	$10.91 - $16.88
Q2 2015	20,593	$381	$21.06	$18.39 - $23.39