Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Expires: January 31, 2005
Estimated average burden hours per response... 0.5

(Print or Type Responses)
1. Name and Address of Reporting Person *
Fowler John C
  2. Issuer Name and Ticker or Trading Symbol
Quad/Graphics, Inc. [QUAD]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Vice Chairman & EVP
(Last)
(First)
(Middle)
C/O QUAD/GRAPHICS, INC., N61 W23044 HARRY'S WAY
3. Date of Earliest Transaction (Month/Day/Year)
04/01/2015
(Street)

SUSSEX, WI 53089
4. If Amendment, Date Original Filed(Month/Day/Year)
6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock 04/01/2015   A   43,347 (1) A $ 0 204,873 (1) D  
Class A Common Stock               17,471 I As co-trustee - HVQ Life Ins. Tr. (2)
Class A Common Stock               11,488 I By 401(a) Plan

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. SEC 1474 (9-02)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Options (Right to Buy) $ 13.4708             05/14/2012 11/18/2021 Class A Common Stock 7,350   7,350 D  
Stock Options (Right to Buy) $ 19.12             05/14/2012 11/18/2021 Class A Common Stock 6,500   6,500 D  
Stock Options (Right to Buy) $ 13.4708             05/14/2012 11/18/2021 Class A Common Stock 17,500   17,500 D  
Stock Options (Right to Buy) $ 13.4708             05/14/2012 11/18/2021 Class A Common Stock 10,000   10,000 D  
Stock Options (Right to Buy) $ 23.37               (3) 01/31/2017 Class A Common Stock 318,000   318,000 D  
Stock Options (Right to Buy) $ 29.37               (4) 01/31/2019 Class A Common Stock 30,000   30,000 D  
Stock Options (Right to Buy) $ 15.37               (5) 01/31/2020 Class A Common Stock 30,000   30,000 D  
Stock Options (Right to Buy) $ 16.62               (6) 01/31/2020 Class A Common Stock 45,000   45,000 D  
Stock Options (Right to Buy) $ 41.26               (7) 01/01/2021 Class A Common Stock 34,218   34,218 D  
Stock Options (Right to Buy) $ 14.14               (8) 01/01/2022 Class A Common Stock 34,218   34,218 D  
Class B Common Stock (9)               (9)   (9) Class A Common Stock 51,614   51,614 I As co-trustee - HVQ Life Ins. Tr. (2)
Class B Common Stock (9)               (9)   (9) Class A Common Stock 119,837   119,837 I As trustee - HVQ for Richard (10)
Class B Common Stock (9)               (9)   (9) Class A Common Stock 126,488   126,488 I As trustee - HVQ for Kathryn (11)
Class B Common Stock (9)               (9)   (9) Class A Common Stock 126,504   126,504 I As trustee - HVQ for Joel (12)
Class B Common Stock (9)               (9)   (9) Class A Common Stock 126,473   126,473 I As trustee - HVQ for Elizabeth (13)
Class B Common Stock (9)               (9)   (9) Class A Common Stock 111,660   111,660 I As trustee - HRQ 2010 Tr. (14)

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Fowler John C
C/O QUAD/GRAPHICS, INC.
N61 W23044 HARRY'S WAY
SUSSEX, WI 53089
      Vice Chairman & EVP  

Signatures

 /s/ Russell E. Ryba, Attorney-In-Fact for John C. Fowler   04/03/2015
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Includes 43,347 shares attributable to restricted stock units granted under the Quad/Graphics, Inc. 2010 Omnibus Incentive Plan that will vest on March 1,2018.
(2) As Trustee for the Harry V. Quadracci Life Insurance Trust. The reporting person disclaims beneficial ownership of the reported securities.
(3) Became exercisable as to 263,940 shares on May 14, 2012, and the remaining shares became exercisable on November 18, 2012.
(4) Vests and becomes exercisable in two equal annual installments beginning on November 18, 2012.
(5) Vests and becomes exercisable in three equal annual installments beginning on November 18, 2012.
(6) Became exercisable as to 14,850 shares on May 14, 2012, and become exercisable ratably over the next three years with respect to the remaining shares beginning on November 18, 2012.
(7) Vests and becomes exercisable in three equal annual installments beginning on January 1, 2013.
(8) Vests and becomes exercisable in three equal annual installments beginning on January 1, 2014.
(9) Class B Common Stock is convertible into Class A Common Stock on a 1-for-1 basis at no cost and has no expiration date.
(10) As Trustee for the HVQ 1992 Descendants Trust f/b/o H. Richard Quadracci. The reporting person is a trustee of the trust. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
(11) As Trustee for the HVQ 1992 Descendants Trust f/b/o H. Kathryn Q. Flores. The reporting person is a trustee of the trust. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
(12) As Trustee for the HVQ 1992 Descendants Trust f/b/o J. Joel Quadracci. The reporting person is a trustee of the trust. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
(13) As Trustee for the HVQ 1992 Descendants Trust f/b/o Elizabeth Q. Harned. The reporting person is a trustee of the trust. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
(14) As Trustee for the HRQ 2010 Trust. The reporting person is a trustee of the trust. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.