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
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(Print or Type Responses)
1. Name and Address of Reporting Person *
DAVIS JOE R
   2. Issuer Name and Ticker or Trading Symbol
CONSOLIDATED GRAPHICS INC /TX/ [CGX] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director __X__ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Chief Executive Officer
(Last)
(First)
(Middle)
CONSOLIDATED GRAPHICS, 5858 WESTHEIMER SUITE 200		 3. Date of Earliest Transaction (Month/Day/Year)
08/30/2006
(Street)

HOUSTON, TX 77057		 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
Common Stock 08/30/2006 08/30/2006 S   750,000 D $ 61.22 (1) 804,800 D  

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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
Option to purchase common stock/restricted stock units (2)               (3)   (4) Common Stock 1,112,500   1,112,500 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
DAVIS JOE R
CONSOLIDATED GRAPHICS
5858 WESTHEIMER SUITE 200
HOUSTON, TX 77057		   X   X   Chief Executive Officer  

Signatures

 Joe R. Davis   09/01/2006
**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) Block trade for net proceeds of $45,915,000, equal to $61.22 per share.
(2) As previously reported, 1,100,000 options to purchase common stock as follows: 250,000 @ $53.25; 300,000 @ $11.4375; 50,000 @ $19.10; 50,000 @ $14.75; 50,000 @ $23.00; 50,000 @ $41.51; 50,000 @ $50.84 and 300,000 @ $50.90 plus 12,500 restricted stock units exercisable at $0.
(3) Each of the stock option grants have been vested; however, certain restrictions on the sale of the underlying shares of any options exercised is imposed on 600,000 options. These restrictions are scheduled to lift on 120,000 options each of March 31, 2007, 2008, 2009, 2010 and 2011, although these restrictions are subject to being accelerated or deferred based on certain events of termination of Mr. Davis' employment agreement and/or a change in control event. The restricted stock units vest in increments of 2,500 units on each of April 1, 2007, 2008, 2009, and 2010 with the final 2,500 units vesting on March 31, 2011 or upon the earlier occurrence of certain events of termination of Mr. Davis' employement agreement and/or a change in control event.
(4) The stock options expire variously through February 2016. The restricted stock units expire in April 2016. Exceptions to the stated expiration date are certain events of termination of Mr. Davis' employment agreement and/or a change in control event.

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