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 *
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 _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
CEO, Chairman
(Last)
(First)
(Middle)
CONSOLIDATED GRAPHICS, 5858 WESTHEIMER, SUITE 200		 3. Date of Earliest Transaction (Month/Day/Year)
05/22/2008
(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               107,300 D  

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
Option to Purchase Common Stock $ 56.82 05/22/2008   A   450,000     (1) 05/22/2018 Common Stock 450,000 $ 0 1,585,000 (2) (3) (4) 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     CEO, Chairman  

Signatures

 Jon C. Biro as Attorney in Fact for Joe R. Davis   05/27/2008
**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) This option vests in five equal installments of 90,000 shares per year commencing on May 22, 2009.
(2) Includes previously reported stock option grants totaling 1,100,000 shares 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. Each of these stock option grants have been vested; however, certain restrictions on the sale of the underlying shares of any options exercised is imposed on 360,000 options as of March 31, 2008. These restrictions are scheduled to lift on 120,000 options each of March 31, 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.
(3) Includes previously reported awards of restricted stock units as follows: 12,500 restricted stock unit awards previously granted, of which 2,500 units vested on April 1, 2007 and were delivered to the reporting person, 2,500 units vested on April 1, 2008 and the remaining 7,500 units vest in 2,500 unit increments as each of April 1, 2009, 2010 and 2011; 12,500 restricted stock unit awards previously granted, of which 3,125 units vested on April 1, 2008 and the remaining 9,375 units vest in 3,125 unit increments on each of April 1, 2009, 2010 and 2011; and 12,500 restricted stock unit awards previously granted, of which 4,167 units vest on April 1, 2009, 4,166 units vest on April 1, 2010, and 4,167 units vest on April 1, 2011.
(4) Certain of the vested shares will be delivered to the reporting person promptly upon vesting and certain others on March 1st following the end of the calendar year upon which the awards vested. Exceptions to the stated vesting and delivery dates are certain events of termination of Mr. Davis' employment agreement and/or change in control event.

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.