Washington, D.C. 20549

(Name of Issuer)

(Title of Class of Securities)

(CUSIP Number)

(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)

(Date of Event Which Requires Filing of this Statement)

 

 

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(1) Includes 737,000 shares subject to stock options that have not been exercised by Mr. Davis but which are immediately exercisable.

(2) Based on 11,529,340 shares issued and outstanding on May 15, 2010.

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Item 1. Security and Issuer.

This statement on Schedule 13D (this “Statement”) relates to the common stock, $0.01 par value per share (the “Common Stock”), of Consolidated Graphics, Inc., a Texas corporation (the “Issuer”). The principal executive offices of the Issuer are located at 5858 Westheimer, Suite 200, Houston, Texas 77057.

Item 2. Identity and Background.

This Statement is being filed by and on behalf of Joe R. Davis, whose business address is 5858 Westheimer, Suite 200, Houston, Texas 77057. Mr. Davis is the Chairman of the Board, Chief Executive Officer and a director of the Issuer, whose address is 5858 Westheimer, Suite 200, Houston, Texas 77057.

During the last five years, Mr. Davis has not been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors), or been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. Mr. Davis is a United States citizen.

Item 3. Source and Amount of Funds or Other Consideration.

On May 10th and 11th, 2010, Mr. Davis acquired a total of 200,000 shares of Common Stock in open market transactions for an aggregate of $7,590,540, using the proceeds of margin loans under credit facilities maintained by Mr. Davis in the ordinary course of business with JPMorgan Chase Bank, N.A. on customary terms and conditions. On May 7, 2010, Mr. Davis exercised 300,000 options that were immediately exercisable and were included in the beneficial ownership figures in the previous filing on Schedule 13D, filed with the Securities and Exchange Commission (the “Commission”) on April 14, 2010. Mr. Davis used his personal funds to pay the $3,431,250 exercise price for the options. Except as set forth in this paragraph, no other shares of Common Stock were acquired by Mr. Davis since Mr. Davis’ last filing on Schedule 13D.

The 1,996,341 shares of Common Stock reported pursuant to this Schedule 13D includes 737,000 shares of Common Stock issuable to Mr. Davis upon exercise of stock options that are immediately exercisable.

The stock options referenced above were issued pursuant to the Issuer’s Long-Term Incentive Plan, as amended and restated, and have been previously reported in filings with the Commission.

Item 4. Purpose of Transaction.

Mr. Davis is the founder of the Issuer and is its current Chairman of the Board and Chief Executive Officer. Due to his position with the Issuer, Mr. Davis may be deemed to possess the direct or indirect power to direct or cause the direction of the management and policies of the Issuer.

Except as set forth in this Item 4, Mr. Davis does not have any present plans or proposals which relate to or would result in any of the events or transactions described in Item 4(a) through (j) of Schedule 13D, although he reserves the right to formulate such plans or proposals in the future. As an officer and director of the Issuer, Mr. Davis may from time to time receive equity awards from the Issuer. In addition, depending on market conditions and other matters he deems material, Mr. Davis may take

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such actions with respect to his investment in the Issuer as he deems appropriate so long as it meets his personal investment criteria, including, without limitation, acquiring, selling or pledging of shares of Common Stock and/or otherwise changing his intention with respect to any and all matters referred to in Item 4 of Schedule 13D.

Item 5. Interest in Securities of the Issuer.

(a) Mr. Davis is the direct beneficial owner of 1,996,341 shares of Common Stock. The shares beneficially owned by Mr. Davis include (i) 1,259,341 shares of Common Stock beneficially owned by Mr. Davis, and (ii) 737,000 shares of Common Stock issuable to Mr. Davis upon exercise of stock options that are immediately exercisable. These shares of Common Stock constitute approximately 16.3% of the shares of Common Stock based on (i) the 11,529,340 shares of Common Stock issued and outstanding as of May 15, 2010, and (ii) the 737,000 shares of Common Stock issuable to Mr. Davis upon exercise of stock options that are immediately exercisable.

(b) Mr. Davis has the sole power to vote or to direct the vote and sole power to dispose or to direct the disposition of the shares of Common Stock described in this Statement.

(c) No transactions in the class of securities reported have been effected by Mr. Davis since Mr. Davis’ last filing on Schedule 13D, other than the transactions reported in Item 3 above.

(d) No other person has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the shares of Common Stock deemed to be beneficially owned by Mr. Davis.

(e) Not applicable.

Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.

Mr. Davis and the Issuer have previously entered into an amended and restated employment agreement (the “Employment Agreement”) which governs, among other things, the accelerated vesting of (i) all unvested equity awards (as defined in the Employment Agreement) held by Mr. Davis in the event of (a) his death, disability or resignation for good reason (as defined in the Employment Agreement) or termination by the Issuer without cause (as defined in the Employment Agreement), and (b) a change in control that satisfies certain requirements of Section 409A(a)(2)(A)(v) of the Internal Revenue Code; and (ii) all stock options granted to Mr. Davis upon the occurrence of certain trigger dates, which generally means the third business day immediately preceding (a) the expiration date of a tender or exchange offer by any person (with certain exceptions) pursuant to which such person would be the beneficial owner of 10% or more of the Issuer’s Common Stock or (b) the record date for determining shareholders entitled to notice of and to vote at an annual or special meeting of shareholders at which at least two persons are standing or have been nominated for election as directors of the Issuer that were not approved by a vote of at least two-thirds of the members of the Issuer’s Board of Directors then in office, with certain exceptions.

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References to, and descriptions of, the Employment Agreement and the transactions contemplated thereby as set forth herein are qualified in their entirety by reference to the copy of the Employment Agreement included as Exhibit 1 to this Statement, and is incorporated herein in its entirety where such references and descriptions appear.

Mr. Davis has entered into certain loan agreements with JPMorgan Chase Bank, N.A. relating to the margin loans referred to in Item 3 above, which are on customary terms and conditions.

Except as otherwise described in this Statement, there are no other contracts, arrangements, understandings or relationships (legal or otherwise) between Mr. Davis and any person with respect to any shares of Common Stock of the Issuer, including but not limited to transfer or voting of any of the Common Stock, finder’s fees, joint ventures, loan or option arrangements, puts or calls, guarantees of profits, division of profits or loss, or the giving or withholding of proxies.

Item 7. Material to be Filed as Exhibits.

The following document is filed as an Exhibit to this Statement:

Exhibit 1.		Amended and Restated Employment Agreement, dated December 29, 2008 by and between the Issuer and Mr. Davis (incorporated by reference from Exhibit 10.1 of the Issuer’s Current Report on Form 8-K dated December 29, 2008).

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SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Date: June 9, 2010