ENNIS, INC. — Director's Dealing 2007

Aug 9, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ENNIS, INC. (EBF)
CIK: 0000033002
Period of Report: 2007-08-07

Reporting Person: WALTERS KEITH S (Director, Chairman, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-08-07	Common Stock	M	15000	$11.34	Acquired	127607	Direct
2007-08-07	Common Stock	M	12000	$10.0625	Acquired	139607	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
1997-09-10	Stock Option (Right-to-Buy)	$11.34	M	15000	Disposed	2007-09-10	Common Stock (15000)	Direct
1998-10-08	Stock Option (Right-to-Buy)	$10.0625	M	12000	Disposed	2008-10-08	Common Stock (12000)	Direct

Footnotes

F1: Exercise of NQSO.

F2: Each stock option contract expires ten years from date of grant, and provides that shares will become exercisable as follows: 25% after two years; 50% after three years; 75% after four years and 100% after five years; all from date of grant; all option contracts are granted at market price on the date of grant.