UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP FORM 5 [ ] Check box if no longer OMB APPROVAL subject to Section 16. OMB NUMBER: 3235-0362 Form 4 or Form 5 Expires: January 31, 2005 obligations may continue. Estimated average burden See Instruction 1(b). hours per response ....1.0 [ ] Form 3 Holdings Reported [ ] Form 4 Transactions Reported 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 (Print or Type Responses) 1. Name and Address of Reporting Person* WALTERS KEITH S. ---------------------------------------------------------------- (Last) (First) (Middle) 1510 N. HAMPTON, SUITE 300 ---------------------------------------------------------------- (Street) DESOTO TX 75115 ---------------------------------------------------------------- (City) (State) (Zip) 2. Issuer Name and Ticker or Trading Symbol ENNIS BUSINESS FORMS, INC. (EBF) ---------------------------------------------------------------- 3. I.R.S. Identification Number of Reporting Person, if an entity (Voluntary) ---------------------------------------------------------------- 4 Statement for Month/Year FEBRUARY/2003 ---------------------------------------------------------------- 5. If Amendment, Date of Original (Month/Year) ---------------------------------------------------------------- 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) X --- Director --- 10% Owner X --- Officer (give title below) --- Other (specify below) CHAIRMAN, PRESIDENT & CEO ------------------------------------------------- 7. Individual or Joint/Group Reporting (check applicable line) X --- Form Filed by One Reporting Person --- Form Filed by More than One Reporting Person ---------------------------------------------------------------- Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1. Title of 2. Trans- 2A. Deemed 3. Trans- 4. Securities Security action Execu- action Acquired (A) (Instr. 3 Date tion Code or Disposed Date, (Instr. 8) of (D) (Month/ if any (Instr. 3, 4 Day/ and 5) Year) (Month/ (A) Day/ or Year) Amount (D) Price --------------- ---------- ------------ ------------ ------ --- ----- Balance Forward 1. Title of 5. Amount of 6. Ownership Form: 7. Nature of Indirect Security Securities Direct (D) or Beneficial Ownership (Instr. 3) Benefi- Indirect (I) (Instr. 4) cially (Instr. 4) Owned at end of Issuer's Fiscal Year (Instr. 3 and 4) ------------- -------------- --------------- --------------------- Balance Forward 7,650 D *If the form is filed by more than one reporting person, see instruction 4(b)(v). (Over) SEC 2270 (09-02) FORM 5 (continued) Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) 1. Title 2. Conver- 3. Trans- 3A. Deemed 4. Trans- 5. Number of Derivative sion or action Execu- action Derivative Security Exer- Date tion Code Securities (Instr. 3) cise (Month/ Date, (Instr. Acquired Price of Day/ if any 8) (A) or Deriva- Year) (Month/ Disposed tive Day/ of (D) Security Year) (Instr. 3, 4 and 5) (A) (D) ------------ ----------- ---------- ------------ -------- --- --- Balance: SO granted $11.3400 Bal Fwd SO granted $10.0625 Bal Fwd SO granted $8.6875 Bal Fwd SO granted $7.0625 Bal Fwd SO granted $7.900 Bal Fwd 1. Title 6. Date Exer- 7. Title and Amount 8. Price of 9. Number of Derivative cisable and of Underlying Deriva- derivative Security Expiration Securities tive Securities (Instr. 3) Date (Instr. 3 and 4) Security Benefi- (Month/ (Instr. 5) cially Day/Year) Amount Owned at or Number End of Date Expira- Title of Shares Year Exer- tion (Instr. 4) cisable Date ------------- -------- ----- --------- --------- ------------ ------------ Balance: SO granted See Common Note 09-08 Stk. 20,000 SO granted See Common Note 10-08 Stk. 100,000 SO granted See Common Note 04-09 Stk. 100,000 SO granted See Common Note 04-10 Stk. 100,000 SO granted See Common Note 04-11 Stk. 25,000 1. Title 10. Ownership 11. Nature of Derivative of Derivative Indirect Security Security: Beneficial (Instr. 3) Direct (D) Ownership or Indirect (Instr. 4) (I) (Instr. 4) ------------- ----------------- ------------- Balance: SO granted D SO granted D SO granted D SO granted D SO granted D Explanation of Responses: Note: Each incentive 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. /s/Keith S. Walters March 24, 2003 ------------------------------- ----------------------- **Signature of Reporting Person Date **Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). 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. Page 2 SEC 2270 (09-02)