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.
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    (Last)              (First)                      (Middle)

     1510 N. HAMPTON, SUITE 300
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                        (Street)

     DESOTO               TX                             75115
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     (City)             (State)                          (Zip)

2. Issuer Name and Ticker or Trading Symbol

  ENNIS BUSINESS FORMS, INC. (EBF)
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3. I.R.S. Identification Number of Reporting Person, if an
   entity (Voluntary)


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4 Statement for Month/Year

  FEBRUARY/2003
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5. If Amendment, Date of Original (Month/Year)


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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
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     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.

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                                                SEC 2270 (09-02)