8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):

April 18, 2006

CARBO CERAMICS INC.

(Exact name of registrant as specified in its charter)

Delaware	001-15903	72-1100013
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

6565 MacArthur Boulevard, Suite 1050, Irving, TX	75039
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code: (972) 401-0090

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

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INFORMATION TO BE INCLUDED IN THE REPORT

Item 1.01 Entry into a Material Definitive Agreement

On April 18, 2006, the shareholders of CARBO Ceramics Inc. (the “Company”) approved amendments (the “Amendments”) to the 2004 CARBO Ceramics Inc. Long-Term Incentive Plan (the “Plan”). The Amendments, which became effective upon shareholder approval, provide for the following modifications:

° Grant of Restricted Stock to Non-Employee Directors. Shareholders approved a grant of 2,000 shares of restricted stock to each of the current non-employee Directors of the Company (Messrs. Cooke, Deaton, Lentz, Morris, Murphy and Rubin) on April 18, 2006, and to each future non-employee Director of the Company on the first day that he or she is elected or appointed as a Director. Unlike employee grants, grants to non-employee Directors will occur regardless of the Company’s net income in the immediately preceding calendar year, and one third of such shares will vest on each of the first three anniversaries of the grant date with early vesting upon change in control of the Company or upon termination by reason of death, disability or retirement.

° Retirement Provisions. Under the Plan, in the case of a termination of employment due to death or disability, unvested shares of restricted stock continue to vest for one additional year following termination. The Amendments provide that upon a termination of employment due to death, disability or “retirement,” a participant’s unvested shares will vest on the date of such termination. The Amendments define “retirement” as a participant’s voluntary termination of employment or service on the Board of Directors (with the approval of the Board of Directors) at or after age 62 (unless otherwise defined in a participant’s award agreement).

° Administrative Adjustments. The Amendments made certain clarifications to the definition of Company “Affiliate” and the dividend payment practice regarding shares of restricted stock, and added a savings clause relating to 409A of the Internal Revenue Code.

Please refer to the form of restricted stock award agreement for non-employee Directors, amended form of restricted stock award agreement for officer and Amendment Number One to the 2004 CARBO Ceramics Inc. Long-Term Incentive Plan, effective April 18, 2006, which are attached or incorporated herein by reference, for further information. Such exhibits are incorporated herein by reference in their entirety.

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Item 9.01 Financial Statements and Exhibits.

(a) through (c) Not applicable.

(d) Exhibits:

The following exhibits are filed with this Current Report on Form 8-K:

Exhibit No.	Description
10.1	Amendment No. 1 to the 2004 CARBO Ceramics Inc. Long-Term Incentive Plan (incorporated by reference to Annex A of CARBO Ceramic Inc.’s Definitive Proxy Statement for the 2006 Annual Meeting of Shareholders, filed with the Securities and Exchange Commission on March 20, 2006
10.2	Form of Non-Employee Director Restricted Stock Award Agreement
10.3	Form of Officer Restricted Stock Award Agreement

[Remainder of page intentionally left blank; signature on following page.]

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

CARBO Ceramics Inc.
By:		/s/ Paul G. Vitek
		Paul G. Vitek
	Sr. Vice President, Finance and
	Chief Financial Officer

Dated: April 24, 2006

EX-10.2

EXHIBIT 10.2

NON-EMPLOYEE DIRECTOR

RESTRICTED STOCK AWARD AGREEMENT

THIS AWARD AGREEMENT (the "Agreement"), made as of this __ day of ____ 20__, between CARBO Ceramics Inc. (the "Company"), a Delaware corporation, with its principal offices at 6565 MacArthur Boulevard, Suite 1050, Irving, Texas 75039, and _________ (the "Participant"), who resides at ____________________________.

WHEREAS, the Company has adopted and maintains and the shareholders of the Company have approved the 2004 CARBO Ceramics Inc. Long-Term Incentive Plan, as amended (the "Plan") to attract and retain highly qualified employees and non-employee directors of the Company and reward them for making significant contributions to the success of the Company and to strengthen the alignment of interests between such persons and the Company’s stockholders by providing them with a proprietary interest in the Company;

WHEREAS, Section 6(a) of the Plan provides for the award to each Non-Employee Director of 2,000 restricted shares of Common Stock of the Company as of the later of (x) the first day on which such director is elected or otherwise appointed to the Board or (y) the date of the annual meeting of stockholders of the Company held in 2006;

NOW THEREFORE, in consideration of the premises and the mutual covenants hereinafter set forth, the parties hereto hereby agree as follows:

1. Award of Restricted Stock. Pursuant to, and subject to, the terms and conditions set forth herein and in the Plan, the Company hereby awards to the Participant 2,000 shares of Common Stock of the Company (the “Restricted Stock”), which may not be transferred, pledged, assigned or otherwise encumbered until vested (the “Transfer Restrictions”).

2. Grant Date. The Grant Date of the Restricted Stock hereby awarded is ______, 20___.

3. Vesting Dates. The Restricted Stock shall vest only in accordance with the provisions of this Agreement and of the Plan. Subject to the provisions of the Plan, shares of the Restricted Stock shall become vested on each of the following Vesting Dates as follows:

(a) 666 shares of Restricted Stock shall vest on [first anniversary of grant date];

(b) 667 shares of Restricted Stock shall vest on [second anniversary of grant date]; and

(c) 667 shares of Restricted Stock shall vest on [third anniversary of grant date].

4. Forfeiture.

(a) Subject to the provisions of the Plan, in the event that the Participant’s employment with the Company or any of its Affiliates is terminated prior to the Vesting Date with respect to any of the Participant’s shares of Restricted Stock (i) for any reason other than

due to death, Disability or Retirement, all such shares of Restricted Stock shall be forfeited on the date of such termination without payment of any consideration therefor; and (ii) due to death, Disability or Retirement, all such shares of Restricted Stock shall cease to be subject to the Transfer Restrictions and cease to be forfeitable as of the date of such termination.

(b) Additionally, in the event that the Participant attempts to transfer, pledge, assign or otherwise encumber shares of Restricted Stock prior to the applicable Vesting Dates in violation of the Transfer Restrictions, such transfer, pledge, assignment or encumbrance shall be null and void and the Participant’s shares of Restricted Stock shall be forfeited without payment of any consideration therefor.

(c) Notwithstanding the foregoing, all shares subject to an Award shall immediately cease to be subject to the Transfer Restrictions and cease to be forfeitable upon a Change in Control.

5. Share Certificates. Subject to the provisions of the Plan, the shares representing the Restricted Stock will be held in the Participant’s name in book-entry format by the Company’s transfer agent, Mellon Investor Services, LLC. Upon vesting of the shares of Restricted Stock each year, the Participant has the right to choose to have a certificate issued in the Participant’s name, to have the shares transferred to a brokerage account of the Participant’s choice or to continue to hold the shares in book-entry format with the transfer agent.

6. Dividends. In the event that the Company declares any ordinary cash dividends or distributions on its Common Stock to its stockholders generally, whether stock or cash dividend or otherwise, the Participant shall be entitled to receive such cash dividends or distributions with respect to his Restricted Stock at the same time as stockholders generally. In the event that the Company declares any ordinary stock dividend, the Participant shall be entitled to such stock dividends or distribution with respect to his Restricted Stock, provided that such dividends or distributions shall be subject to the provisions of Sections 6(b), (c), (d) and (e) of the Plan in the same manner as the corresponding Restricted Stock to which such dividends or distributions relate and shall be held by the Company or subject to a legend as determined by the Committee to effectuate the purposes of the Plan.

7. Voting. Prior to the date that the Participant’s shares subject to an Award cease to be forfeitable by the Participant pursuant hereto, the Participant shall not have any voting rights with respect to such shares.

8. Non-Assignability. Except as expressly provided in the Plan or herein, Awards shall not be assigned, transferred, pledged or encumbered, and any purported assignment, transfer, pledge or encumbrance shall be null and void; provided, that Awards may be transferred by will or by the laws of descent and distribution subject to the Committee’s receipt of such documents as may be requested by the Committee from time.

9. Modification and Waiver. Except as provided in the Plan with respect to determinations of the Committee and subject to the Company's Board of Directors' right to amend, modify or terminate the Plan, neither this Agreement nor any provision hereof can be changed, modified, amended, discharged, terminated or waived orally or by any course of dealing

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or purported course of dealing, but only by an agreement in writing signed by the Participant and the Company. No such agreement shall extend to or affect any provision of this Agreement not expressly changed, modified, amended, discharged, terminated or waived or impair any right consequent on such a provision. The waiver of or failure to enforce any breach of this Agreement shall not be deemed to be a waiver or acquiescence in any other breach thereof.

10. Applicable Withholdings. The Company shall have the power and the right to deduct or withhold, or require the Participant to remit to the Company, the minimum statutory amount to satisfy federal, state, and local taxes or similar charges, domestic or foreign, required by law or regulation to be withheld with respect to any taxable event arising as a result of or in connection with the Plan or any Award. At the request of the Participant, subject to the consent of the Committee, the Committee shall withhold or permit the Participant to tender a portion of the Shares subject to each Award to satisfy the applicable federal, state, foreign and local withholding taxes incurred in connection with the Award.

11. Governing Law. This Agreement, the Plan and all rights under this Agreement and the Plan shall be governed by and construed and enforced in accordance with the laws of the State of Delaware without regard to the provisions governing conflict of laws.

12.Participant Acknowledgment. The Participant hereby acknowledges receipt of a copy of the Plan and that all decisions, determinations and interpretations of the Committee or the Company in respect of this Agreement shall be final, conclusive and binding.

13.Incorporation of Plan. All terms and provisions of the Plan are incorporated herein and made part hereof as if stated herein. If any provisions hereof and of the Plan shall be in conflict, the terms of the Plan shall govern. All capitalized terms used herein and not defined herein shall have the meanings assigned to them in the Plan.

14.Entire Agreement. This Agreement represents the final, complete and total agreement of the parties hereto respecting the Restricted Stock and the matters discussed herein and this Agreement supersedes any and all previous agreements and understandings, whether written, oral or otherwise, relating to the Restricted Stock and such matters.

IN WITNESS WHEREOF, CARBO Ceramics Inc. has caused this Agreement to be duly executed by its duly authorized officer and said Participant has hereunto signed this Agreement on his own behalf, THEREBY REPRESENTING THAT HE HAS CAREFULLY READ AND UNDERSTANDS THIS AGREEMENT AND THE PLAN, as of the day and year first above written.

CARBO CERAMICS INC.

By: _________________________________

      [                          ]

By: _________________________________

      [                          ]

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EX-10.3

Exhibit 10.3

OFFICER RESTRICTED STOCK AWARD AGREEMENT

THIS AWARD AGREEMENT (the "Agreement"), made as of this ___ day of ________ 20__, between CARBO Ceramics Inc. (the "Company"), a Delaware corporation, with its principal offices at 6565 MacArthur Boulevard, Suite 1050, Irving, Texas 75039, and _________ (the "Participant"), who resides at ____________________________.

WHEREAS, the Company has adopted and maintains and the shareholders of the Company have approved the 2004 CARBO Ceramics Inc. Long-Term Incentive Plan, as amended (the "Plan") to attract and retain highly qualified employees and non-employee directors of the Company and reward them for making significant contributions to the success of the Company and to strengthen the alignment of interests between such persons and the Company’s stockholders by providing them with a proprietary interest in the Company;

WHEREAS, the Plan provides for the award to Participants in the Plan of restricted shares of Common Stock in the Company;

NOW THEREFORE, in consideration of the premises and the mutual covenants hereinafter set forth, the parties hereto hereby agree as follows:

1. Award of Restricted Stock. Pursuant to, and subject to, the terms and conditions set forth herein and in the Plan, the Company hereby awards to the Participant _________ shares of Common Stock of the Company (the “Restricted Stock”), which may not be transferred, pledged, assigned or otherwise encumbered until vested (the “Transfer Restrictions”).

2. Grant Date. The Grant Date of the Restricted Stock hereby awarded is __________.

3. Vesting Dates. The Restricted Stock shall vest only in accordance with the provisions of this Agreement and of the Plan. Subject to the provisions of the Plan, shares of the Restricted Stock shall become vested on each of the following Vesting Dates as follows:

(a) _______ shares of Restricted Stock shall vest on [first anniversary of grant date];

(b) _______ shares of Restricted Stock shall vest on [second anniversary of grant date]; and

(c) _______ shares of Restricted Stock shall vest on [third anniversary of grant date].

4. Forfeiture.

(a) Subject to the provisions of the Plan, in the event that the Participant’s employment with the Company or any of its Affiliates is terminated prior to the Vesting Date with respect to any of the Participant’s shares of Restricted Stock (i) for any reason other than due to death, Disability or Retirement, all such shares of Restricted Stock shall be forfeited on the date of such termination without payment of any consideration therefor; and (ii) due to death,

Disability or Retirement, all such shares of Restricted Stock shall cease to be subject to the Transfer Restrictions and cease to be forfeitable as of the date of such termination.

(b) Additionally, in the event that the Participant attempts to transfer, pledge, assign or otherwise encumber shares of Restricted Stock prior to the applicable Vesting Dates in violation of the Transfer Restrictions, such transfer, pledge, assignment or encumbrance shall be null and void and the Participant’s shares of Restricted Stock shall be forfeited without payment of any consideration therefor.

(c) Notwithstanding the foregoing, shares subject to the Award granted pursuant to this Agreement shall continue to be subject to the Transfer Restrictions following the Vesting Date with respect to such shares until the end of the period commencing on the Vesting Date with respect to such shares and ending on the earlier of (i) a termination of the Participant’s employment for any reason or (ii) the second anniversary of such Vesting Date (the “Holding Period”) except for any such Shares used to satisfy any withholding obligations as set forth herein and in the Plan. If the Participant fails to comply with such Transfer Restrictions during the Holding Period, any Awards held by the Participant which are then subject to forfeiture shall be forfeited and the Committee may, in its discretion, take such action as it deems appropriate, including, without limitation, determine not to make any additional grants of Awards to the Participant under the Plan.

(d) Notwithstanding the foregoing, all shares subject to an Award shall immediately cease to be subject to the Transfer Restrictions and cease to be forfeitable upon a Change in Control.

5. Share Certificates. Subject to the provisions of the Plan, the shares representing the Restricted Stock will be held in the Participant’s name in book-entry format by the Company’s transfer agent, Mellon Investor Services, LLC. Upon vesting of the shares of Restricted Stock each year, the Participant has the right to choose to have a certificate issued in the Participant’s name, to have the shares transferred to a brokerage account of the Participant’s choice or to continue to hold the shares in book-entry format with the transfer agent.

6. Dividends. In the event that the Company declares any ordinary cash dividends or distributions on its Common Stock to its stockholders generally, whether stock or cash dividend or otherwise, the Participant shall be entitled to receive such cash dividends or distributions with respect to his Restricted Stock at the same time as stockholders generally. In the event that the Company declares any ordinary stock dividend, the Participant shall be entitled to such stock dividends or distribution with respect to his Restricted Stock, provided that such dividends or distributions shall be subject to the provisions of Sections 6(b), (c), (d) and (e) of the Plan in the same manner as the corresponding Restricted Stock to which such dividends or distributions relate and shall be held by the Company or subject to a legend as determined by the Committee to effectuate the purposes of the Plan.

7. Voting. Prior to the date that the Participant’s shares subject to an Award cease to be forfeitable by the Participant pursuant hereto, the Participant shall not have any voting rights with respect to such shares.

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8. Non-Assignability. Except as expressly provided in the Plan or herein, Awards shall not be assigned, transferred, pledged or encumbered, and any purported assignment, transfer, pledge or encumbrance shall be null and void; provided, that Awards may be transferred by will or by the laws of descent and distribution subject to the Committee’s receipt of such documents as may be requested by the Committee from time.

9. Modification and Waiver. Except as provided in the Plan with respect to determinations of the Committee and subject to the Company's Board of Directors' right to amend, modify or terminate the Plan, neither this Agreement nor any provision hereof can be changed, modified, amended, discharged, terminated or waived orally or by any course of dealing or purported course of dealing, but only by an agreement in writing signed by the Participant and the Company. No such agreement shall extend to or affect any provision of this Agreement not expressly changed, modified, amended, discharged, terminated or waived or impair any right consequent on such a provision. The waiver of or failure to enforce any breach of this Agreement shall not be deemed to be a waiver or acquiescence in any other breach thereof.

10. Applicable Withholdings. The Company shall have the power and the right to deduct or withhold, or require the Participant to remit to the Company, the minimum statutory amount to satisfy federal, state, and local taxes or similar charges, domestic or foreign, required by law or regulation to be withheld with respect to any taxable event arising as a result of or in connection with the Plan or any Award. At the request of the Participant, subject to the consent of the Committee, the Committee shall withhold or permit the Participant to tender a portion of the Shares subject to each Award to satisfy the applicable federal, state, foreign and local withholding taxes incurred in connection with the Award.

11. Governing Law. This Agreement, the Plan and all rights under this Agreement and the Plan shall be governed by and construed and enforced in accordance with the laws of the State of Delaware without regard to the provisions governing conflict of laws.

12.Participant Acknowledgment. The Participant hereby acknowledges receipt of a copy of the Plan and that all decisions, determinations and interpretations of the Committee or the Company in respect of this Agreement shall be final, conclusive and binding.

13.Incorporation of Plan. All terms and provisions of the Plan are incorporated herein and made part hereof as if stated herein. If any provisions hereof and of the Plan shall be in conflict, the terms of the Plan shall govern. All capitalized terms used herein and not defined herein shall have the meanings assigned to them in the Plan.

14.Entire Agreement. This Agreement represents the final, complete and total agreement of the parties hereto respecting the Restricted Stock and the matters discussed herein and this Agreement supersedes any and all previous agreements and understandings, whether written, oral or otherwise, relating to the Restricted Stock and such matters.

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IN WITNESS WHEREOF, CARBO Ceramics Inc. has caused this Agreement to be duly executed by its duly authorized officer and said Participant has hereunto signed this Agreement on his own behalf, THEREBY REPRESENTING THAT HE HAS CAREFULLY READ AND UNDERSTANDS THIS AGREEMENT AND THE PLAN, as of the day and year first above written.

CARBO CERAMICS INC.

By: _________________________________

      [                          ]

By: _________________________________

      [                          ]

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