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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2(b)
(Amendment No. __)/1/
SOUTHWEST BANCORPORATION OF TEXAS, INC.
(Name of Issuer)
COMMON STOCK, PAR VALUE $1.00 PER SHARE
(Title of Class of Securities)
84476R10
(CUSIP Number)
FEBRUARY 17, 1999
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
[_] Rule 13d-1(b)
[X] Rule 13d-1(c)
[_] Rule 13d-1(d)
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/1/ The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which would
alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
Page 1 of 5 Pages
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CUSIP NO. 84476R10 13G Page 2 of 5 Pages
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NAME OF REPORTING PERSON
1. S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Robert C. McNair
SS # ###-##-####
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2. (a) [_]
(b) [_]
Not applicable
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SEC USE ONLY
3.
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CITIZENSHIP OR PLACE OF ORGANIZATION
4.
United States
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SOLE VOTING POWER
5.
NUMBER OF 915,500
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6.
783,904
OWNED BY
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EACH SOLE DISPOSITIVE POWER
7.
REPORTING 915,500
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8. 783,904
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9.
1,699,404
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10.
[_]
Not applicable
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11.
7.32%
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TYPE OF REPORTING PERSON*
12.
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 2 of 5 Pages
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Item 1(a). Name of Issuer:
Southwest Bancorporation of Texas, Inc.
Item 1(b). Address of Issuer's Principal Executive Offices:
4400 Post Oak Parkway
Houston, Texas 77027
Item 2(a). Name of Person Filing:
Robert C. McNair
Item 2(b). Address of Principal Business Office or, if none, Residence:
711 Louisiana, 33rd Floor
Houston, Texas 77002
Item 2(c). Citizenship:
United States
Item 2(d). Title of Class of Securities:
Common Stock, par value $1.00 per share (the "Common Stock")
Item 2(e). CUSIP Number:
84476R10
Item 3. If this statement is filed pursuant to Rules 13d-1(b), or
13d-2(b), check whether the person filing is a:
Not applicable.
Item 4. Ownership.
(a) Amount Beneficially Owned:
The reporting person is or may be deemed to be the beneficial
owner of 1,699,404 shares of Common Stock that are held
directly as follows:
(i) 337,300 shares by the Robert and Janice McNair
Educational Foundation, of which the reporting person
is a member of the Board of Trustees and Chairman;
(ii) 915,500 shares held by Old Financial Services, L.P. of
which the reporting person owns indirectly or directly
all of the general and limited partner interests; and
Page 3 of 5 Pages
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(iii) 446,604 shares of Common Stock held by the Robert and
Janice McNair Foundation, of which the reporting person
is one of two trustees.
Pursuant to Rule 13d-4 under the Securities Exchange Act of
1934, as amended, the reporting person disclaims beneficial
ownership of the shares held by the Robert and Janice McNair
Educational Foundation.
(b) Percent of Class:
7.32%
(c) Sole power to vote or to direct the vote: 915,500/(1)/
Shared power to vote or to direct the vote: 783,904/(2)/
Sole power to dispose or to direct the disposition of:
915,500/(1)/
Shared power to dispose or to direct the disposition of:
783,904/(2)/
Item 5. Ownership of Five Percent or Less of a Class:
Not applicable.
Item 6. Ownership of More than Five Percent on Behalf of Another Person:
Not applicable.
Item 7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on by the Parent Holding
Company:
Not applicable.
Item 8. Identification and Classification of Members of the Group:
Not applicable.
Item 9. Notice of Dissolution of Group:
Not applicable.
Page 4 of 5 Pages
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Item 10. Certification:
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired and
are not held for the purpose of or with the effect of changing or
influencing the control of the issuer of the securities and were
not acquired and are not held in connection with or as a
participant in any transaction having that purpose or effect.
Signature
Dated: February 26, 1999
/s/ Robert C. McNair
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Robert C. McNair
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(1) Represents 915,500 shares of Common Stock beneficially owned by the
Reporting Person and held directly by Old Financial Services, L.P., of
which the Reporting Person owns directly or indirectly all of the general
and limited partnership interests.
(2) Represents 337,300 shares of Common Stock which may be deemed to be
beneficially owned by the Reporting Person and owned directly by the Robert
and Janice McNair Educational Foundation and 446,604 shares of Common Stock
beneficially owned by the Reporting Person and owned directly by the Robert
and Janice McNair Foundation.
Page 5 of 5 Pages
