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U. S. Securities and Exchange Commission
Washington, D. C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
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(f) of the Investment Company Act of 1940.
1. Name and Address of Designated Filer
Southwest Royalties, Inc.
407 N. Big Spring Street
Midland, TX 79701
2. Issuer Name and Ticker or Trading Symbol
Southwest Royalties, Inc. Income Fund V
3. IRS or Social Security Number of Designated Filer
75-1917432
4. Statement for Month/Year
May 1999
5. If Amendment, Date of Original
N/A
6. Relationship of Designated Filer to Issuer
Southwest Royalties, Inc. as Managing General Partner, of
the issuer.
7. Individual or Joint/Group Filing
Form filed by One Reporting Person
X Form filed by More than One Reporting Person
TABLE I
1. Title of Security
Limited partnership interest
Units
Date Code Units Acquired Price Owned Ownership Nature
---- ---- ----- -------- ----- ----- --------- ------
05-01-99 P 2.50 A $135.98 1,516.50 I *
* Southwest Royalties, Inc. as Managing General Partner, of the issuer.
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SIGNATURES
By: /s/ Bill E. Coggin By: /s/ H.H. Wommack, III
---------------------------------- ------------------------------
- ------
Signed on behalf of Southwest H.H. Wommack, III, President,
Royalties, Inc. the Managing CEO, Treasurer and Director of
General Partner of the issuer Southwest Royalties, Inc. the
by Bill E. Coggin, Vice President Managing General Partner
and CFO
Date: June 8, 1999 Date: June 8, 1999
By: /s/ Bill E. Coggin By: /s/ H. Allen Corey
---------------------------------- ------------------------------
- ------
Bill E. Coggin, Vice-President H. Allen Corey, Secretary and
and CFO of Southwest Royalties, Director of Southwest
Royalties,
Inc. the Managing General Partner Inc. the Managing General
Partner
Date: June 8, 1999 Date: June 8,
1999
By: /s/ Paul L. Morris By: /s/ Jon P. Tate
---------------------------------- ------------------------------
- ------
Paul L. Morris, Director of Jon P. Tate, Vice-President of
Southwest Royalties, Inc. the Land and Assistant Secretary
of
Managing General Partner Southwest Royalties, Inc. the
Managing General Partner
Date: June 8, 1999 Date: June 8,
1999
By: /s/ Richard B. Morton By: /s/ R. Douglas Keathley
---------------------------------- ------------------------------
- ------
Richard B. Morton, Chief Operating R. Douglas Keathley, Vice-
President
Officer of Southwest Royalties, of Operations of Southwest
Royalties
Inc. the Managing General Partner Inc. the Managing General
Partner
Date: June 8, 1999 Date: June 8,
1999
By: /s/ J Steven Person
----------------------------------
J Steven Person, Vice-President of
Marketing of Southwest Royalties,
Inc. the Managing General Partner
Date: June 8, 1999
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ATTACHMENT
Designated Filer:
Southwest Royalties, Inc.
Issuer Name and Ticker or Trading Symbol:
Southwest Royalties, Inc. Income Fund V
Statement for Month/Year
May 1999
Reporting Persons of Group Filing:
- ----------------------------------
Name of Reporting Person Street Address
Social Security Number City, State and Zip Code
- ------------------------ ---------------------------
Wommack, H. H. III 407 N. Big Spring Street
###-##-#### Midland, TX 79701
President, CEO, Treasurer and Director of Southwest Royalties, Inc. the
Managing General Partner.
Coggin, Bill E. 407 N. Big Spring Street
###-##-#### Midland, TX 79701
Vice-President and Chief Financial Officer of Southwest Royalties, Inc. the
Managing General Partner.
Corey, H. Allen 633 Chestnut Street
###-##-#### Chattanooga, TN 37450-1800
Secretary and Director of Southwest Royalties, Inc. the Managing General
Partner.
Paul L. Morris #7 Saddle Club Drive
###-##-#### Midland, TX 79705
Director of Southwest Royalties, Inc. the Managing General Partner.
Tate, Jon P. 407 N. Big Spring Street
###-##-#### Midland, TX 79701
Vice-President, Land and Assistant Secretary of Southwest Royalties, Inc.
the Managing General Partner.
Morton, Richard B. 407 N. Big Spring Street
###-##-#### Midland, TX 79701
Vice-President, Exploitation Manager of Southwest Royalties, Inc. the
Managing General Partner.
Keathley, R. Douglas 407 N. Big Spring Street
###-##-#### Midland, TX 79701
Vice-President of Operations of Southwest Royalties, Inc. the Managing
General Partner.
Person, J Steven 407 N. Big Spring Street
###-##-#### Midland, TX 79701
Vice-President of Marketing of Southwest Royalties, Inc. the Managing
General Partner.
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