SEC Form 4

FORM 4		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person* HAMNER PATRICK F (Last) (First) (Middle) 12900 PRESTON RD STE 700 (Street) DALLAS TX 75230 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol CAPITAL SOUTHWEST CORP [ CSWC ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director 10% Owner X Officer (give title below) Other (specify below) Senior Vice President*
	3. Date of Earliest Transaction (Month/Day/Year) 06/09/2006
	4. If Amendment, Date of Original Filed (Month/Day/Year)	6. Individual or Joint/Group Filing (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 Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	06/09/2006(4)		M		8,000	A	$65	41,800	D
Common Stock	06/09/2006(4)		S		8,000	D	$96.89	33,800	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Non Qualified Stock Option(1)	$65	06/09/2006(4)		M			8,000	07/16/2002	07/16/2011	Common Stock	10,000	$65	2,000	D
Non Qualified Stock Option(2)	$65	05/18/2006		J			2,000	07/16/2002	07/16/2011	Common Stock	10,000	$0.00	0	D
Incentive Stock Option(3)	$93.49	05/18/2006		J			9,000	05/15/2008	05/15/2016	Common Stock	9,000	$0.00	0	D
Non Qualified Stock Option(3)	$93.49	05/18/2006		J			11,000	05/15/2007	05/15/2016	Common Stock	11,000	$0.00	0	D

Explanation of Responses:

1. Exercisable in five (5) annual cumulative installments of 2,000 shares.

2. Options terminated 5/18/06 with 2,000 shares unvested.

3. Options terminated 5/18/06 with no shares vested.

4. Mr. Hamner entered into a binding obligation to exercise an option for 8,000 shares on June 9, 2006. Mr. Hamner did not acquire title to those shares until June 13, 2006.

Remarks:

*Resigned on 5/18/06

	/s/ Patrick F. Hamner	06/13/2006
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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