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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G/A
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 9)
CAPITAL SOUTHWEST
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(NAME OF ISSUER)
COMMON STOCK, $1.00 PAR VALUE PER SHARE
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(TITLE OF CLASS OF SECURITIES)
140501107
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(CUSIP NUMBER)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[X] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[ ] Rule 13d-1(d)
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).
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1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
THIRD AVENUE MANAGEMENT LLC
(EIN 01-0690900)
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware Limited Liability Company
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5 SOLE VOTING POWER
340,228
NUMBER OF ---------------------------------------------
---------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY NONE
---------------------------------------------
---------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 348,548
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---------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
NONE
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
348,548
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES*
[ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.0%
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12 TYPE OF REPORTING PERSON*
IA
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1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
MARTIN J. WHITMAN
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
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5 SOLE VOTING POWER
NUMBER OF 24,244
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---------------------------------------------
6 SHARED VOTING POWER
SHARES
NONE
BENEFICIALLY
OWNED BY
---------------------------------------------
---------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 24,244
---------------------------------------------
---------------------------------------------
PERSON WITH 8 SHARED DISPOSITIVE POWER
NONE
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
24,244
- - --------------------------------------------------------------
- - --------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES*
[ ]
- - --------------------------------------------------------------
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.6%
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12 TYPE OF REPORTING PERSON*
IN
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ITEM 1.
(A) NAME OF ISSUER:
Capital Southwest (the "Issuer").
(B) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES OR,IF NONE, RESIDENCE:
12900 Preston Road, Suite 700, Dallas, TX 75230
ITEM 2.
(A) NAME OF PERSON FILING:
This schedule is being jointly filed by Third Avenue Management
("TAM") and Martin J. Whitman, the Chief Investment Officer of TAM
(TAM and Martin J. Whitman are sometimes collectively referred to hereinafter
as "Filer"). Attached hereto as an exhibit is a copy of the joint Schedule
13G filing agreement among the reporting persons.
(B) ADDRESS OF PRINCIPAL BUSINESS OFFICE:
The address of the principal executive office of TAM and Mr. Whitman is:
622 Third Avenue, New York, New York 10017-2023.
(C) CITIZENSHIP:
The citizenship or place of organization of each of the reporting
persons is as follows:
Third Avenue Management LLC- Delaware Limited Liability Company
Martin J. Whitman- United States Citizen.
(D) TITLE OF CLASS OF SECURITIES:
Common Stock, $1.00 par value per share.
(E) CUSIP NUMBER:
140501107
ITEM 3. IF THIS STATEMENT IS BEING FILED PURSUANT TO RULES 13D-1(B), OR
13D-2(B), CHECK WHETHER THE PERSON FILING IS A:
(E) Investment Adviser. TAM is registered under section 203 of the
Investment Advisors Act of 1940.
ITEM 4. OWNERSHIP.
(a) & (b) TAM beneficially owns 348,548 shares or 9.0% of the
class of securities of the issuer. Martin J. Whitman ("MJW")
beneficially owns 24,244 shares or 0.6% of the class of securities of
the issuer.
(c) (i) TAM: 340,228
MJW: 24,244
(ii) Not applicable.
(iii) TAM: 348,548
MJW: 24,244
(iv) Not applicable.
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.
Third Avenue Value Fund, an investment company registered under the
Investment Company Act of 1940, has the right to receive dividends from, and the
proceeds from the sale of, 83,370 of the shares reported by TAM, Third Avenue
Value Portfolio of the AEGON/Transamerica Series, an investment company
registered under the Investment Company Act of 1940, has the right to receive
dividends from, and the proceeds from the sale of 30,941 of the shares reported
by TAM, Third Avenue Value Portfolio of the Touchstone Variable Series Trust, an
investment company registered under the Investment Company Act of 1940, has the
right to receive dividends from, and the proceeds from the sale, of 9,500 of
the shares reported by TAM, and various separately managed clients for whom TAM
acts as investment advisor have the right to receive dividends from, and the
proceeds of the sale of 200,493 of the shares reported by TAM.
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.
ITEM 10. CERTIFICATION.
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired in the ordinary course of
business and were not acquired for the purpose of and do not have the effect of
changing or influencing the control of the issuer of such securities and were
not acquired in connection with or as a participant in any transaction having
such purposes or effect.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
February 9, 2004
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(Date)
THIRD AVENUE MANAGEMENT LLC
BY:/S/ MARTIN J. WHITMAN
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Martin J. Whitman
Chairman and Co-Chief Investment Officer
/S/ MARTIN J. WHITMAN
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Martin J. Whitman, President
Exhibit 1
JOINT FILING AGREEMENT
In accordance with Rule 13d-1 (f) under the Securities Exchange Act of
1934, as amended, the undersigned hereby agree to the joint filing with all
other Reporting Entities (as such term is defined in the Schedule 13G) on behalf
of each of them of a statement on Schedule 13G (including amendments thereto)
with respect to the Common Stock, $1.00 par value per share, of Capital
Southwest, and that this Agreement be included as an Exhibit to such joint
filing. This Agreement may be executed in any number of counterparts all of
which taken together shall constitute one and the same instrument.
IN WITNESS WHEREOF, the undersigned hereby execute this Agreement this 9th
day of February, 2004.
THIRD AVENUE MANAGEMENT LLC
By:/s/ MARTIN J. WHITMAN
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Martin J. Whitman
Chairman and Co-Chief Investment Officer
/s/ MARTIN J. WHITMAN
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Martin J. Whitman