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* JOHNSON WALTER E (Last) (First) (Middle) C/O SOUTHWEST BANCORPORATION OF TEXAS 4400 POST OAK PARKWAY (Street) HOUSTON TX 77027 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol SOUTHWEST BANCORP OF TEXAS INC [ SWBT ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director 10% Owner Officer (give title below) X Other (specify below) Chairman of Board
	3. Date of Earliest Transaction (Month/Day/Year) 01/22/2004
	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, $1.00 par value	01/22/2004		F		24,870	D	$37.085	43,092	D
Common Stock, $1.00 par value	01/22/2004		X		36,360	A	$8.25	79,452	D
Common Stock, $1.00 par value	01/22/2004		X		1,800	A	$17.9375	81,252	D
Common Stock, $1.00 par value	01/22/2004		X		1,500	A	$19.8125	82,752	D
Common Stock, $1.00 par value	01/22/2004		X		13,500	A	$19.41	96,252	D
Common Stock, $1.00 par value	01/22/2004		X		8,000	A	$27.16	104,252	D
Common Stock, $1.00 par value	01/22/2004		X		1,800	A	$30.46	106,052	D
Common Stock, $1.00 par value	01/22/2004		X		900	A	$29.08	106,952	D
Common Stock, $1.00 par value	01/22/2004		S		12,400	D	$37	94,552	D
Common Stock, $1.00 par value	01/22/2004		S		2,600	D	$37.01	91,952	D
Common Stock, $1.00 par value	01/23/2004		S		3,670	D	$37.15	88,282	D
Common Stock, $1.00 par value	01/23/2004		S		2,000	D	$37.1	86,282	D
Common Stock, $1.00 par value	01/23/2004		S		5,000	D	$37.05	81,282	D
Common Stock, $1.00 par value								6,000	I	by Managed Account
Common Stock, $1.00 par value								5,250	I	by Spouse

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 Options (right to buy)	$19.8125	01/22/2004		X			1,500	01/01/2000	01/01/2010	Common Stock, $1.00 par value	1,500	$0	0	D
Non-qualified Stock Options (right to buy)	$29.08	01/22/2004		X			900	01/02/2003	01/02/2013	Common Stock, $1.00 par value	900	$0	0	D
Non-qualified Stock Options (right to buy)	$17.9375	01/22/2004		X			1,800	01/04/1999	01/04/2009	Common Stock, $1.00 par value	1,800	$0	0	D
Non-qualified Stock Options (right to buy)	$30.46	01/22/2004		X			1,800	01/02/2002	01/02/2012	Common Stock, $1.00 par value	1,800	$0	0	D
Incentive Stock Options (right to buy)	$19.41	01/22/2004		X			9,652	04/27/2003	04/27/2010	Common Stock, $1.00 par value	9,652	$0	12,848	D
Non-qualified Stock Options (right to buy)	$19.41	01/22/2004		X			3,848	04/27/2002	04/27/2010	Common Stock, $1.00 par value	3,848	$0	9,000	D
Incentive Stock Options (right to buy)	$27.16	01/22/2004		X			466	03/13/2003	03/13/2011	Common Stock, $1.00 par value	466	$0	19,534	D
Non-qualified Stock Options (right to buy)	$27.16	01/22/2004		X			7,534	03/13/2003	03/13/2011	Common Stock, $1.00 par value	7,534	$0	12,000	D
Incentive Stock Options (right to buy)	$8.25	01/22/2004		X			36,360	11/19/2001	11/19/2006	Common Stock, $1.00 par value	36,360	$0	0	D

Explanation of Responses:

	/s/Loretta Riggsby, attorney-in-fact	01/26/2004
	** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.