4 1 form47.txt Page 3 of 3 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 March 2001 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 ---- ---- ----- -------- ----- ----- --------- ------ 03-02-01 P 2.00 A $119.13 2,216.62 I * * Southwest Royalties, Inc. as Managing General Partner, of the issuer. 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- Managing General Partner President and CFO Date: April 10, 2001 Date: April 10, 2001 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: April 10, 2001 Date: April 10, 2001 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: April 10, 2001 Date: April 10, 2001 By: /s/ R. Douglas Keathley By: /s/ J Steven Person ----------------------------- ------------------------------- R. Douglas Keathley, Vice- J Steven Person, Vice-President President of Operations of of Marketing of Southwest Southwest Royalties Inc. the Royalties, Inc. the Managing Managing General Partner General Partner Date: April 10, 2001 April 10, 2001 ATTACHMENT Designated Filer: Southwest Royalties, Inc. Issuer Name and Ticker or Trading Symbol: Southwest Royalties, Inc. Income Fund V Statement for Month/Year March 2001 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. Bill E. Coggin 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. 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.