X0304 4 2011-11-22 0 0000813619 SOUTHWALL TECHNOLOGIES INC /DE/ SWTX 0001016286 SALAS PETER E C/O SOUTHWALL TECHNOLOGIES INC. 3788 FABIAN WAY PALO ALTO, CA 94303 1 0 0 0 Common Stock 2011-11-22 4 U 0 30276 13.60 D 0 D Common Stock 2011-11-22 4 U 0 1475719 13.60 D 0 I See footnote The reportable securities are owned directly by Dolphin Direct Equity Partners, L.P. Mr. Salas disclaims beneficial ownership of these securities and this report shall not be deemed an admission that he is the beneficial owner of such securities for purposes of Section 16 or for any other purpose, except to the extent of his pecuniary interest therein. /s/ Peter E. Salas 2011-11-25