5 1 nasdaq0001210546 Officer Southwall Technologies Inc. 000081361994-2551470 12/31/02 5 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 5 ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP [ ] Check box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. [ ] Form 3 Holdings Reported [ ] Form 4 Transactions Reported 1. Name and Address of Reporting Person(s) Westra, Sicco 1029 Corporation Way P.O. Box 10052 Palo Alto, CA 94303 2. Issuer Name and Ticker or Trading Symbol Southwall Technologies Inc. (SWTX) 3. I.R.S. Identification Number of Reporting Person, if an entity (Voluntary) 4. Statement for Month/Year 12/02 5. If Amendment, Date of Original (Month/Year) 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) [ ] Director [ ] 10% Owner [X] Officer (give title below) [ ] Other (specify below) Sr. VP, Worldwide Sales & Mkt 7. 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 2)Trans- 3.Trans- 4.Securities Acquired(A) 5)Amount of 6) 7)Nature of action action or Disposed of (D) Securities Indirect Date Code A Beneficially D Beneficial (Month/ or Owned at or Ownership Day/Year) Code Amount D Price End of Year I ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 600 D Direct Table II (PART 1) Derivative Securitites Acquired, Disposed of, or Beneficially Owned (Columns 1 through 6) ------------------------------------------------------------------------------------------------------------------------------------ 1)Title of Derivative 2)Conversion 3)Trans- 4)Trans- 5)Number of Derivative 6)Date Exercisable and Security or Exercise action action Securities Acquired (A) Expiration Date Price of Date Code or Disposed of (D) Derivative Security Code A D Exercisable Expiration ------------------------------------------------------------------------------------------------------------------------------------ Incentive Stock Option (right $3.187500 04/15/06 to buy) Incentive Stock Option (right $4.500000 08/28/05 to buy) Incentive Stock Option (right $7.063000 01/20/07 to buy) Incentive Stock Option (right $2.812500 01/24/08 to buy) Incentive Stock Option (right $8.000000 02/27/02 A 20,000 (1) (2) 02/27/12 to buy) Table II (PART 2) Derivative Securitites Acquired, Disposed of, or Beneficially Owned (Columns 1,3 and 7 through 11) ------------------------------------------------------------------------------------------------------------------------------------ 1)Title of Derivative 3)Trans- 7)Title and Amount 8)Price 9)Number of 10) 11)Nature of Security action of Underlying of Deri- Derivative Indirect Date Securities vative Securities D Beneficial Amount or Security Beneficially or Ownership Number of Owned at I - Title Shares End of Year ------------------------------------------------------------------------------------------------------------------------------------ Incentive Stock Option (right Common Stock 3,000 3,000 D Direct to buy) Incentive Stock Option (right Common Stock 50,000 50,000 D Direct to buy) Incentive Stock Option (right Common Stock 17,300 17,300 D Direct to buy) Incentive Stock Option (right Common Stock 22,500 22,500 D Direct to buy) Incentive Stock Option (right 02/27/02 Common Stock 20,000 20,000 D Direct to buy) Explanation of Responses: (1) This option was granted pursuant to Southwall Technologies Corporation's stock incentive plan and is exempt pursuant to Rule 16b-3. (2) This option becomes exercisable in four equal, annual installments, commencing one year after the date of grant. - The reporting person's direct common stock holdings reported in Table 1 include shares acquired pursuant to Southwall Technologis Co rporation's Section 423 qualified employee stock purchase plan. Pursuant to Rules 16a-3 and 16b-3, purchases under this plan are exe mpt from the Section 16(a) reporting requirements. SIGNATURE OF REPORTING PERSON /S/ By: John Lipscomb For: Sicco Westra DATE 02/04/03