Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

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(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
DIEHL BOWEN S
   2. Issuer Name and Ticker or Trading Symbol
CAPITAL SOUTHWEST CORP [CSWC] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
President and CEO
(Last)
(First)
(Middle)
C/O CAPITAL SOUTHWEST CORPORATION, 5400 LYNDON B. JOHNSON FWY, SUITE 1300		 3. Date of Earliest Transaction (Month/Day/Year)
03/08/2017
(Street)

DALLAS, TX 75240		 4. If Amendment, Date Original Filed(Month/Day/Year)
03/09/2017		 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
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 03/08/2017   M   5,704 A $ 11 101,666 D  
Common Stock 03/08/2017   M   6,246 A $ 11 107,912 D  
Common Stock 03/08/2017   M   33,321 A $ 11.53 141,233 (1) D  
Common Stock               51,750 (1) I By PHC Investments, LLC

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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 Underlying Securities
(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 of Derivative Security: 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
Incentive Stock Option $ 11 03/08/2017   M   5,704     (2) 03/17/2024 Common Stock 5,704 $ 0 8,557 D  
Non-qualified Stock Option $ 11 03/08/2017   M   6,246     (3) 03/17/2024 Common Stock 6,246 $ 0 9,370 D  
Non-qualified Stock Option $ 11.53 03/08/2017   M   33,321     (4) 08/28/2024 Common Stock 33,321 $ 0 52,661 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
DIEHL BOWEN S
C/O CAPITAL SOUTHWEST CORPORATION
5400 LYNDON B. JOHNSON FWY, SUITE 1300
DALLAS, TX 75240		   X     President and CEO  

Signatures

 /s/ Bowen S. Diehl   03/10/2017
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) The Form 4 filed on March 9, 2017 contained a typographical error that inadvertently failed to account for the change in the form of beneficial ownership on February 2, 2017 of 51,750 shares from a direct holding to an indirect holding through PHC Investments, LLC, a limited liability company of which the reporting person and his wife are 50% owners. As of March 8, 2017, 141,233 shares were held directly by the reporting person and 51,750 shares were held indirectly by the reporting person through PHC Investments, LLC.
(2) The options, representing a right to purchase a total of 14,261 shares, became exercisable in two equal annual installments beginning on March 17, 2015.
(3) The options, representing a right to purchase a total of 15,616 shares, became exercisable in two equal annual installments beginning on March 17, 2015.
(4) The options, representing a right to purchase a total of 85,982 shares, became exercisable in two annual installments beginning on December 29, 2015.

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