<SEC-DOCUMENT>0001571049-16-017939.txt : 20160901
<SEC-HEADER>0001571049-16-017939.hdr.sgml : 20160901
<ACCEPTANCE-DATETIME>20160901135805
ACCESSION NUMBER:		0001571049-16-017939
CONFORMED SUBMISSION TYPE:	DFAN14A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20160901
DATE AS OF CHANGE:		20160901
EFFECTIVENESS DATE:		20160901

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SAN JUAN BASIN ROYALTY TRUST
		CENTRAL INDEX KEY:			0000319655
		STANDARD INDUSTRIAL CLASSIFICATION:	OIL ROYALTY TRADERS [6792]
		IRS NUMBER:				756279898
		STATE OF INCORPORATION:			TX
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		DFAN14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-08032
		FILM NUMBER:		161865346

	BUSINESS ADDRESS:	
		STREET 1:		COMPASS BANK, TRUST DEPARTMENT
		STREET 2:		300 W. 7TH STREET SUITE B
		CITY:			FORT WORTH
		STATE:			TX
		ZIP:			76102
		BUSINESS PHONE:		8668094553

	MAIL ADDRESS:	
		STREET 1:		COMPASS BANK, TRUST DEPARTMENT
		STREET 2:		300 W. 7TH STREET SUITE B
		CITY:			FORT WORTH
		STATE:			TX
		ZIP:			76102

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Southwest Bank
		CENTRAL INDEX KEY:			0001682358
		IRS NUMBER:				751105980
		STATE OF INCORPORATION:			TX
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		DFAN14A

	BUSINESS ADDRESS:	
		STREET 1:		2200 WEST 7TH STREET, SUITE 210
		CITY:			FORT WORTH
		STATE:			TX
		ZIP:			76107
		BUSINESS PHONE:		817.298.5587

	MAIL ADDRESS:	
		STREET 1:		2200 WEST 7TH STREET, SUITE 210
		CITY:			FORT WORTH
		STATE:			TX
		ZIP:			76107
</SEC-HEADER>
<DOCUMENT>
<TYPE>DFAN14A
<SEQUENCE>1
<FILENAME>t1600558_dfan14a.htm
<DESCRIPTION>SCHEDULE 14A
<TEXT>
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<P STYLE="margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-top: black 4.5pt double"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt"><B>UNITED
STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt"><B>Washington,
D.C. 20549</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">___________________</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 6pt; text-align: center"><FONT STYLE="font-size: 18pt"><B>SCHEDULE
14A</B></FONT><BR>
<FONT STYLE="font-size: 12pt"><B>(Rule 14a-101)</B></FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 12pt 0 6pt; text-align: center"><FONT STYLE="font-size: 12pt">INFORMATION
REQUIRED IN PROXY STATEMENT</FONT><BR>
<BR>
<FONT STYLE="font-size: 12pt"><B>SCHEDULE 14A INFORMATION</B></FONT><BR>
<BR>
<FONT STYLE="font-size: 12pt"><B>Proxy Statement pursuant to Section 14(a) of the</B></FONT><BR>
<FONT STYLE="font-size: 12pt"><B>Securities Exchange Act of 1934</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">___________________</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-transform: uppercase; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">Filed by the Registrant&nbsp;&nbsp;&nbsp;<FONT STYLE="font-family: Wingdings">&uml;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">Filed by a Party other than the Registrant&nbsp;&nbsp;&#9746;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">Check the appropriate box:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 4%">&#9744;&nbsp;</TD>
    <TD STYLE="width: 96%">Preliminary Proxy Statement</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&#9744;&nbsp;</TD>
    <TD>Confidential, for Use of the Commission Only (as Permitted by Rule 14a-6(e)(2))</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&#9744;&nbsp;</TD>
    <TD>Definitive Proxy Statement</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&#9746;&nbsp;</TD>
    <TD>Definitive Additional Materials</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&#9744;&nbsp;</TD>
    <TD>Soliciting Material Pursuant to &sect;240.14a-12&nbsp;&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; text-align: center; margin-bottom: 12pt"><FONT STYLE="font-size: 16pt"><B>SAN
JUAN BASIN ROYALTY TRUST</B></FONT><BR>
<FONT STYLE="font-size: 11pt"><B>(Name of Registrant as Specified In Its Charter)</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; text-align: center; margin-bottom: 12pt"><FONT STYLE="font-size: 14pt"><B>Southwest
Bank</B></FONT><BR>
<FONT STYLE="font-size: 14pt"><B>Robert Lansford</B></FONT><BR>
<FONT STYLE="font-size: 11pt"><B>(Name of Person(s) Filing Proxy Statement, if other than the Registrant)</B></FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Payment of Filing Fee (Check the appropriate box):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 5%">&#9746;&nbsp;</TD>
    <TD STYLE="width: 80%">No fee required.</TD>
    <TD STYLE="width: 15%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&#9744;&nbsp;</TD>
    <TD>Fee computed
on table below per Exchange Act Rules 14a-6(i)(4) and 0-11.</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 5%">(1)</TD>
    <TD STYLE="width: 90%">Title of each class of securities to which transaction applies:&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>(2)</TD>
    <TD>Aggregate number of securities to which transaction applies:</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>(3)</TD>
    <TD>Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (Set forth the amount on
which the filing fee is calculated and state how it was determined):</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>(4)&nbsp;</TD>
    <TD>Proposed maximum aggregate value of transaction:</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>(5)&nbsp;</TD>
    <TD>Total fee paid:</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&#9744;&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Fee
paid previously with preliminary materials.</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&#9744;&nbsp;</TD>
    <TD COLSPAN="2">Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the
offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and
the date of its filing.</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>(1)&nbsp;</TD>
    <TD>Amount Previously Paid:</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>(2)&nbsp;</TD>
    <TD>Form, Schedule or Registration Statement No.:</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>(3)&nbsp;</TD>
    <TD>Filing Party:</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>(4)&nbsp;</TD>
    <TD>Date Filed:</TD></TR>
</TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Southwest Bank and Robert Lansford (collectively,
the &ldquo;Southwest Bank Participants&rdquo;) have made a definitive filing with the Securities and Exchange Commission of a
solicitation statement and an accompanying WHITE request card to be used to solicit requests from unitholders of San Juan Basin
Royalty Trust (the &ldquo;Trust&rdquo;) to call a special meeting of unitholders to approve the removal of Compass Bank as trustee
of the Trust and the nomination and appointment of Southwest Bank as successor trustee.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.9pt 12pt 0">On September 1, 2016, the Southwest Bank
Participants issued the following press release.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.9pt 12pt 0; text-align: center">*******************************</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 12pt"><B>San Juan Basin Royalty Trust Unitholders Urged to Call Special Meeting to Appoint<br>
New Trustee Following Move of 30-Year SJT Trust Administrator to<br>
Southwest Bank's Royalty Trust Administration Group
</B></FONT><B> </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B><I>Proposals to be Considered if Special
Meeting Called Include Removal of Compass Bank as Trustee<BR>
and Nomination and Appointment of Southwest Bank as Successor Trustee</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B><I>Submit the WHITE Request Card to Request
Special Meeting</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">FORT WORTH, TEXAS, September 1, 2016&mdash;Southwest Bank and
Robert Lansford (collectively, the &ldquo;Southwest Bank Participants&rdquo;) announced that they are soliciting requests
from the unitholders of San Juan Basin Royalty Trust (the &ldquo;Trust&rdquo;) to call a special meeting of the Trust&rsquo;s
unitholders. If the special meeting is called, the Southwest Bank Participants intend to propose that the unitholders vote to
remove Compass Bank as trustee of the Trust and elect Southwest Bank as the successor trustee. The Southwest Bank
Participants filed a definitive proxy statement, including the WHITE request card, with the U.S. Securities and Exchange
Commission (the &ldquo;SEC&rdquo;) on August 29, 2016.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">As discussed in more detail in the definitive proxy statement, the
Southwest Bank Participants believe that the replacement of Compass Bank with Southwest Bank as trustee of the Trust will be beneficial
to the unitholders as it will maintain the continuity of the Trust&rsquo;s administration by an institution with an experienced
royalty trust group, including Lee Ann Anderson who, prior to joining Southwest Bank in October 2015, served as the trust officer
for the Trust for approximately 30 years.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Under the Trust&rsquo;s indenture, unitholders owning at
least 15% of the outstanding Trust units have the right to call a special meeting. Unitholders are urged to submit promptly
the WHITE request card included with the definitive proxy statement to authorize the Southwest Bank Participants to call the
special meeting on their behalf.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Southwest Bank has retained Okapi Partners as its solicitation agent to assist in soliciting requests for
the special meeting. Unitholders may call Okapi Partners toll-free at (877) 279-2311 with any questions about the solicitation
or to obtain a copy of the Southwest Bank Participants&rsquo; solicitation materials.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><U>About Southwest Bank</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Proudly serving North Texas for 50 years, Southwest Bank is the
largest locally owned, independent commercial bank in Tarrant County. In addition to full-service banking centers in Fort Worth,
Dallas, Arlington, Burleson, Grapevine, Mansfield and Saginaw, Southwest Bank maintains mortgage offices in Fort Worth, Dallas
and Austin and a royalty trust management office in Dallas. Southwest Bank values its customers and believes in building loyal,
lasting relationships through personalized service, honesty and integrity. For more information, visit <U>www.SouthwestBank.com</U>.
Member FDIC.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><U>Important Information</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">On August 29, 2016, the Southwest Bank Participants filed a definitive
proxy statement and accompanying WHITE request card with the SEC with respect to the solicitation of proxies to call the special
meeting of unitholders of the Trust (the &ldquo;Special Meeting Proxy Statement&rdquo;). INVESTORS AND SECURITY HOLDERS ARE URGED
TO READ CAREFULLY THE SPECIAL MEETING PROXY STATEMENT (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO), THE ACCOMPANYING WHITE
REQUEST CARD AND ANY OTHER DOCUMENTS THAT THE SOUTHWEST BANK PARTICIPANTS WILL FILE WITH THE SEC WHEN THEY BECOME AVAILABLE BECAUSE
THEY WILL CONTAIN IMPORTANT INFORMATION REGARDING THE PROXY SOLICITATION. Investors and security holders may obtain free copies
of the Special Meeting Proxy Statement and, when they are available, all other related documents filed with the SEC at the SEC&rsquo;s
web site at <U>www.sec.gov</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Each of Southwest Bank and Robert Lansford are participants in the
solicitation of proxies in connection with the request to call the special meeting of unitholders of the Trust. Information regarding
the participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise,
to the extent applicable, is available in the definitive proxy statement filed with the SEC on August 29, 2016.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 9%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Contacts:</FONT></TD>
    <TD STYLE="width: 91%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Lee Ann Anderson</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Senior Vice President and Senior Trust Administrator</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Southwest Bank</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(817) 298-5587</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD></TD>
    <TD></TD></TR>
<TR STYLE="vertical-align: top">
    <TD></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Okapi Partners</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Toll-Free 1-877-279-2311</FONT></TD></TR>
</TABLE>


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<P STYLE="margin: 0">&nbsp;</P>

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