U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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

[_]  Check box if no longer  subject to Section 16. Form 4 or Form 5 obligations
may continue. See Instruction 1(b).

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1.   Name and Address of Reporting Person*

Mosle, Jon L., Jr.
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(Last)                           (First)             (Middle)

300 Crescent Court, Suite 1300
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(Street)

Dallas, Texas 75201
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(City)                           (State)              (Zip)

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2.   Issuer Name and Ticker or Trading Symbol

Westwood Holdings Group, Inc. ("WHG")

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3.   IRS Identification Number of Reporting Person, if an Entity (Voluntary)

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4.   Statement for Month/Year

11/19/02

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5.   If Amendment, Date of Original (Month/Year)

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6.   Relationship of Reporting Person to Issuer
(Check all applicable)

[X]  Director                             [_]  10% Owner
[_]  Officer (give title below)           [_]  Other (specify below)

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7.   Individual or Joint/Group Filing (Check applicable line)

[X]  Form filed by one Reporting Person
[_]  Form filed by more than one Reporting Person
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Table I -- Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned
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6.
4.                              
5.             Owner-
Securities Acquired (A) 
or      Amount of      ship
3.           Disposed of (D)                 
Securities     Form:     7.
Transaction  (Instr. 3, 4 and 5)             
Beneficially   Direct    Nature of
2.            Code         -------------------------
------ Owned at End   (D) or    Indirect
1.                                    Transaction   (Instr. 8)                   (A)             
of Month       Indirect  Beneficial
Title of Security                     Date          ------------     Amount      or     
Price    (Instr. 3      (I)       Ownership
(Instr. 3)                            (mm/dd/yy)     Code     V                  (D)             
and 4)         (Instr.4) (Instr. 4)
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Common Stock                            11/19/02        G               23,074(1)       D                       11,926          D
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Common Stock                                                                                            23,074          I               By wife
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*    If the Form is filed by more than one  Reporting  Person,  see  Instruction
4(b)(v).

Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.

(Print or Type Response)                      (Over)

FORM 4 (continued)

Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

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10.     

9.        Owner-  

Number    ship    

of        Form
2.                                                                                    
Deriv-    of     
Conver-                    5.                              7.                         
ative     Deriv-   11.    
sion                       Number of                       Title and 
Amount           Secur-    ative    Nature 
or                         Derivative    6.                of 
Underlying     8.       ities     Secur-   of     
Exer-             4.       Securities    Date              Securities        
Price    Bene-     ity:     In-    
cise     3.       Trans-   Acquired (A)  Exercisable and   (Instr. 3 
and 4)  of       ficially  Direct   direct 
Price    Trans-   action   or Disposed   Expiration Date   -----------
-----  Deriv-   Owned     (D) or   Bene-  
1.                  of       action   Code     of(D)         (Month/Day/Year)            
Amount  ative    at End    In-      ficial 
Title of            Deriv-   Date     (Instr.  (Instr. 3,    ----------------            
or      Secur-   of        direct   Owner- 
Derivative          ative    (Month/  8)       4 and 5)      Date     Expira-            
Number  ity      Month     (I)      ship   
Security            Secur-   Day/     ------   ------------  Exer-    tion               
of      (Instr.  (Instr.   (Instr.  (Instr.
(Instr. 3)          ity      Year)    Code V    (A)   (D)    cisable  Date     Title     
Shares  5)       4)        4)       4)
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Explanation of Responses:
(1) Represents transfer of shares to wife

/s/ William R. Hardcastle, Jr.                          11/21/02
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**Signature of Reporting Person                             Date
as Attorney-in-fact

**     Intentional misstatements or omissions of facts constitute Federal 
Criminal Violations.

See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note:  File three copies of this Form, one of which must be manually signed.
If space provided is insufficient, see Instruction 6 for procedure.

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