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 *
Nash Jeffrey L
   2. Issuer Name and Ticker or Trading Symbol
TREATY OAK BANCORP INC [TOAK] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
CEO and President
(Last)
(First)
(Middle)
101 WESTLAKE DRIVE		 3. Date of Earliest Transaction (Month/Day/Year)
11/19/2007
(Street)

AUSTIN, TX 78746		 4. If Amendment, Date Original Filed(Month/Day/Year)
 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 11/19/2007   F   1,053 D $ 10.5 86,614 D  
Common Stock 11/20/2007   A   3,750 A $ 10.5 90,364 D  
Common Stock 05/18/2007   X   100 A $ 10 87,067 I Jeffrey L. Nash, Trustee for Kaci L. Nash
Common Stock 05/18/2007   X   100 A $ 10 87,167 I Jeffrey L. Nash, Trustee for Kelli N. Nash
Common Stock 05/18/2007   X   400 A $ 10 87,267 D  
Common Stock 05/29/2007   X   400 A $ 10 87,667 I NFS, Custodian for Jeffrey L. Nash - IRA

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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
Options to acquire common stock $ 10 11/21/2007   A   24,306     (1) 11/29/2017 Common Stock 24,306 $ 0 99,609 D  
Warrant $ 10 05/18/2007   X     100 09/30/2004 06/30/2007 Common Stock 100 (3) 900 I Jeffrey L. Nash, Trustee for Kaci L. Nash
Warrant $ 10 05/18/2007   X     100 09/30/2004 06/30/2007 Common Stock 100 (3) 800 I Jeffrey L. Nash, Trustee for Kelli N. Nash
Warrant $ 10 05/18/2007   X     400 09/30/2004 06/30/2007 Common Stock 400 (3) 400 D  
Warrant $ 10 05/29/2007   X     400 09/30/2004 06/30/2007 Common Stock 400 (3) 0 I NFS, Custodian for Jeffrey L. Nash - IRA
Options to acquire common stock $ 10.95 07/15/2007   A   10,000     (2) 07/14/2017 Common Stock 10,000 $ 0 75,303 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Nash Jeffrey L
101 WESTLAKE DRIVE
AUSTIN, TX 78746		   X     CEO and President  

Signatures

 /s/ Jeffrey L. Nash   11/21/2007
**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) one third vests 11/20/08, one third vests 11/20/09, and one third vests 11/20/10
(2) one third vests 07/15/08, one third vests 07/15/09, and one third vests 07/15/10
(3) The reported securities were acquired by the reporting person in the initial public offering of common shares. The reporting person received one warrant for each five common shares purchased at a price of $8.33 per share. No separate price was attributed to the warrants in the initial public offering.

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