SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person* WATSON HAYDEN D (Last) (First) (Middle) 7901 BEE CAVES RD* 18 (Street) AUSTIN TX 78746 (City) (State) (Zip)	2. Date of Event Requiring Statement (Month/Day/Year) 11/15/2007	3. Issuer Name and Ticker or Trading Symbol TREATY OAK BANCORP INC [ TOAK ]
		4. Relationship of Reporting Person(s) to Issuer (Check all applicable) X Director 10% Owner Officer (give title below) Other (specify below)	5. If Amendment, Date of 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

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	29,880	I	Charles Schwab
Common Stock	12,454	I	H&B Waston Interests, Ltd.
Common Stock	9,026	I	Charles Schwab, Custodian for Hayden Watson - IRA Rollover

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Options to acquire common stock	05/20/2004	05/19/2014	Common Stock	10,000	$8.33	D
Options to acquire common stock	02/08/2005	02/09/2015	Common Stock	3,000	$8.83	D
Options to acquire common stock	10/25/2005	10/24/2015	Common Stock	7,500	$8.5	D
Options to acquire common stock	12/31/2006	12/30/2016	Common Stock	3,000	$9	D
Options to acquire common stock	12/31/2006	12/30/2016	Common Stock	3,000	$9	D
Options to acquire common stock	01/01/2007	12/31/2016	Common Stock	3,000	$9	D
Options to acquire common stock	01/01/2007	12/31/2016	Common Stock	3,000	$9	D

Explanation of Responses:

	/s/ Hayden Watson	11/13/2007
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.