X0202 4 2005-07-01 0 0000869688 Tejas Inc TEJS 0000924010 ABBRUZZESE JARED E 18 CORPORATE WOODS BOULEVARD THIRD FLOOR ALBANY NY 12211 1 0 0 0 Common Stock 2005-07-01 4 A 0 2628945 A 2628945 I By Niskayuna Development LLC Nonqualified stock option (right to buy) 9 2004-11-08 4 A 0 100000 A 2009-11-08 common stock 100000 100000 D The reporting person acquired beneficial ownership of 2,628,945 shares of issuer common stock in exchange for Niskayuna Development LLC's interest in Capital & Technology Advisors, Inc. pursuant to a merger agreement, dated as of July 1, 2005, by and among the Issuer, Tejas Acquisition Corp., a wholly owned subsidiary of the Issuer and Capital & Technology Advisors, Inc. pursuant to which Tejas Acquisition Corp. was merged with and into Capital & Technology Advisors, Inc. Ther merger agreement placed a value on the Issuer's common stock of $19 per share. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all the reported shares for purposes of Section 16 or for any other purpose. The option is exercisable in three annual installments of 33,333 shares on November 8, 2004, 33,333 shares on November 8, 2005 and 33,334 shares on November 8, 2006. Not applicable Jared E Abbruzzese 2005-07-06