Gorman John Joseph – ‘SC 13D’ on 7/2/01 re: Westech Capital Corp

On:  Monday, 7/2/01, at 4:54pm ET   ·   Accession #:  950134-1-503803   ·   File #:  5-61717

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General Statement of Beneficial Ownership   —   Schedule 13D
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: SC 13D      General Statement of Beneficial Ownership              5     19K 

Document Table of Contents

SC 13D
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 UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13D

 Under the Securities Exchange Act of 1934

 (Amendment No. __)*

 WESTECH CAPITAL CORP.
(Name of Issuer)

COMMON STOCK, $0.001 PAR VALUE
(Title of Class of Securities)

 957531 20 5
(CUSIP Number)

JOHN J. GORMAN
2700 VIA FORTUNA
 SUITE 400
 AUSTIN, TEXAS 78746
(512) 306-8222
 (Name, Address and Telephone Number of Person Authorized to
 Receive Notices and Communications)

 JUNE 22, 2001
 (Date of Event Which Requires the Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report 
the acquisition that is the subject of this Schedule 13D, and is filing this    
schedule because of Sections 240.13d-l(e), 240.13d-l(f) or 240.13d-l(g), check  
the following box. [ ]                                                          

*The remainder of this cover page shall be filled out for a reporting person's  
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the       
disclosures provided in a prior cover page.                                     

The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of   
1934 ("Act") or otherwise subject to the liabilities of that section of the Act 
but shall be subject to all other provisions of the Act (however, see the       
Notes).                                                                         

SC 13D
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Cusip No. 957531 20 5               13D                           Page 2 of 5   

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1.   Name of Reporting Person                                                   

I. R. S. Identification Nos. of Above Persons (entities only)         

John J. Gorman                                                        
--------------------------------------------------------------------------------
2.   Check the Appropriate Box if a Member of a Group                           
  (See Instructions)                                               (a) [ ]
                                                                   (b) [ ]

--------------------------------------------------------------------------------
3.   SEC Use Only                                                               

--------------------------------------------------------------------------------
4.   Source of Funds (See Instructions):                                    PF  

--------------------------------------------------------------------------------
5.   Check if Disclosure of Legal Proceedings Is Required Pursuant              
   to Items 2(d) or 2(e)                                                 [ ]

--------------------------------------------------------------------------------
6.   Citizenship or Place of Organization: United States                        

--------------------------------------------------------------------------------
Number of Shares         7.       Sole Voting Power                 611,282(1)  
Beneficially                                                                    
Owned by Each            8.       Shared Voting Power                     0     
Reporting Person                                                                
With:                    9.       Sole Dispositive Power            611,282(1)  

                    10.      Shared Dispositive Power                0
--------------------------------------------------------------------------------
11.  Aggregate Amount Beneficially Owned by Each Reporting Person   611,282(1)  

--------------------------------------------------------------------------------
12.  Check if the Aggregate Amount in Row (11) Excludes Certain Shares          
   (See Instructions)                                                    [ ]

--------------------------------------------------------------------------------
13.  Percent of Class Represented by Amount in Row (11)               47.3%(2)  

--------------------------------------------------------------------------------
14.  Type of Reporting Person (See Instructions)                           IN   

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(1)  Includes 26,667 shares of common stock issuable pursuant to an option      
     granted under our stock option plan which is exercisable as of November 10,
2000.                                                                 

(2)  Includes the option shares described above for purposes of calculating     
percent ownership.                                                    

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Cusip No. 957531 20 5                                             Page 3 of 5   

ITEM 1. SECURITY AND ISSUER                                                     

      The class of equity securities to which this Schedule 13D relates is
the Common Stock, par value $0.001 per share (the "COMMON STOCK"), of Westech   
Capital Corp., a Delaware corporation (the "ISSUER"). The principal executive   
offices of the Issuer are located at 2700 Via Fortuna, Suite 400, Austin, Texas 
78746.                                                                          

ITEM 2. IDENTITY AND BACKGROUND                                                 

(a)      John J. Gorman                                       

(b)      2700 Via Fortuna, Suite 400, Austin, Texas 78746     

  (c)      Mr. Gorman is Chairman of the Board and Chief Executive
Officer of Westech Capital Corp.            

        (d)      During the last five years, Mr. Gorman has not been convicted
             in a criminal proceeding (excluding traffic violations or
similar misdemeanors).                      

         (e)      During the last five years, Mr. Gorman has not been a party to
              a civil proceeding of a judicial or administrative body of
                 competent jurisdiction as a result of which Mr. Gorman was or
             is subject to a judgment, decree or final order enjoining
                future violations of, or prohibiting or mandating activities
               subject to, Federal or state securities laws or finding any
violation with respect to such laws.        

(f)      United States                                        

ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION                       

        Mr. Gorman was issued 578,193 shares of Common Stock (giving effect to
the 10 for 1 reverse stock split effective June 29, 2001) in connection with a  
reverse merger (the "REVERSE MERGER") transaction effective August 27, 1999,    
whereby Westech Merger Sub, Inc., a wholly owned subsidiary of the Issuer       
("MERGER SUB"), was merged with and into Tejas Securities Group Holding Company,
the parent company of Tejas Securities Group, Inc. ("Tejas").                   

       At the time of the Reverse Merger, Mr. Gorman was the Chairman of the
Board and Chief Executive Officer of Tejas Holding and Tejas.                   

 Pursuant to the terms of the Westech Capital Corp. Shareholders
Agreement, dated November 23, 1999, Mr. Gorman utilized his personal funds to   
purchase 24,825 shares of Common Stock from Michael Hidalgo for $49,650.        

       The remaining 26,667 shares of common stock are issuable, pursuant to
an option granted under the Westech Capital Corp. Stock Option Plan which is    
exercisable as of November 10, 2000.                                            

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Cusip No. 957531 20 5                                             Page 4 of 5   

ITEM 4. PURPOSE OF TRANSACTION                                                  

      Mr. Gorman originally acquired beneficial ownership of 24,825 of the
Issuer's Common Stock for investment purposes. Mr. Gorman may, at any time and  
from time to time, purchase additional shares of Common Stock and may dispose of
any and all shares of Common Stock held by him. Notwithstanding the foregoing,  
Mr. Gorman has no current plan or proposal that relates to, or would result in, 
any of the actions enumerated in subparagraphs (a) through (j) of Item 4 of     
Schedule 13D.                                                                   

ITEM 5. INTEREST IN SECURITIES OF THE ISSUER                                    

                                                                [Download Table]
                                                                              
(a)      Amount beneficially owned:                                   611,282 

         Percentage of class:                                            47.3%

(b)      Number of shares as to which such person has:                        

         (i)      sole power to vote or to direct the vote:           611,282 

         (ii)     shared power to vote or to direct the vote:               0 

         (iii)    sole power to dispose or direct the                         
                  disposition of:                                     611,282 

         (iv)     shared power to dispose or direct the                       
                  disposition of:                                           0 

ITEM 6. CONTRACT, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO 
SECURITIES OF THE ISSUER.                                       

         Except as set forth herein or in the Exhibits filed herewith, there are
no contracts, arrangements, understanding or relationships of the type required 
to be disclosed in response to Item 6 of Schedule 13D of the Act with respect to
the Common Stock owned by Mr. Gorman.                                           

ITEM 7. MATERIAL TO BE FILED AS EXHIBITS                                        

None.                                                         

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SC 13D
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Cusip No. 957531 20                                                Page 5 of 5  

 SIGNATURE

        After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and  
correct.                                                                        

Date: July 2, 2001                             /s/ John J. Gorman               
                                             -------------------------------
                            John J. Gorman

Dates Referenced Herein   and   Documents Incorporated by Reference

				Referenced-On Page
This ‘SC 13D’ Filing		Date		First		Last			Other Filings
Filed on:		7/2/01		5
		6/29/01		3
		6/22/01		1					8-K
		11/10/00		2		3
		11/23/99		3
		8/27/99		3					8-K,  8-K/A
									List all Filings