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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1. Name and Address of Reporting Person * Youngblood Sam   2. Issuer Name and Ticker or Trading Symbol ARGYLE SECURITY, INC. [ARGL] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) President and Chief Operating (Last) (First) (Middle) 12903 DELIVERY DRIVE 3. Date of Earliest Transaction (Month/Day/Year) 02/01/2009 (Street) SAN ANTONIO, TX 78247 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 01/12/2009 01/12/2009 I(1) V 72,305 A $ 10 471,368 D   Common Stock 02/01/2009 02/01/2009 J(2)   30,000 D $ 0 441,638 D   Common Stock 01/12/2009 01/12/2009 I(1) V 4,591 A $ 10 28,024 I Trustee of the Youngblood Charitable Remainder Unitrust

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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

Subordinated Convertible Promissory Note

$ 10

01/12/2009

I(1)

V

72,305

(4)

(4)

Common Stock

72,305

$ 10

0

D

Subordinated Convertible Promissory Note

$ 10

01/12/2009

I(1)

V

4,591

(4)

(4)

Common Stock

4,591

$ 10

0

I

Trustee of the Youngblood Charitable Remainder Unitrust

Options to Purchase Common Stock

$ 1.1

02/01/2009

A

50,000

(3)

02/01/2019

Common Stock

50,000

$ 0.75

50,000

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
Youngblood Sam 12903 DELIVERY DRIVE SAN ANTONIO, TX 78247			President and Chief Operating

Signatures

/s/ Sam Youngblood		02/02/2009
**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)	The Company elected to redeem, in full, the outstanding principal and accrued and unpaid interest on the subordinated convertible promissory at a conversion price of $10.00 per share.
(2)	Mr. Youngblood forfeited 30,000 shares of restricted stock granted to him on August 1, 2007 and January 25, 2008.
(3)	One-third of these options will become exercisable on each of December 31, 2009, 2010 and 2011.
(4)	Beginning on January 1, 2009, the Issuer had the right to redeem all or part of the promissory note at the rate of one share of Common Stock for each $10.00 of unpaid principal or unpaid accrued interest.

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