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 *
MEZZANINE MANAGEMENT LTD
   2. Issuer Name and Ticker or Trading Symbol
ARGYLE SECURITY, INC. [ARGL.OB] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
MML CAPITAL PARTNERS 333 LUDLOW STREET, 2ND FLOOR, NORTH TOWER		 3. Date of Earliest Transaction (Month/Day/Year)
01/08/2009
(Street)

STAMFORD, CT 06902		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ 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

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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
Series B Convertible Preferred Stock $ 1.1 01/08/2009   P   27,273     (1)   (1) Common Stock (2) $ 1.1 0 (2) D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
MEZZANINE MANAGEMENT LTD
MML CAPITAL PARTNERS 333 LUDLOW STREET
2ND FLOOR, NORTH TOWER
STAMFORD, CT 06902		     X    
MEZZANINE MANAGEMENT FUND IV COINVEST A L.P.
MML CAPITAL PARTNERS 333 LUDLOW STREET
2ND FLOOR, NORTH TOWER
STAMFORD, CT 06902		     X    
MEZZANINE MANAGEMENT FUND IV A
MML CAPITAL PARTNERS 333 LUDLOW STREET
2ND FLOOR, NORTH TOWER
STAMFORD, CT 06902		     X    

Signatures

 /s/ Dudley R. Cottingham, Authorized Signatory   01/09/2009
**Signature of Reporting Person Date
 /s/ Dudley R. Cottingham, Authorized Signatory   01/09/2009
**Signature of Reporting Person Date
 /s/ Dudley R. Cottingham, Authorized Signatory   01/09/2009
**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 Series B Convertible Preferred Stock is convertible at any time at the holder's election and has no expiration date.
(2) The Series B Preferred Stock is convertible into 2,727,300 shares of common stock, subject to adjustment for certain anti-dilution protection. The Series A Preferred Stock is convertible into 1,875,000 shares of common stock, subject to adjustment for certain anti-dilution protection. As a result, immediately following this transaction, 4,602,300 shares of common stock will be beneficially owned by the reporting persons through a "group" for purposes of Section 13D of the Exchange Act. The group is composed of the following entities and individuals: Mezzanine Management Fund IV A, L.P. ("Fund IV"), Mezzanine Management Fund IV Coinvest A, L.P. ("Coinvest"), Mezzanine Management Limited ("Mezzanine"), Rory Brooks ("Brooks") and James Read ("Read"). Fund IV shares voting and dispositive power over 4,532,600 of the shares. Coinvest A shares voting and dispositive power over 69,700 of the shares. Mezzanine, Brooks and Read share voting and dispositive power over all 4,602,300 shares.

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