SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
ABS PARTNERS IV LLC

(Last) (First) (Middle)
400 EAST PRATT STREET
SUITE 910

(Street)
BALTIMORE MD 21202-3116

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Double-Take Software, Inc. [ DBTK ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
01/26/2010
4. If Amendment, Date of 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
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, par value $.001 01/26/2010 S 18,318 D $9.8577(1) 1,096,925 I(2) By ABS Capital Partners IV, L.P.
Common Stock, par value $.001 01/26/2010 S 613 D $9.8577(1) 36,728 I(2) By ABS Capital Partners IV-A, L.P.
Common Stock, par value $.001 01/26/2010 S 1,052 D $9.8577(1) 63,000 I(2) By ABS Capital Partners IV Offshore, L.P.
Common Stock, par value $.001 01/26/2010 S 717 D $9.8577(1) 42,955 I(2) By ABS Capital Partners IV Special Offshore, L.P.
Common Stock, par value $.001 01/27/2010 S 41,581 D $10.2294(3) 1,055,344 I(2) By ABS Capital Partners IV, L.P.
Common Stock, par value $.001 01/27/2010 S 1,392 D $10.2294(3) 35,336 I(2) By ABS Capital Partners IV-A, L.P.
Common Stock, par value $.001 01/27/2010 S 2,388 D $10.2294(3) 60,612 I(2) By ABS Capital Partners IV Offshore, L.P.
Common Stock, par value $.001 01/27/2010 S 1,628 D $10.2294(3) 41,327 I(2) By ABS Capital Partners IV Special Offshore, L.P.
Common Stock, par value $.001 01/28/2010 S 12,056 D $10.2697(5) 1,043,288 I(2) By ABS Capital Partners IV, L.P.
Common Stock, par value $.001 01/28/2010 S 404 D $10.2697(5) 34,932 I(2) By ABS Capital Partners IV-A, L.P.
Common Stock, par value $.001 01/28/2010 S 692 D $10.2697(5) 59,920 I(2) By ABS Capital Partners IV Offshore, L.P.
Common Stock, par value $.001 01/28/2010 S 472 D $10.2697(5) 40,855 I(2) By ABS Capital Partners IV Special Offshore, L.P.
Common Stock, par value $.001 13,399(4) D
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 Securities Underlying Derivative Security (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: 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
1. Name and Address of Reporting Person*
ABS PARTNERS IV LLC

(Last) (First) (Middle)
400 EAST PRATT STREET
SUITE 910

(Street)
BALTIMORE MD 21202-3116

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
X Director 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
GOSWAMI ASHOKE

(Last) (First) (Middle)
400 E. PRATT STREET SUITE 910

(Street)
BALTIMORE MD 21202

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
X Director 10% Owner
Officer (give title below) Other (specify below)
Explanation of Responses:
1. The price of $9.8577 per share represents a weighted average of sales prices ranging from $9.77 to $10.04 per share. The reporting persons undertake to provide upon request by the Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares purchased or sold at each separate price.
2. ABS Capital Partners IV, LLC (the "General Partner") is the general partner of ABS Capital Partners IV, LP, ABS Capital Partners IV-A, LP, ABS Capital Partners IV Offshore, LP, and ABS Capital Partners IV Special Offshore, LP (collectively, the "Funds") and Ashoke Goswami is a managing member of the General Partner ("Manager"). The General Partner and the Manager are reporting the indirect beneficial ownership of the reported securities. The General Partner and the Manager disclaim beneficial ownership of these securities except to the extent of their pecuniary interest therein. The General Partner of the Funds has voting and dispositive power over these securities.
3. The price of $10.2294 per share represents a weighted average of sales prices ranging from $9.69 to $10.50 per share. The reporting persons undertake to provide upon request by the Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares purchased or sold at each separate price.
4. Shares held directly by Ashoke Goswami.
5. The price of $10.2697 per share represents a weighted average of sales prices ranging from $10.14 to $10.40 per share. The reporting persons undertake to provide upon request by the Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares purchased or sold at each separate price.
Remarks:
The General Partner is the general partner of ABS Capital Partners IV, LP, ABS Capital Partners IV-A, LP, ABS Capital Partners IV Offshore, LP, and ABS Capital Partners IV Special Offshore, LP, each of which may be deemed a director by deputization as a result of Ashoke Goswami, a manager of the General Partner, serving on the board of directors of Double-Take Software, Inc. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 15, 2008 and modified on November 11, 2009.
By Donald B. Hebb, Jr., managing member 01/28/2010
Ashoke Goswami 01/28/2010
** 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 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).
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