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
                                                                                  
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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(f) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

DEIKEL THEODORE
2. Issuer Name and Ticker or Trading Symbol

Enable Holdings, Inc. [ ENAB ]
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)

1600 HIGHWAY 100 SOUTH, SUITE 500
3. Date of Earliest Transaction (MM/DD/YYYY)

2/17/2010
(Street)

ST. LOUIS PARK, MN 55416
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ 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. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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                  2248840   D  
 

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 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 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 A Convertible Preferred Stock     (1) 2/17/2010     J   (2)    713702         (1)   (1) Common Stock   47701700   $0   (2) 713702   D  
 
Warrant (Right to Buy)   $.25   2/17/2010     J   (2)       1600000    10/16/2008   10/16/2013   Common Stock   1600000   $0   (3) 0   D  
 
Warrant (Right to Buy)   $.10   2/17/2010     J   (2)       6000000    10/16/2008   10/16/2013   Common Stock   6000000   $0   (3) 0   D  
 
Warrant (Right to Buy)   $.20   2/17/2010     J   (2)       3000000    10/16/2008   10/16/2013   Common Stock   3000000   $0   (3) 0   D  
 
Warrant (Right to Buy)   $.20   2/17/2010     J   (2)       625000    11/21/2008   11/21/2013   Common Stock   625000   $0   (3) 0   D  
 
Warrant (Right to Purchase)   $.10   2/17/2010     J   (2)       1250000    11/21/2008   11/21/2013   Common Stock   1250000   $0   (3) 0   D  
 

Explanation of Responses:
( 1)  The Series 1 Convertible Preferred Stock is convertible at any time at a conversion ratio of 66.837-to-one share of common stock and has no expiration date.
( 2)  In connection with a private offering of Series 1 Convertible Preferred Stock offered by the Company and a general restructuring of the Company, the Reporting Person has agreed to the cancellation of a debenture and all outstanding interest payable thereunder previously purchased by the Reporting Person, the cancellation of warrants issued in connection therewith and to make a $100,000 payment for the Series 1 Convertible Preferred Stock.
( 3)  Warrants were received in connection with the purchase of a debenture from the issuer.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
DEIKEL THEODORE
1600 HIGHWAY 100 SOUTH
SUITE 500
ST. LOUIS PARK, MN 55416

X


Signatures
/s/ Theodore Deikel 2/19/2010
** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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