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 * Emancipation Management LLC   2. Issuer Name and Ticker or Trading Symbol SABA SOFTWARE INC [SABA] 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) 825 THIRD AVENUE, 33RD FLOOR 3. Date of Earliest Transaction (Month/Day/Year) 12/16/2014 (Street) NEW YORK, NY 10022 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 Common Stock, $0.001 par value ("Common Stock") 12/16/2014   P   20,000 A $ 9.4 3,441,030 I See footnotes (1) (2) Common Stock 12/17/2014   P   10,000 A $ 8.9 3,451,030 I See footnotes (1) (2) Common Stock 12/18/2014   P   35,000 A $ 8.85 3,486,030 I See footnotes (1) (2)

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

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
Emancipation Management LLC 825 THIRD AVENUE 33RD FLOOR NEW YORK, NY 10022		X
Emancipation Capital 825 THIRD AVENUE 33RD FLOOR NEW YORK, NY 10022		X
Emancipation Capital SPV III LLC 825 THIRD AVENUE NEW YORK, NY 10022		X
Emancipation Capital, LLC 825 THIRD AVENUE 33RD FLOOR NEW YORK, NY 10022		X
Frumberg Charles 825 THIRD AVENUE 33RD FLOOR NEW YORK, NY 10022		X

Signatures

EMANCIPATION MANAGEMENT LLC, By: /s/ Charles Frumberg, Managing Member		12/18/2014
**Signature of Reporting Person		Date
EMANCIPATION CAPITAL LLC, By: /s/ Charles Frumberg, Managing Member		12/18/2014
**Signature of Reporting Person		Date
EMANCIPATION CAPITAL MASTER, LTD., By: /s/ Charles Frumberg, Director		12/18/2014
**Signature of Reporting Person		Date
EMANCIPATION CAPITAL SPV III LLC, By: Emancipation Capital LLC, Managing Member, By: /s/ Charles Frumberg, Managing Member		12/18/2014
**Signature of Reporting Person		Date
/s/ Charles Frumberg		12/18/2014
**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 securities reported herein are held by (i) Emancipation Capital Master, Ltd., a Cayman Islands exempted company ("Emancipation Master Ltd."), (ii) Emancipation Capital SPV III LLC, a Delaware limited liability company ("Emancipation Capital SPV") and (iii) a certain account managed by Emancipation Management (as defined below) (the "Managed Account").
(2)	Mr. Charles Frumberg ("Mr. Frumberg") serves as the managing member of Emancipation Management LLC, a New York limited liability company ("Emancipation Management"), and Emancipation Capital LLC, a Delaware limited liability company ("Emancipation Capital LLC "). Emancipation Management serves as the investment manager of Emancipation Master Ltd., Emancipation Capital SPV and the Managed Account. Emancipation Capital LLC serves as the managing member of Emancipation Capital SPV. Each Reporting Person disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein.

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