Filing Details
- Accession Number:
- 0001144204-15-004708
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2015-01-29 18:39:15
- Reporting Period:
- 2015-01-27
- Filing Date:
- 2015-01-29
- Accepted Time:
- 2015-01-29 18:39:15
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1093207 | Crossroads Systems Inc | CRDS | Computer Peripheral Equipment, Nec (3577) | 742846643 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1548312 | E. Jeffrey Eberwein | 11000 North Mopac Expressway Austin TX 78759 | Yes | No | Yes | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Acquisiton | 2015-01-27 | 350,000 | $0.00 | 2,946,717 | No | 4 | A | Indirect | By: Lone Star Value Investors, LP |
| Common Stock | Acquisiton | 2015-01-29 | 10,000 | $2.32 | 2,956,717 | No | 4 | P | Indirect | By: Lone Star Value Investors, LP |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | A | Indirect | By: Lone Star Value Investors, LP |
| No | 4 | P | Indirect | By: Lone Star Value Investors, LP |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Common Stock Warrants (right to buy) | Acquisiton | 2015-01-27 | 175,000 | $0.00 | 175,000 | $2.76 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 175,000 | 2020-01-30 | No | 4 | A | Indirect |
Footnotes
- The reported securities are included within 350,000 Units purchased by the reporting person for $2.30 per Unit. Each Unit consists of one share of common stock and one warrant to purchase one-half of a share of common stock.
- Shares are held of record by Lone Star Value Investors, LP. Lone Star Value Investors GP, LLC is the general partner of, and controls, Lone Star Value Investors, LP. Lone Star Value Management, LLC exercises contractual voting and investment control over securities held by Lone Star Value Investors, LP. Mr. Eberwein is the managing member of Lone Star Value Management, LLC and exercises indirect voting and investment control over these securities. Mr. Eberwein disclaims beneficial ownership of these shares of the Issuer's common stock except to the extent of any pecuniary interest therein, and the filing of this report is not an admission that Mr. Eberwein is the beneficial owner of these shares for purposes of Section 16 or for any other purpose.
- The purchases of shares reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan entered into by Lone Star Value Investors, LP on June 17, 2014.
- The price reported is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $2.30 to $2.35, inclusive. The reporting person undertakes to provide the Securities and Exchange Commission, upon request, further information regarding the number of shares purchased at each separate price such shares were purchased.
- The warrants reported herein are exercisable beginning July 30, 2015, subject to certain ownership limitations set forth therein.
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