13D Filing: 210 Capital, LLC and Crossroads Systems Inc (CRSS)

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Page 2 of 16 – SEC Filing

1

NAME OF REPORTING PERSON

210/CRDS Investment LLC

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ¨

(b) x

3

SEC USE ONLY

4

SOURCE OF FUNDS

WC

5

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)

¨

6

CITIZENSHIP OR PLACE OF ORGANIZATION

Texas

NUMBER
OF SHARES BENEFICIALLY
OWNED
BY EACH
REPORTING
PERSON WITH
7

SOLE VOTING POWER

– 0 –

8

SHARED VOTING POWER

1,492,285 (1)

9

SOLE DISPOSITIVE POWER

– 0 –

10

SHARED DISPOSITIVE POWER

1,492,285 (1)

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

1,492,285 (1)

12

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

¨

13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

49.5% (2)

14

TYPE OF REPORTING PERSON

OO

(1) 210/CRDS Investment
LLC (“210/CRDS”) holds directly 1,492,285 shares of common stock of Crossroads Systems, Inc.
(the “Issuer”). 210/CRDS is managed by its sole member, 210 Capital, LLC (“210 Capital”),
which is managed by its members Covenant RHA Partners, L.P. (“RHA Partners”) and CCW/LAW Holdings, LLC
(“CCW Holdings”). C. Clark Webb has the power to direct the affairs of CCW Holdings as its sole member.
In addition, RHA Partners is managed by its general partner RHA Investments, Inc. (“RHA Investments”),
and Robert H. Alpert has the power to direct the affairs of RHA Investments as its President and sole shareholder. Accordingly,
210/CRDS may be deemed to share voting and dispositive power with 210 Capital, RHA Partners, CCW Holdings, RHA Investments, Mr.
Alpert and Mr. Webb over the shares of the Issuer’s common stock that it holds.
(2) The percentage is calculated based upon 3,014,726 shares
of the Issuer’s common stock outstanding as of October 3, 2017 based on information from the Issuer.
2

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