13D Filing: Lone Star Value Management and Crossroads Systems Inc (CRDS)

Item 5.

Interest in Securities of the Issuer.

Items 5(a)-(c) are hereby amended and restated
to read as follows:

The aggregate percentage of Shares reported
owned by each person named herein is based upon 1,225,472 Shares outstanding as of May 25, 2017, as reported in the Issuer’s
Quarterly Report on Form 10-Q, filed with the Securities and Exchange Commission on May 25, 2017.

A.	Lone Star Value Investors

	(a)	As of September 14, 2017, Lone Star Value Investors did not beneficially own any Shares.
		Percentage: 0%

	(b)	1. Sole power to vote or direct vote: 0
		2. Shared power to vote or direct vote: 0
		3. Sole power to dispose or direct the disposition: 0
		4. Shared power to dispose or direct the disposition: 0

(c)

Except as otherwise disclosed herein, there have been no transactions in securities of the Issuer by Lone Star Value Investors during the past sixty days. On September 14, 2017, Lone Star Value Investors engaged in a pro rata in-kind distribution of 228,978 Shares to its partners for no consideration (the “Lone Star Value Distribution”).

B.	Lone Star Value Co-Invest I

	(a)	As of September 14, 2017, Lone Star Value Co-Invest I beneficially owned 1,707 Shares.
		Percentage: Less than 1%

	(b)	1. Sole power to vote or direct vote: 1,707
		2. Shared power to vote or direct vote: 0
		3. Sole power to dispose or direct the disposition: 1,707
		4. Shared power to dispose or direct the disposition: 0

(c)

Lone Star Value Co-Invest I has not entered into any transactions in the Shares during the past sixty days.

C.	Lone Star Value GP

	(a)	As of September 14, 2017, Lone Star Value GP directly beneficially owned 644 Shares. Lone Star Value GP, as the general partner of Lone Star Value Co-Invest I, may be deemed the beneficial owner of the 1,707 Shares beneficially owned by Lone Star Value Co-Invest I.
		Percentage: Less than 1%

	(b)	1. Sole power to vote or direct vote: 2,351
		2. Shared power to vote or direct vote: 0
		3. Sole power to dispose or direct the disposition: 2,351
		4. Shared power to dispose or direct the disposition: 0

(c)

Except as otherwise disclosed herein, there have been no transactions in securities of the Issuer by Lone Star Value GP during the past sixty days. Lone Star Value GP received 644 Shares in connection with the Lone Star Value Distribution.