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Filing Details

Accession Number:: 0001144204-15-011056
Form Type:: 4/A
Zero Holdings:: No
Publication Time:: 2015-02-19 21:28:56
Reporting Period:: 2015-01-30

Filing Date:: 2015-02-19
Accepted Time:: 2015-02-19 21:28:56
Original Submission Date:: 2015-02-03
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

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2015-01-30	10,000	$2.31	2,966,717	No	4	P	Indirect	By: Lone Star Value Investors, LP
Common Stock	Acquisiton	2015-02-02	10,000	$2.34	2,976,717	No	4	P	Indirect	By: Lone Star Value Investors, LP
Common Stock	Acquisiton	2015-02-03	10,000	$2.36	2,986,717	No	4	P	Indirect	By: Lone Star Value Investors, LP

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	By: Lone Star Value Investors, LP
No	4	P	Indirect	By: Lone Star Value Investors, LP
No	4	P	Indirect	By: Lone Star Value Investors, LP

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Option (Right to buy)	Acquisiton	2015-01-30	7,569	$0.00	7,569	$2.33

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
7,569		2025-01-30	No	4	A	Direct

Footnotes

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 $2.29 to $2.375, 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.
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 price reported is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $2.30 to $2.37, 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 price reported is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $2.31 to $2.40, 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.
This Table II of Form 4 is being amended to amend items 5, 7 and 9 as described in footnotes 7, 9 and 10 below.
Amount amended to correct number of option shares issued to Reporting Person on January 30, 2015.
The option shall vest in full on January 30, 2016, subject to continuous service.
Expiration date amended to reflect correct expiration of options.
Amount amended to correct number of option shares issued to Reporting Person on January 30, 2015.
Amount amended to correct number of option shares issued to Reporting Person on January 30, 2015.