Filing Details

Accession Number:
0001144204-15-065418
Form Type:
4
Zero Holdings:
No
Publication Time:
2015-11-13 17:14:06
Reporting Period:
2015-11-13
Filing Date:
2015-11-13
Accepted Time:
2015-11-13 17:14:06
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 C/o Crossroads Systems, Inc.
11000 North Mopac Expressway 150
Austin TX 78759
Yes No Yes No
1589247 Lone Star Value Investors Lp 53 Forest Avenue, 1St Floor
Old Greenwich CT 06870
No No Yes No
1589325 Lone Star Value Investors Gp Llc 53 Forest Avenue, 1St Floor
Old Greenwich CT 06870
No No Yes No
1589350 Lone Star Value Management Llc 53 Forest Avenue, 1St Floor
Old Greenwich CT 06870
No 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 2015-11-13 5,000 $1.23 200,000 No 4 P Indirect By: Separately Managed Account
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Indirect By: Separately Managed Account
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 34,144 Direct
Common Stock 4,579,578 Indirect By: Lone Star Value Investors, LP
Footnotes
  1. This Form 4 is filed jointly by Lone Star Value Investors, LP ("Lone Star Value Investors"), Lone Star Value Investors GP, LLC ("Lone Star Value GP"), Lone Star Value Management, LLC ("Lone Star Value Management") and Jeffrey E. Eberwein (collectively, the "Reporting Persons"). Mr. Eberwein is a director of the Issuer and each Reporting Person is a member of a reporting group that owns in the aggregate more than 10% of the Issuer's outstanding shares of Common Stock. Each Reporting Person disclaims beneficial ownership of the shares of Common Stock reported herein except to the extent of his or its pecuniary interest therein, and this report shall not be deemed to be an admission that any Reporting Person is the beneficial owner of such shares of Common Stock for purposes of Section 16 or for any other purpose.
  2. Securities owned directly by Lone Star Value Investors. Lone Star Value GP, as the general partner of Lone Star Value Investors, may be deemed the beneficial owner of the securities owned by Lone Star Value Investors. Lone Star Value Management, as the investment manager of Lone Star Value Investors, may be deemed the beneficial owner of the securities owned by Lone Star Value Investors. Mr. Eberwein, as the manager of Lone Star Value GP and sole member of Lone Star Value Management, may be deemed the beneficial owner of the securities owned by Lone Star Value Investors.
  3. 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 Management on behalf of an account separately managed by Lone Star Value Management (the "Separately Managed Account I") on September 10, 2015.
  4. The price reported is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $1.22 to $1.24, inclusive. The Reporting Persons undertake 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, and the underlying identity of the separately managed account.
  5. Shares held in the Separately Managed Account I. Lone Star Value Management, as the investment manager of the Separately Managed Account I, may be deemed to beneficially own the shares of Common Stock held in the Separately Managed Account I; and Jeffrey Eberwein, as the sole member of Lone Star Value Management may be deemed to beneficially own the shares of Common Stock held in the Separately Managed Account I for purposes of Section 16. Mr. Eberwein expressly disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.