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

The following constitutes
Amendment No. 11 to the Schedule 13D filed by the undersigned (“Amendment No. 11”).  This Amendment No. 11
amends the Schedule 13D as specifically set forth herein.

Item 5.

Interest in Securities of the Issuer.

Item 5 is hereby amended and restated to
read as follows:

The aggregate percentage of Shares reported
owned by each person named herein is based upon 3,014,726 Shares outstanding as of October 4, 2017, as reported in the Issuer’s
press release as of the same date.

A.	Lone Star Value Investors

(a)

As of the close of business on the date hereof, 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)

Lone Star Value Investors has not entered into any transactions in the securities of the Issuer since the filing of Amendment No. 10 to the Schedule 13D.

B.	Lone Star Value Co-Invest I

(a)

As of the close of business on the date hereof, 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 securities of the Issuer since the filing of Amendment No. 10 to the Schedule 13D.

C.	Lone Star Value GP

(a)

As of the close of business on the date hereof, Lone Star Value GP directly beneficially owned 644 Shares. Lone Star Value GP, as the general partner of Lone Star Value Investors and 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.