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

Published on October 6, 2017 at 5:27 pm by Insider Monkey Staff in Hedge Funds

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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)

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

D.	Lone Star Value Management

(a)

As of the close of business on the date hereof, no Shares were held in the Lone Star Value Account. Lone Star Value Management, as the investment manager of Lone Star Value Investors, Lone Star Value Co-Invest I and the Lone Star Value Account, 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: 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 Management has not entered into any transactions in the securities of the Issuer since the filing of Amendment No. 10 to the Schedule 13D.

E.	Mr. Eberwein

(a)

As of the close of business on the date hereof, Mr. Eberwein beneficially owned directly 86,739 Shares. 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 (i) 1,707 Shares owned by Lone Star Value Co-Invest I and (ii) 644 Shares owned by Lone Star Value GP.

Percentage: Approximately 3.0%

	(b)	1. Sole power to vote or direct vote: 89,090
		2. Shared power to vote or direct vote: 0
		3. Sole power to dispose or direct the disposition: 89,090
		4. Shared power to dispose or direct the disposition: 0

(c)

Mr. Eberwein has not entered into any transactions in the securities of the Issuer since the filing of Amendment No. 10 to the Schedule 13D.

(d)

No
person other than the Reporting Persons is known to have the right to receive, or the power to direct the receipt of dividends
from, or proceeds from the sale of, the Shares.

(e)

As of October 4, 2017, upon the report of the updated outstanding Share count, the Reporting Persons ceased to be the beneficial owners of more than 5% of the Shares of the Issuer.

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NASDAQ:CRDS SEC 13D Filing Lone Star Value Management Crossroads Systems Inc. (CRDS)