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Filing Details

Accession Number:: 0001144204-16-112087
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2016-07-07 19:39:59
Reporting Period:: 2016-07-05

Filing Date:: 2016-07-07
Accepted Time:: 2016-07-07 19:39:59
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	Director	Officer	Large Shareholder	Other
1548312	E. Jeffrey Eberwein	C/O Crossroads Systems, Inc. 11000 North Mopac Expressway 150 Austin TX 78759	No	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

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2016-07-05	865	$3.94	10,865	No	4	P	Indirect	By: Separately Managed Account
Common Stock	Acquisiton	2016-07-06	800	$3.93	11,665	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
No	4	P	Indirect	By: Separately Managed Account

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	1,707	Direct
Common Stock	228,978	Indirect	By: Lone Star Value Investors, LP

Footnotes

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"). 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.
On June 20, 2016, the Issuer effected a 1-for-20 reverse stock split of its Common Stock, resulting in adjustments to the Reporting Persons' ownership.
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.
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 June 21, 2016.
The price reported is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $3.87 to $3.99, 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.
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.
The price reported is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $3.87 to $3.98, 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.