SEC Form 4 · accession 0001144204-15-000960
CROSSROADS SYSTEMS INC · CRSS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard Kenneth Coleman Jr.
Officer — Chief Executive Officer · Director
Period of report
Jan 2, 2015
Accepted (ET)
Jan 6, 2015 · 6:58 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001093207
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Option (Right to buy)F1 | $2.56 | Jan 2, 2015 | A | 225,000 | A | — | Jan 1, 2025 | Common Stock | 225,000 | 225,000 | D |
Explanation of responses
- F1The Options vest over a two year period in one-eighth (1/8th) increments at the end of each of the company's fiscal quarters. The first one-eighth (1/8th) vests on January 31, 2015.