SEC Form 4 · accession 0001144204-15-004706
CROSSROADS SYSTEMS INC · CRSS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard Kenneth Coleman Jr.
Officer — President and CEO · Director
Period of report
Jan 27, 2015
Accepted (ET)
Jan 29, 2015 · 6:38 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001093207
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Jan 27, 2015 | A | 10,869 | — | A | 10,869 | I | By: RKC Investments, LLC |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock Warrants (right to buy)F1,F2,F3 | $2.76 | Jan 27, 2015 | A | 5,434 | A | — | Jan 30, 2020 | Common Stock | 5,434 | 5,434 | I |
Explanation of responses
- F1The reported securities are included within 10,869 Units purchased by the reporting person for $2.30 per Unit. Each Unit consists of one share of common stock and one warrant to purchase one-half of a share of common stock.
- F2Shares are held of record by RKC Investments, LLC. Mr. Coleman may be deemed to exercise indirect voting and investment control over these securities. Mr. Coleman disclaims beneficial ownership of these shares of the Issuer's common stock except to the extent of any pecuniary interest therein, and the filing of this report is not an admission that Mr. Coleman is the beneficial owner of these shares for purposes of Section 16 or for any other purpose.
- F3The warrants reported herein are exercisable beginning July 30, 2015, subject to certain ownership limitations set forth therein.