SEC Form 4 · accession 0001144204-15-027485
CROSSROADS SYSTEMS INC · CRSS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey E. Eberwein
Director · 10% Owner
Period of report
Apr 30, 2015
Accepted (ET)
May 5, 2015 · 10:56 am EDT
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 | holding | — | — | — | 3,053,052 | I | By: Lone Star Value Investors, LP |
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)F2 | $2.45 | Apr 30, 2015 | A | 7,413 | A | — | Apr 30, 2025 | Common Stock | 7,413 | 7,413 | D |
Explanation of responses
- F1Sharse are held of record by Lone Star Value Investors, LP. Lone Star Value Investors GP, LLC is the general partner of, and controls, Lone Star Value Investors, LP. Lone Star Value Management, LLC exercises contractual voting and investment control over securities held by Lone Star Value Investors, LP. Mr. Eberwein is the managing member of Lone Star Value Management, LLC and exercises indirect voting and investment control over these securities. Mr. Eberwein 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. Eberwein is the beneficial owner of these shares for purposes of Section 16 or for any other purpose.
- F2The option shall vest in full on April 30, 2016, subject to continuous service.