SEC Form 4 · accession 0001144204-15-055978
CROSSROADS SYSTEMS INC · CRSS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark C Hood
Officer — Executive Vice President
Period of report
Sep 17, 2015
Accepted (ET)
Sep 22, 2015 · 6:12 pm 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 | — | — | — | 10,870 | I | By: MCH Advisors, Inc. |
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 | $1.34 | Sep 17, 2015 | A | 60,000 | A | — | Sep 17, 2025 | Common Stock | 60,000 | 60,000 | D |
Explanation of responses
- F1Shares are held by MCH Advisors, Inc. ("MCH"). Mr. Hood, who together with his spouse is the sole shareholder of MCH, shares voting and dispositive power over the shares held by MCH. Mr. Hood disclaims beneficial ownership of the shares held by MCH except to the extent of his pecuniary interest therein.
- F2The options vest over a two year period as follows: 30,000 options on September 17, 2016, and 7,500 options quarterly thereafter until all options are fully vested on September 17, 2017.