SEC Form 4 · accession 0001144204-16-107512
CROSSROADS SYSTEMS INC · CRSS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard Kenneth Coleman Jr.
Officer — President & CEO · Director
Period of report
Jun 6, 2016
Accepted (ET)
Jun 8, 2016 · 4:28 pm EDT
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 | $0.295 | Jun 6, 2016 | A | 325,000 | A | — | Jun 6, 2026 | Common Stock | 325,000 | 325,000 | D |
Explanation of responses
- F1The options vest over a two year period as follows: 162,500 options on June 6, 2017, and 40,625 options quarterly thereafter until all options are fully vested on June 6, 2018.