SEC Form 4 · accession 0001144204-17-040656
CROSSROADS SYSTEMS INC · CRSS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard Kenneth Coleman Jr.
Officer — Executive Director · Director
Period of report
Jul 31, 2017
Accepted (ET)
Aug 4, 2017 · 6:47 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)F2,F1 | $2.81 | Jul 31, 2017 | D | 75,000 | D | — | Apr 1, 2027 | Common Stock | 75,000 | 0 | D |
| Option (right to buy)F2 | $5.90 | Jul 31, 2017 | D | 16,250 | D | Jun 6, 2017 | Jun 6, 2026 | Common Stock | 16,250 | 0 | D |
| Option (right to buy)F2 | $42.5956 | Jul 31, 2017 | D | 811 | D | Jan 2, 2017 | Jan 2, 2025 | Common Stock | 811 | 0 | D |
| Option (right to buy)F2 | $42.5956 | Jul 31, 2017 | D | 12,711 | D | Jan 2, 2017 | Jan 2, 2025 | Common Stock | 12,711 | 0 | D |
| Option (right to buy)F2 | $25.6239 | Jul 31, 2017 | D | 27,045 | D | Nov 21, 2015 | Nov 21, 2023 | Common Stock | 27,045 | 0 | D |
| Option (right to buy)F2 | $17.1381 | Jul 31, 2017 | D | 4,508 | D | Oct 31, 2015 | Oct 31, 2023 | Common Stock | 4,508 | 0 | D |
| Option (right to buy)F2 | $20.6322 | Jul 31, 2017 | D | 4,111 | D | Sep 16, 2013 | Sep 16, 2023 | Common Stock | 4,111 | 0 | D |
| Option (right to buy)F2 | $26.6223 | Jul 31, 2017 | D | 24 | D | Jul 31, 2013 | Jul 31, 2023 | Common Stock | 24 | 0 | D |
| Common Stock Warrant (right to buy)F2,F3 | $55.20 | Jul 31, 2017 | D | 326 | D | Jul 30, 2015 | Jan 30, 2020 | Common Stock | 326 | 0 | I |
Explanation of responses
- F1The option vests in full on April 1, 2018.
- F2These securities were canceled by mutual agreement of the Reporting Person and the Issuer in connection with the Reporting Person's amended employment agreement with the Issuer, dated as of July 31, 2017.
- F3Securities 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 securities 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 securities for purposes of Section 16 or for any other purpose.