SEC Form 4 · accession 0001144204-17-040658
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
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 | 37,500 | D | — | Apr 1, 2027 | Common Stock | 37,500 | 0 | D |
| Option (right to buy)F2 | $5.90 | Jul 31, 2017 | D | 8,750 | D | Jun 6, 2017 | Jun 6, 2026 | Common Stock | 8,750 | 0 | D |
| Option (right to buy)F2,F3 | $26.80 | Jul 31, 2017 | D | 1,000 | D | — | Sep 17, 2025 | Common Stock | 1,000 | 0 | D |
| Option (right to buy)F2,F3 | $26.80 | Jul 31, 2017 | D | 2,000 | D | — | Sep 17, 2025 | Common Stock | 2,000 | 0 | D |
| Option (right to buy)F2,F4 | $45.757 | Jul 31, 2017 | D | 5,409 | D | — | Oct 1, 2024 | Common Stock | 5,409 | 0 | D |
| Option (right to buy)F2 | $34.9417 | Jul 31, 2017 | D | 3,005 | D | Jun 13, 2015 | Jun 13, 2023 | Common Stock | 3,005 | 0 | D |
| Option (right to buy)F2 | $36.9384 | Jul 31, 2017 | D | 1,803 | D | Jan 31, 2017 | Jan 31, 2023 | Common Stock | 1,803 | 0 | D |
| Option (right to buy)F2 | $49.0848 | Jul 31, 2017 | D | 601 | D | Dec 12, 2012 | Dec 12, 2022 | Common Stock | 601 | 0 | D |
| Common Stock Warrant (right to buy)F2,F5 | $55.20 | Jul 31, 2017 | D | 6,532 | D | Jul 30, 2015 | Jan 30, 2020 | Common Stock | 6,532 | 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 retention and severance agreement with the Issuer, dated as of July 31, 2017.
- F3The option vests over a two year period until fully vested on September 17, 2017.
- F4The option vests quarterly over a four year period until fully vested on October 1, 2018.
- F5These securities are held by MCH Advisors, Inc. ("MCH"). The Reporting Person is the sole shareholder of MCH and shares voting and dispositive power over the shares held by MCH. The Reporting Person disclaims beneficial ownership of the securities held by MCH except to the extent of his pecuniary interest there.