0001144204-15-062021.txt : 20151030
0001144204-15-062021.hdr.sgml : 20151030
20151030180742
ACCESSION NUMBER: 0001144204-15-062021
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20151029
FILED AS OF DATE: 20151030
DATE AS OF CHANGE: 20151030
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: CROSSROADS SYSTEMS INC
CENTRAL INDEX KEY: 0001093207
STANDARD INDUSTRIAL CLASSIFICATION: COMPUTER PERIPHERAL EQUIPMENT, NEC [3577]
IRS NUMBER: 742846643
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1031
BUSINESS ADDRESS:
STREET 1: 11000 NORTH MOPAC EXPRESSWAY
CITY: AUSTIN
STATE: TX
ZIP: 78759
BUSINESS PHONE: 5123490300
MAIL ADDRESS:
STREET 1: 11000 NORTH MOPAC EXPRESSWAY
STREET 2: .
CITY: AUSTIN
STATE: TX
ZIP: 78759
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Lone Star Value Management LLC
CENTRAL INDEX KEY: 0001589350
STATE OF INCORPORATION: CT
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-15331
FILM NUMBER: 151188796
BUSINESS ADDRESS:
STREET 1: 53 FOREST AVENUE, 1ST FLOOR
CITY: OLD GREENWICH
STATE: CT
ZIP: 06870
BUSINESS PHONE: (203) 542-0235
MAIL ADDRESS:
STREET 1: 53 FOREST AVENUE, 1ST FLOOR
CITY: OLD GREENWICH
STATE: CT
ZIP: 06870
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Lone Star Value Investors GP LLC
CENTRAL INDEX KEY: 0001589325
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-15331
FILM NUMBER: 151188797
BUSINESS ADDRESS:
STREET 1: 53 FOREST AVENUE, 1ST FLOOR
CITY: OLD GREENWICH
STATE: CT
ZIP: 06870
BUSINESS PHONE: (203) 564-1405
MAIL ADDRESS:
STREET 1: 53 FOREST AVENUE, 1ST FLOOR
CITY: OLD GREENWICH
STATE: CT
ZIP: 06870
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Lone Star Value Investors LP
CENTRAL INDEX KEY: 0001589247
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-15331
FILM NUMBER: 151188798
BUSINESS ADDRESS:
STREET 1: 53 FOREST AVENUE, 1ST FLOOR
CITY: OLD GREENWICH
STATE: CT
ZIP: 06870
BUSINESS PHONE: (203) 542-0235
MAIL ADDRESS:
STREET 1: 53 FOREST AVENUE, 1ST FLOOR
CITY: OLD GREENWICH
STATE: CT
ZIP: 06870
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Eberwein Jeffrey E.
CENTRAL INDEX KEY: 0001548312
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-15331
FILM NUMBER: 151188799
MAIL ADDRESS:
STREET 1: 53 FOREST AVENUE, 1ST FLOOR
CITY: OLD GREENWICH
STATE: CT
ZIP: 06870
4
1
v423403_4.xml
OWNERSHIP DOCUMENT
X0306
4
2015-10-29
0
0001093207
CROSSROADS SYSTEMS INC
CRDS
0001548312
Eberwein Jeffrey E.
C/O CROSSROADS SYSTEMS, INC.
11000 NORTH MOPAC EXPRESSWAY 150
AUSTIN
TX
78759
1
0
1
0
0001589247
Lone Star Value Investors LP
53 FOREST AVENUE, 1ST FLOOR
OLD GREENWICH
CT
06870
0
0
1
0
0001589325
Lone Star Value Investors GP LLC
53 FOREST AVENUE, 1ST FLOOR
OLD GREENWICH
CT
06870
0
0
1
0
0001589350
Lone Star Value Management LLC
53 FOREST AVENUE, 1ST FLOOR
OLD GREENWICH
CT
06870
0
0
1
0
Common Stock
34144
D
Common Stock
4579578
I
By: Lone Star Value Investors, LP
Common Stock
2015-10-29
4
P
0
5000
1.3964
A
145000
I
By: Separately Managed Account
Common Stock
2015-10-30
4
P
0
5000
1.413
A
150000
I
By: Separately Managed Account
This Form 4 is filed jointly by Lone Star Value Investors, LP ("Lone Star Value Investors"), Lone Star Value Investors GP, LLC ("Lone Star Value GP"), Lone Star Value Management, LLC ("Lone Star Value Management") and Jeffrey E. Eberwein (collectively, the "Reporting Persons"). Mr. Eberwein is a director of the Issuer and each Reporting Person is a member of a reporting group that owns in the aggregate more than 10% of the Issuer's outstanding shares of Common Stock. Each Reporting Person disclaims beneficial ownership of the shares of Common Stock reported herein except to the extent of his or its pecuniary interest therein, and this report shall not be deemed to be an admission that any Reporting Person is the beneficial owner of such shares of Common Stock for purposes of Section 16 or for any other purpose.
Securities owned directly by Lone Star Value Investors. Lone Star Value GP, as the general partner of Lone Star Value Investors, may be deemed the
beneficial owner of the securities owned by Lone Star Value Investors. Lone Star Value Management, as the investment manager of Lone Star Value
Investors, may be deemed the beneficial owner of the securities owned by Lone Star Value Investors. Mr. Eberwein, as the manager of Lone Star Value
GP and sole member of Lone Star Value Management, may be deemed the beneficial owner of the securities owned by Lone Star Value Investors.
The purchases of shares reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan entered into by Lone Star Value Management
on behalf of an account separately managed by Lone Star Value Management (the "Separately Managed Account I") on September 10, 2015.
The price reported is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $1.38 to $1.40, inclusive.
The Reporting Persons undertake to provide the Securities and Exchange Commission, upon request, further information regarding the number of
shares purchased at each separate price such shares were purchased, and the underlying identity of the separately managed account.
Shares held in the Separately Managed Account I. Lone Star Value Management, as the investment manager of the Separately Managed Account I,
may be deemed to beneficially own the shares of Common Stock held in the Separately Managed Account I; and Jeffrey Eberwein, as the sole member
of Lone Star Value Management may be deemed to beneficially own the shares of Common Stock held in the Separately Managed Account I for
purposes of Section 16. Mr. Eberwein expressly disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
The price reported is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $1.38 to $1.435,
inclusive. The Reporting Persons undertake to provide the Securities and Exchange Commission, upon request, further information regarding the
number of shares purchased at each separate price such shares were purchased, and the underlying identity of the separately managed account.
/s/ Eric Bannerot, Attorney-in-Fact for Jeffrey E. Eberwein
2015-10-30
Lone Star Value Investors, LP; By: Lone Star Value Investors GP, LLC; By: /s/ Eric Bannerot, Attorney-in-Fact for Jeffrey E. Eberwein
2015-10-30
Lone Star Value Investors GP, LLC; By: /s/ Eric Bannerot, Attorney-in-Fact for Jeffrey E. Eberwein
2015-10-30
Lone Star Value Management, LLC; By: /s/ Eric Bannerot, Attorney-in-Fact for Jeffrey E. Eberwein
2015-10-30