UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

o

Rule 13d-1(b)

x

Rule 13d-1(c)

o

Rule 13d-1(d)

CUSIP No. 22765D209

1.

Names of Reporting Persons
I.R.S. Identification Nos. of above persons (entities only)

ACT Capital Management, LLLP      (I.R.S. Identification No.: 14-1895400)

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)

o

(b)

o

3.

SEC Use Only

4.

Citizenship or Place of Organization

Delaware

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power
260,250

6.

Shared Voting Power
0 (1)

7.

Sole Dispositive Power
0 shares

8.

Shared Dispositive Power
806,937 (1)

9.

Aggregate Amount Beneficially Owned by Each Reporting Person

806,937 (1)

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o

11.

Percent of Class Represented by Amount in Row (9)

7.4% (1)

12.

Type of Reporting Person (See Instructions)

PN

(1)

Amir L. Ecker and Carol G. Frankenfield are each a General Partner of ACT Capital Management, LLLP.   See Item 4 of this Schedule 13G.

CUSIP No. 22765D209

1.

Names of Reporting Persons
I.R.S. Identification Nos. of above persons (entities only)

Amir L. Ecker

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)

o

(b)

o

3.

SEC Use Only

4.

Citizenship or Place of Organization

United States

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power
442,937

6.

Shared Voting Power
326,750 (2)

7.

Sole Dispositive Power
0 shares

8.

Shared Dispositive Power
806,937 (2)

9.

Aggregate Amount Beneficially Owned by Each Reporting Person

806,937 (2)

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o

11.

Percent of Class Represented by Amount in Row (9)

7.4% (2)

12.

Type of Reporting Person (See Instructions)

IN

(2)

Amir L. Ecker is a General Partner of ACT Capital Management LLLP.  See Item 4 of this Schedule 13G.

CUSIP No. 22765D209

1.

Names of Reporting Persons
I.R.S. Identification Nos. of above persons (entities only)

Carol G. Frankenfield

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)

o

(b)

o

3.

SEC Use Only

4.

Citizenship or Place of Organization

United States

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power
4,500

6.

Shared Voting Power
260,250 (3)

7.

Sole Dispositive Power
0 shares

8.

Shared Dispositive Power
806,937 (3)

9.

Aggregate Amount Beneficially Owned by Each Reporting Person

806,937 (3)

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  x

11.

Percent of Class Represented by Amount in Row (9)

7.4% (3)

12.

Type of Reporting Person (See Instructions)

IN

(3)

Carol  G. Frankenfield is a General Partner of ACT Capital Management LLLP.  See Item 4 of this Schedule 13G.

Item 1.

(a)

Name of Issuer

Crossroads Systems, Inc.

(b)

Address of Issuer’s Principal Executive Offices

11000 North Mo-Pac Expressway
Austin, TX 78759

Item 2.

(a)

Name of Person Filing

ACT Capital Management, LLLP
Amir L. Ecker
Carol G. Frankenfield

(b)

Address of Principal Business Office or, if none, Residence

2 Radnor Corporate Center, Suite 111

Radnor, PA 19087

(c)

Citizenship

ACT Capital Management, LLLP - Delaware USA
Amir L. Ecker and Carol G. Frankenfield are U.S. Citizens.

(d)

Title of Class of Securities

Common Stock

(e)

CUSIP Number

22765D209

Item 3.

If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

(a)

o

Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).

(b)

o

Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

(c)

o

Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).

(d)

o

Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).

(e)

o

An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);

(f)

o

An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);

(g)

o

A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G);

(h)

o

A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

(i)

o

A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

(j)

o

A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J).

(k)

o

A group, in accordance with § 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:

Item 4.

Ownership

ACT Capital Management, LLLP is the beneficial owner of 757,875 shares of common stock of the Issuer and 49,062 warrants to purchase common stock, or approximately 7.4% of the total number of shares of common stock of the Issuer outstanding.  Amir L. Ecker and Carol G. Frankenfield are the General Partners of ACT Capital Management, LLLP.  Investment decisions made on behalf of ACT Capital Management, LLLP are made primarily by its General Partners.

(a)

Amount beneficially owned:   

(1)           806,937

(2)           806,937 (Mr. Ecker may be deemed a beneficial owner of the shares held by ACT Capital Management, LLLP solely because he is a General Partner of that partnership.)

(3)           806,937 (Ms. Frankenfield may be deemed a beneficial owner of the shares held by ACT Capital Management, LLLP solely because she is a General Partner of that partnership;

(b)

Percent of class:   

(1)           7.4%
(2)           7.4%
(3)           7.4%

(c)

Number of shares as to which the person has:

(i)

Sole power to vote or to direct the vote   

(1)           260,250
(2)           442,937
(3)           4,500

(ii)

Shared power to vote or to direct the vote    

(1)           0
(2)           326,750
(3)           260,250

(iii)

Sole power to dispose or to direct the disposition of   

(1)           0
(2)           0
(3)           0

(iv)

Shared power to dispose or to direct the disposition of   

(1)           806,937
(2)           806,937
(3)           806,937

The percentages set forth in this Schedule 13G are based upon the total number of shares of the Issuer’s common stock outstanding of 10,926,332 shares based on information provided by the Issuer.

Item 5.

Ownership of Five Percent or Less of a Class

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following   o.

Item 6.

Ownership of More than Five Percent on Behalf of Another Person

Not applicable.

Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person

Not applicable.

Item 8.

Identification and Classification of Members of the Group

Not applicable.

Item 9.

Notice of Dissolution of Group

Not applicable.

Item 10.

Certification

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

Date:

February 8, 2012

By:

/s/ Amir L. Ecker

Amir L. Ecker

Date:

February 8, 2012

By:

/s/ Carol G. Frankenfield

Carol G. Frankenfield

ACT CAPITAL MANAGEMENT, LLLP, by its

  General Partner, Amir L. Ecker

Date:

February 8, 2012

By:

/s/ Amir L. Ecker

General Partner

Date:

February 8, 2012

By:

/s/ Amir L. Ecker

Amir L. Ecker

Date:

February 8, 2012

By:

/s/ Carol G. Frankenfield

Carol G. Frankenfield

ACT CAPITAL MANAGEMENT, LLLP, by its

  General Partner, Amir L. Ecker

Date:

February 8, 2012

By:

/s/ Amir L. Ecker

General Partner