0000921895-17-002327.txt : 20170918
0000921895-17-002327.hdr.sgml : 20170918
20170918194514
ACCESSION NUMBER: 0000921895-17-002327
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20170914
FILED AS OF DATE: 20170918
DATE AS OF CHANGE: 20170918
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: 171090935
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: 171090933
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 Co-Invest I, LP
CENTRAL INDEX KEY: 0001589343
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-15331
FILM NUMBER: 171090931
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 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: 171090932
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 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: 171090934
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
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
4
1
form409482029_09182017.xml
OWNERSHIP DOCUMENT
X0306
4
2017-09-14
1
0001093207
CROSSROADS SYSTEMS INC
CRDS
0001548312
Eberwein Jeffrey E.
53 FOREST AVENUE, 1ST FLOOR
OLD GREENWICH
CT
06870
0
0
0
1
See Footnote 1
0001589247
Lone Star Value Investors LP
53 FOREST AVENUE, 1ST FLOOR
OLD GREENWICH
CT
06870
0
0
0
1
See Footnote 1
0001589325
Lone Star Value Investors GP LLC
53 FOREST AVENUE, 1ST FLOOR
OLD GREENWICH
CT
06870
0
0
0
1
See Footnote 1
0001589350
Lone Star Value Management LLC
53 FOREST AVENUE, 1ST FLOOR
OLD GREENWICH
CT
06870
0
0
0
1
See Footnote 1
0001589343
Lone Star Value Co-Invest I, LP
53 FOREST AVENUE, 1ST FLOOR
OLD GREENWICH
CT
06870
0
0
0
1
See Footnote 1
Common Stock
2017-09-14
4
J
0
228978
0
D
0
I
By: Lone Star Value Investors, LP
Common Stock
2017-09-14
4
J
0
86739
0
A
86739
D
Common Stock
2017-09-14
4
J
0
644
0
A
644
I
By: Lone Star Value Investors GP, LLC
Common Stock
2017-09-14
4
J
0
20000
0
D
0
I
By: Separately Managed Account
Common Stock
1707
I
By: Lone Star Value Co-Invest I, LP
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"), Lone Star Value Co-Invest I, LP ("Lone Star Value Co-Invest") and Jeffrey E. Eberwein (collectively, the "Reporting Persons"). Each of the Reporting Persons may be deemed to be a member of a Section 13(d) group that no longer collectively beneficially owns 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. Mr. Eberwein expressly disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
Securities owned directly by Lone Star Value GP. Mr. Eberwein, as the manager of Lone Star Value GP, may be deemed the beneficial owner of the securities owned by Lone Star Value GP. Mr. Eberwein expressly disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
Shares held in an account separately managed by Lone Star Value Management (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.
Securities owned directly by Lone Star Value Co-Invest. Lone Star Value GP, as the general partner of Lone Star Value Co-Invest, may be deemed the beneficial owner of the securities owned by Lone Star Value Co-Invest. Lone Star Value Management, as the investment manager of Lone Star Value Co-Invest, may be deemed the beneficial owner of the securities owned by Lone Star Value Co-Invest. Mr. Eberwein, as the sole investor and sole owner of Lone Star Value Co-Invest, 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 Co-Invest. Mr. Eberwein expressly disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
Represents a pro rata in-kind distribution of shares from Lone Star Value Investors to its partners.
Represents shares acquired in connection with the pro rata in-kind distribution from Lone Star Value Investors to its partners.
Excludes 409 shares of restricted stock granted under the Issuer's 2010 Stock Incentive Plan, as amended, which were scheduled to vest on October 18, 2017, that were canceled by mutual agreement of Mr. Eberwein and the Issuer for no consideration.
The shares held in the Separately Managed Account I were transferred directly to the owner of the Separately Managed Account I.
/s/ Jeffrey E. Eberwein
2017-09-18
Lone Star Value Investors, LP; By: Lone Star Value Investors GP, LLC; By: /s/ Jeffrey E. Eberwein
2017-09-18
Lone Star Value Investors GP, LLC; By: /s/ Jeffrey E. Eberwein
2017-09-18
Lone Star Value Management, LLC; By: /s/ Jeffrey E. Eberwein
2017-09-18
Lone Star Value Co-Invest I, LP; By: /s/ Lone Star Value Investors GP, LLC; By: /s/ Jeffrey E. Eberwein
2017-09-18