Form Type: 4

SEC EDGAR Link
Accession Number:0001144204-14-055781
Date:2014-09-10
Issuer: CROSSROADS SYSTEMS INC (CRDS)
Original Submission Date:

Reporting Person:

EBERWEIN JEFFREY E.
11000 NORTH MOPAC EXPRESSWAY
AUSTIN, TX 78759

Reporting Person:

LONE STAR VALUE INVESTORS LP
53 FOREST AVENUE, 1ST FLOOR
OLD GREENWICH, CT 06870

Reporting Person:

LONE STAR VALUE INVESTORS GP LLC
53 FOREST AVENUE, 1ST FLOOR
OLD GREENWICH, CT 06870

Reporting Person:

LONE STAR VALUE MANAGEMENT LLC
53 FOREST AVENUE, 1ST FLOOR
OLD GREENWICH, CT 06870

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
COMMON STOCK 2014-09-10 P 5,000 a $2.72 2,227,052 indirect f5
COMMON STOCK 2014-09-11 P 5,000 a $2.70 2,232,052 indirect f5
COMMON STOCK 2014-09-12 P 5,000 a $2.67 2,237,052 indirect f5
COMMON STOCK 2014-09-10 0 $0.00 22,763 direct
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
Footnotes
IDfootnote
f1 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 investors, lp on june 17, 2014.
f2 the price reported is a weighted average price. these shares were purchased in multiple transactions at prices ranging from $2.66 to $2.75, inclusive. the reporting person undertakes 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.
f3 the price reported is a weighted average price. these shares were purchased in multiple transactions at prices ranging from $2.66 to $2.73, inclusive. the reporting person undertakes 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.
f4 the price reported is a weighted average price. these shares were purchased in multiple transactions at prices ranging from $2.64 to $2.715, inclusive. the reporting person undertakes 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.
f5 shares are held directly by lone star value investors, lp. lone star value investors gp, llc is the general partner of, and controls, lone star value investors, lp. lone star value management, llc exercises contractual voting and investment control over securities held by lone star value investors, lp. mr. eberwein is the managing member of lone star value management, llc and exercises indirect voting and investment control over these securities. mr. eberwein disclaims beneficial ownership of these shares of the issuer's common stock except to the extent of any pecuniary interest therein, and the filing of this report is not an admission that mr. eberwein is the beneficial owner of these shares for purposes of section 16 or for any other purpose.
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