SEC Form 3
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person*
210/CRDS Investment LLC

(Last) (First) (Middle)
8214 WESTCHESTER DRIVE, SUITE 950

(Street)
DALLAS TX 75225

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
10/03/2017
3. Issuer Name and Ticker or Trading Symbol
CROSSROADS SYSTEMS INC [ CRSS ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) X Other (specify below)
See Explanation of Responses
5. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
X Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock(1)(2) 1,492,285 D
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
1. Name and Address of Reporting Person*
210/CRDS Investment LLC

(Last) (First) (Middle)
8214 WESTCHESTER DRIVE, SUITE 950

(Street)
DALLAS TX 75225

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) X Other (specify below)
See Explanation of Responses
1. Name and Address of Reporting Person*
210 Capital, LLC

(Last) (First) (Middle)
8214 WESTCHESTER DRIVE
SUITE 950

(Street)
DALLAS TX 75225

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director 10% Owner
Officer (give title below) X Other (specify below)
See Explanation of Responses
Explanation of Responses:
1. This Form 3 is being filed by (a) 210/CRDS Investment LLC ("210/CRDS") in its capacity as a direct holder of 1,492,285 shares of common stock of the Issuer and (b) 210 Capital, LLC ("210 Capital") in its capacity as the sole member of 210/CRDS (collectively, the "Reporting Persons"). 210 Capital disclaims beneficial ownership of these shares of the Issuer's common stock except to the extent of its pecuniary interest therein, and the filing of this Form 3 shall not be construed as an admission that 210 Capital is a beneficial owner of these shares of the Issuer's common stock for purposes of Section 16 or for any other purpose.
2. The Reporting Persons may be deemed to be members of a Section 13(d) group that collectively beneficially owns more than 10% of the Issuer's outstanding shares of common stock. A statement on Schedule 13D was initially jointly filed on October 24, 2017 by the Reporting Persons and other persons with respect to the shares of the Issuer's common stock reported on this Form 3.
210/CRDS INVESTMENT LLC, By: 210 Capital, LLC, its Sole Member, By: Covenant RHA Partners, L.P., its Member, By: /s/ Robert H. Alpert, its Authorized Signatory; By: CCW/LAW Holdings, LLC, its Member, By: /s/ C. Clark Webb, its Authorized Signatory 10/30/2017
210 CAPITAL, LLC, By: Covenant RHA Partners, L.P., its Member, By: /s/ Robert H. Alpert, its Authorized Signatory; By: CCW/LAW Holdings, LLC, its Member, By: /s/ C. Clark Webb, its Authorized Signatory 10/30/2017
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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