Sec Form 4 Filing - Coleman Richard Kenneth Jr. @ CROSSROADS SYSTEMS INC - 2017-07-31

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person Coleman Richard Kenneth Jr. 2. Issuer Name and Ticker or Trading Symbol CROSSROADS SYSTEMS INC [ CRDS] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X __ Director _____ 10% Owner X __ Officer (give title below) _____ Other (specify below) Executive Director (Last) (First) (Middle) 43 GLENMOOR DRIVE 3. Date of Earliest Transaction (MM/DD/YY) 07/31/2017 (Street) CHERRY HILLS VILLAGE, CO80113 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Option (right to buy) $ 2.81 07/31/2017 D 75,000 ( 1 ) 04/01/2027 Common Stock 75,000 ( 2 ) 0 D Option (right to buy) $ 5.9 07/31/2017 D 16,250 06/06/2017 06/06/2026 Common Stock 16,250 ( 2 ) 0 D Option (right to buy) $ 42.5956 07/31/2017 D 811 01/02/2017 01/02/2025 Common Stock 811 ( 2 ) 0 D Option (right to buy) $ 42.5956 07/31/2017 D 12,711 01/02/2017 01/02/2025 Common Stock 12,711 ( 2 ) 0 D Option (right to buy) $ 25.6239 07/31/2017 D 27,045 11/21/2015 11/21/2023 Common Stock 27,045 ( 2 ) 0 D Option (right to buy) $ 17.1381 07/31/2017 D 4,508 10/31/2015 10/31/2023 Common Stock 4,508 ( 2 ) 0 D Option (right to buy) $ 20.6322 07/31/2017 D 4,111 09/16/2013 09/16/2023 Common Stock 4,111 ( 2 ) 0 D Option (right to buy) $ 26.6223 07/31/2017 D 24 07/31/2013 07/31/2023 Common Stock 24 ( 2 ) 0 D Common Stock Warrant (right to buy) $ 55.2 07/31/2017 D 326 07/30/2015 01/30/2020 Common Stock 326 ( 2 ) 0 I By: RKC Investments, LLC ( 3 )

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Coleman Richard Kenneth Jr. 43 GLENMOOR DRIVE CHERRY HILLS VILLAGE, CO80113 X Executive Director Signatures /s/ Jennifer Crane, Attorney-in-Fact 08/04/2017 Signature of Reporting Person Date

Explanation of Responses:

( 1 )The option vests in full on April 1, 2018. ( 2 )These securities were canceled by mutual agreement of the Reporting Person and the Issuer in connection with the Reporting Person's amended employment agreement with the Issuer, dated as of July 31, 2017. ( 3 )Securities are held of record by RKC Investments, LLC. Mr. Coleman may be deemed to exercise indirect voting and investment control over these securities. Mr. Coleman disclaims beneficial ownership of these securities except to the extent of any pecuniary interest therein, and the filing of this report is not an admission that Mr. Coleman is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.

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 4(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).

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