4//SEC Filing
Brackett Elliott 4
Accession 0001415889-13-000759
CIK 0001093207other
Filed
Apr 15, 8:00 PM ET
Accepted
Apr 16, 3:40 PM ET
Size
8.7 KB
Accession
0001415889-13-000759
Insider Transaction Report
Form 4
Brackett Elliott
Director
Transactions
- Purchase
5.0% Series F Convertible Preferred Stock, Sub-Series F-1
2013-03-22$2.06/sh+14,500$29,943→ 14,500 totalExercise: $2.06→ Common Stock (14,500 underlying) - Purchase
Common Stock Warrants
2013-03-22$2.00/sh+7,250$14,500→ 7,250 totalExercise: $2.00Exp: 2018-03-28→ Common Stock (7,250 underlying)
Footnotes (4)
- [F1]On March 22, 2013, the Issuer entered into a Securities Purchase Agreement with the reporting person and certain other accredited investors for the issuance and sale in a private placement of units (the "Units") at a purchase price of $2.0625 per Unit, each Unit consisting of (a) one share of 5.0% Series F convertible preferred stock, par value $0.001 per share (the "Convertible Preferred"), and (b) warrants to purchase shares of Common Stock equal to one-half of the number of shares of Convertible Preferred purchased, at an exercise price of $2.00 per whole share. The closing of the private placement occurred on March 28, 2013.
- [F2]The Convertible Preferred is convertible at the option of the holder at any time on or after the Issuer's next annual meeting of stockholders or at the option of the Issuer under the circumstances set forth in the Certificate of Designation for the Convertible Preferred.
- [F3]Subject to anti-dilution provisions under certain circumstances.
- [F4]The Warrants are exercisable starting on the date that is the later of (a) six months following the closing date of the private placement, or (b) the date of the Issuer's next annual meeting of stockholders.
Documents
Issuer
CROSSROADS SYSTEMS INC
CIK 0001093207
Entity typeother
Related Parties
1- filerCIK 0001518489
Filing Metadata
- Form type
- 4
- Filed
- Apr 15, 8:00 PM ET
- Accepted
- Apr 16, 3:40 PM ET
- Size
- 8.7 KB