Insider Acquisition At Crossroads Systems Inc. (CRDS): Jeffrey Eberwein Boosts 15,000 Shares


Jeffrey Eberwein, Director and Large Shareholder at Crossroads Systems Inc. (NASDAQ:CRDS), has recently acquired company shares. He boosted 15,000 shares of common stock, at prices ranging from $ 2.67 to $ 2.72 per share. This purchase was effected pursuant to a Rule 10b5-1 trading plan entered into by Lone Star Value Investors, LP on June 17, 2014. Following the reported transaction, Mr. Eberwein holds 2,237,052 shares at the company, in an indirect form, by Lone Star Value Investors, LP, from which Mr. Eberwein is the managing member. “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,” (SEC). Mr. Eberwein holds directly at this $ 40.89 Million Market Cap Company another 22,763 shares of common stock.

In addition, an important Hedge Fund, Mark N. Diker’s Diker Management, has increased its stake at Crossroads Systems Inc. (NASDAQ:CRDS) by 39% over the last reported quarter. The fund currently holds 489,169 shares, at a value of about $ 1.6 Million, amount which accounts for 0.35% of the fund’s Equity Portfolio.

Disclosure: None.

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