FORM 4
[ X ] 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 OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Eberwein Jeffrey E. 		2. Issuer Name and Ticker or Trading Symbol

CROSSROADS SYSTEMS INC [ CRDS ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      _____ 10% Owner
_____ Officer (give title below)      __ X __ Other (specify below)
See Footnote 1
(Last)          (First)          (Middle)

53 FOREST AVENUE, 1ST FLOOR 		3. Date of Earliest Transaction (MM/DD/YYYY)

9/14/2017
(Street)

OLD GREENWICH, CT 06870
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
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 Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 		2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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
Common Stock   (1) 9/14/2017     J (6)    228978   D $0   0   I   By: Lone Star Value Investors, LP   (2)
Common Stock   (1) 9/14/2017     J (7)    86739   A $0   86739   (8) D    
Common Stock   (1) 9/14/2017     J (7)    644   A $0   644   I   By: Lone Star Value Investors GP, LLC   (3)
Common Stock   (1) 9/14/2017     J (9)    20000   D $0   0   I   By: Separately Managed Account   (4)
Common Stock   (1)                1707   I   By: Lone Star Value Co-Invest I, LP   (5)

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 7. Title and Amount of Securities Underlying Derivative Security
(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

Explanation of Responses:
(1)  This Form 4 is filed jointly by Lone Star Value Investors, LP ("Lone Star Value Investors"), Lone Star Value Investors GP, LLC ("Lone Star Value GP"), Lone Star Value Management, LLC ("Lone Star Value Management"), Lone Star Value Co-Invest I, LP ("Lone Star Value Co-Invest") and Jeffrey E. Eberwein (collectively, the "Reporting Persons"). Each of the Reporting Persons may be deemed to be a member of a Section 13(d) group that no longer collectively beneficially owns more than 10% of the Issuer's outstanding shares of Common Stock. Each Reporting Person disclaims beneficial ownership of the shares of Common Stock reported herein except to the extent of his or its pecuniary interest therein, and this report shall not be deemed to be an admission that any Reporting Person is the beneficial owner of such shares of Common Stock for purposes of Section 16 or for any other purpose.
(2)  Securities owned directly by Lone Star Value Investors. Lone Star Value GP, as the general partner of Lone Star Value Investors, may be deemed the beneficial owner of the securities owned by Lone Star Value Investors. Lone Star Value Management, as the investment manager of Lone Star Value Investors, may be deemed the beneficial owner of the securities owned by Lone Star Value Investors. Mr. Eberwein, as the manager of Lone Star Value GP and sole member of Lone Star Value Management, may be deemed the beneficial owner of the securities owned by Lone Star Value Investors. Mr. Eberwein expressly disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
(3)  Securities owned directly by Lone Star Value GP. Mr. Eberwein, as the manager of Lone Star Value GP, may be deemed the beneficial owner of the securities owned by Lone Star Value GP. Mr. Eberwein expressly disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
(4)  Shares held in an account separately managed by Lone Star Value Management (the "Separately Managed Account I"). Lone Star Value Management, as the investment manager of the Separately Managed Account I, may be deemed to beneficially own the shares of Common Stock held in the Separately Managed Account I; and Jeffrey Eberwein, as the sole member of Lone Star Value Management may be deemed to beneficially own the shares of Common Stock held in the Separately Managed Account I for purposes of Section 16. Mr. Eberwein expressly disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
(5)  Securities owned directly by Lone Star Value Co-Invest. Lone Star Value GP, as the general partner of Lone Star Value Co-Invest, may be deemed the beneficial owner of the securities owned by Lone Star Value Co-Invest. Lone Star Value Management, as the investment manager of Lone Star Value Co-Invest, may be deemed the beneficial owner of the securities owned by Lone Star Value Co-Invest. Mr. Eberwein, as the sole investor and sole owner of Lone Star Value Co-Invest, the manager of Lone Star Value GP and sole member of Lone Star Value Management, may be deemed the beneficial owner of the securities owned by Lone Star Value Co-Invest. Mr. Eberwein expressly disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
(6)  Represents a pro rata in-kind distribution of shares from Lone Star Value Investors to its partners.
(7)  Represents shares acquired in connection with the pro rata in-kind distribution from Lone Star Value Investors to its partners.
(8)  Excludes 409 shares of restricted stock granted under the Issuer's 2010 Stock Incentive Plan, as amended, which were scheduled to vest on October 18, 2017, that were canceled by mutual agreement of Mr. Eberwein and the Issuer for no consideration.
(9)  The shares held in the Separately Managed Account I were transferred directly to the owner of the Separately Managed Account I.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Eberwein Jeffrey E.
53 FOREST AVENUE, 1ST FLOOR
OLD GREENWICH, CT 06870


See Footnote 1
Lone Star Value Investors LP
53 FOREST AVENUE, 1ST FLOOR
OLD GREENWICH, CT 06870


See Footnote 1
Lone Star Value Investors GP LLC
53 FOREST AVENUE, 1ST FLOOR
OLD GREENWICH, CT 06870


See Footnote 1
Lone Star Value Management LLC
53 FOREST AVENUE, 1ST FLOOR
OLD GREENWICH, CT 06870


See Footnote 1
Lone Star Value Co-Invest I, LP
53 FOREST AVENUE, 1ST FLOOR
OLD GREENWICH, CT 06870


See Footnote 1

Signatures
/s/ Jeffrey E. Eberwein 9/18/2017
** Signature of Reporting Person Date

Lone Star Value Investors, LP; By: Lone Star Value Investors GP, LLC; By: /s/ Jeffrey E. Eberwein 9/18/2017
** Signature of Reporting Person Date

Lone Star Value Investors GP, LLC; By: /s/ Jeffrey E. Eberwein 9/18/2017
** Signature of Reporting Person Date

Lone Star Value Management, LLC; By: /s/ Jeffrey E. Eberwein 9/18/2017
** Signature of Reporting Person Date

Lone Star Value Co-Invest I, LP; By: /s/ Lone Star Value Investors GP, LLC; By: /s/ Jeffrey E. Eberwein 9/18/2017
** 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 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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