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 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 *

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/YYYY)

7/31/2017
(Street)

CHERRY HILLS VILLAGE, CO 80113
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ 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

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
Option (right to buy)   $2.81   7/31/2017     D         75000      (1) 4/1/2027   Common Stock   75000     (2) 0   D    
Option (right to buy)   $5.9   7/31/2017     D         16250    6/6/2017   6/6/2026   Common Stock   16250     (2) 0   D    
Option (right to buy)   $42.5956   7/31/2017     D         811    1/2/2017   1/2/2025   Common Stock   811     (2) 0   D    
Option (right to buy)   $42.5956   7/31/2017     D         12711    1/2/2017   1/2/2025   Common Stock   12711     (2) 0   D    
Option (right to buy)   $25.6239   7/31/2017     D         27045    11/21/2015   11/21/2023   Common Stock   27045     (2) 0   D    
Option (right to buy)   $17.1381   7/31/2017     D         4508    10/31/2015   10/31/2023   Common Stock   4508     (2) 0   D    
Option (right to buy)   $20.6322   7/31/2017     D         4111    9/16/2013   9/16/2023   Common Stock   4111     (2) 0   D    
Option (right to buy)   $26.6223   7/31/2017     D         24    7/31/2013   7/31/2023   Common Stock   24     (2) 0   D    
Common Stock Warrant (right to buy)   $55.2   7/31/2017     D         326    7/30/2015   1/30/2020   Common Stock   326     (2) 0   I   By: RKC Investments, LLC   (3)

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.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Coleman Richard Kenneth Jr.
43 GLENMOOR DRIVE
CHERRY HILLS VILLAGE, CO 80113 		X
Executive Director

Signatures
/s/ Jennifer Crane, Attorney-in-Fact 8/4/2017
** 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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