0000950155-15-000002.txt : 20150106 0000950155-15-000002.hdr.sgml : 20150106 20150105182029 ACCESSION NUMBER: 0000950155-15-000002 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20150106 DATE AS OF CHANGE: 20150105 GROUP MEMBERS: CRAMER PARTNERS LLC SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: THESTREET, INC. CENTRAL INDEX KEY: 0001080056 STANDARD INDUSTRIAL CLASSIFICATION: NEWSPAPERS: PUBLISHING OR PUBLISHING & PRINTING [2711] IRS NUMBER: 061515824 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-56341 FILM NUMBER: 15507167 BUSINESS ADDRESS: STREET 1: 14 WALL STREET, 15TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10005 BUSINESS PHONE: 212 321 5000 MAIL ADDRESS: STREET 1: 14 WALL STREET, 15TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10005 FORMER COMPANY: FORMER CONFORMED NAME: THESTREET COM DATE OF NAME CHANGE: 19990218 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: CRAMER JAMES J CENTRAL INDEX KEY: 0001014001 FILING VALUES: FORM TYPE: SC 13D/A MAIL ADDRESS: STREET 1: THESTREET.COM STREET 2: 14 WALL ST CITY: NEW YORK STATE: NY ZIP: 10005 SC 13D/A 1 e65132687sc13da.htm SCHEDULE 13D/A e65132687sc13da.htm
 
 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
SCHEDULE 13D
 
Under the Securities Exchange Act of 1934
(Amendment No. 5)
 
TheStreet, Inc.
(Name of Issuer)
 
Common Stock, par value $0.01 per share
(Title of Class of Securities)
 
88368Q103
(CUSIP Number)
 
January 5, 2015
(Date of Event Which Requires Filing of this Statement)
 
 
James J. Cramer
c/o TheStreet, Inc.
14 Wall Street, 15th Floor
New York, NY 10005
 
 
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

 
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box o .

 
 

 

 
SCHEDULE 13D
CUSIP No. 88368Q103
 
Page 2 of 6

1
NAME OF REPORTING PERSONS
James J. Cramer
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
(Intentionally Omitted)
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                             (a) o
                                                             (b) o
3
SEC USE ONLY
 
4
SOURCE OF FUNDS
OO
 
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
                                                                   o
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
United States
 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
7
SOLE VOTING POWER
1,610,566
 
8
SHARED VOTING POWER
556,850
 
9
SOLE DISPOSITIVE POWER
1,610,566
 
10
SHARED DISPOSITIVE POWER
556,850
 
11
   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   2,167,416
 
12
   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
                                                                  o
                                                   
13
   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
   6.3%
 
14
   TYPE OF REPORTING PERSON*
   IN
 

 
 

 

 
SCHEDULE 13D
CUSIP No. 88368Q103
 
Page 3 of 6

1
NAME OF REPORTING PERSONS
Cramer Partners, LLC
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
(Intentionally Omitted)
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                             (a) o
                                                             (b) o
3
SEC USE ONLY
 
4
SOURCE OF FUNDS
N/A
 
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
                                                               o
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware, United States
 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
7
SOLE VOTING POWER
556,850
 
8
SHARED VOTING POWER
0
 
9
SOLE DISPOSITIVE POWER
556,850
 
10
SHARED DISPOSITIVE POWER
0
 
11
   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   556,850
 
12
   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
                                                               o
 
13
   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
   1.6%
 
14
   TYPE OF REPORTING PERSON*
   OO
 



 
 

 

 
SCHEDULE 13D
CUSIP No. 88368Q103
 
Page 4 of 6

 
Introduction
 
This Amendment No. 5 relates to the Schedule 13D filed on behalf of the Reporting Persons with the Securities and Exchange Commission on January 10, 2000 (as amended to date, the “Schedule 13D”).  Except as specifically provided herein, this Amendment No. 5 does not modify any of the information previously reported in the Schedule 13D.
 
Item 4.
Purpose of the Transaction
 
Item 4 is hereby amended by adding the following at the end of Item 4:
 
Mr. Cramer adopted a prearranged trading plan (the “Plan”) with Fidelity Brokerage Services LLC to sell Common Stock of the Issuer in accordance with Rule 10b5-1 (“Rule 10b5-1”) under the Securities Exchange Act of 1934, as amended.  The Plan specifies that the sales be market orders in specified time frames without price limits. Although Mr. Cramer retains no control over the stock sales under the Plan, he retains the right to amend or terminate the Plan in accordance with Rule 10b5-1.
 
Item 5.
Interest in Securities of the Issuer
 
Item 5 is hereby amended and restated in its entirety to read as follows:
 
The percentages used herein are calculated based upon the 34,454,255 shares of Common Stock issued and outstanding as of November 4, 2014, as reported on the Issuer’s Report on Form 10-Q for the period ended September 30, 2014, as filed on November 7, 2014 with the Securities and Exchange Commission.
 
 
(a)
Pursuant to Rule 13d-3 of the Exchange Act, Mr. Cramer is the beneficial owner of 2,167,416 shares of Common Stock (representing approximately 6.3% of the outstanding Common Stock).  Of these shares, Mr. Cramer is the record owner of 1,610,566 shares (representing approximately 4.7% of the outstanding Common Stock) and Partners is the record owner of 556,850 shares (representing approximately 1.6% of the outstanding Common Stock). The 1,610,566 shares owned of record by Mr. Cramer (i) include 165,053 shares resulting from the vesting on December 31, 2014 of 340,807 restricted stock units (“RSUs”) net of 175,754 shares withheld for tax purposes and (ii) exclude the 99,030 shares sold in open market transactions as described in clause (c) below.
 
 
(b)
Mr. Cramer has the sole power to vote or to direct the vote, and to dispose or to direct the disposition of, the shares of Common Stock of which he is the record owner.
 
Partners has the sole power to vote or to direct the vote, and to dispose or to direct the disposition of, the shares of Common Stock of which it is the record owner.
 
Mr. Cramer shares the power to vote or direct the vote of, and to dispose or direct the disposition of, shares of Common Stock beneficially owned by Partners by virtue of being the sole manager of Partners.

 
 

 

 
SCHEDULE 13D
CUSIP No. 88368Q103
 
Page 5 of 6

 
 
(c)
No transactions have been effected by the Reporting Persons in the 60 days preceding January 5, 2015 other than the sales on behalf of Mr. Cramer in accordance with Rule 10b5-1 and the Plan of 33,010 shares of Common Stock on each of December 31, 2014, January 2, 2015 and January 5, 2015 at prices per share ranging from $2.29 to $2.45.
 
 
(d)
Each of the Reporting Persons affirms that no person other than the Reporting Persons has the rights to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Common Stock owned by such Reporting Person.
 
 
(e)
Not applicable.

This Amendment No. 5 does not include a remaining balance of 750,000 RSUs (from the original grant of 1,000,000 RSUs) granted to Mr. Cramer on December 2, 2013 and a remaining balance of 272,422 RSUs (from the original grant of 363,229 RSUs) granted to Mr. Cramer on January 2, 2014, all of which remaining RSUs vest ratably on December 31, 2015, 2016 and 2017.
 
 
Item 7.
Material to be Filed as Exhibits

Exhibit 1 – Power of Attorney dated as of September 28, 2013.

 

 
 

 

 
SCHEDULE 13D
CUSIP No. 88368Q103
 
Page 6 of 6

 
SIGNATURES

After reasonable inquiry and to the best of our knowledge and belief, we certify that the information set forth in this statement is true, complete and correct.

Dated:  January 5, 2015
   
 
 
*
 
James J. Cramer
   
 
CRAMER PARTNERS, LLC
   
 
By:
                              *
 
           Name:  James J. Cramer
 
           Title: Manager
 
 
   
 
*By:
 /s/ Vanessa Soman
 
               Vanessa Soman
 
               Attorney-in-Fact
   
 
 
 
 

 
 

 


 
Limited Power of Attorney
 
 
I, James J. Cramer hereby appoint Vanessa Soman my true and lawful Attorney-in-Fact for the limited purpose of executing and filing on my behalf all Forms 3, 4 and 5 (and any amendments thereto) with the U.S. Securities and Exchange Commission (“SEC”) with respect to securities of TheStreet, Inc. and performing any and all other acts which, in the discretion of such Attorney-in-Fact, are necessary or desirable in connection therewith.  The authority of Vanessa Soman under this limited power of attorney shall continue until I am no longer required to make any filings with the SEC with respect to the aforesaid securities, unless earlier revoked in writing.  I acknowledge that Vanessa Soman is not assurnin any of my responsibirties to comply with Section 16 of the Securities Exchange Act of 1934.

 
Date:  September 28, 2013                                                                      /s/ James J. Cramer                                                               
                  James J. Cramer