FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
|
|||||||||||||||
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). |
1. Name and Address of Reporting Person*
(Street)
|
2. Issuer Name and Ticker or Trading Symbol
THESTREET, INC. [ TST ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
|
||||||||||||||||||||||||
3. Date of Earliest Transaction
(Month/Day/Year) 12/31/2014 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
|
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|
1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction 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, par value $.01 per share | 556,850 | I | Shares held by Cramer Partners, LLC | |||||||
Common Stock, par value $.01 per share | 12/31/2014 | M | 250,000(1) | A | $0 | 2,907,772 | D | |||
Common Stock, par value $.01 per share | 12/31/2014 | F | 128,925 | D | $2.38 | 2,778,847 | D | |||
Common Stock, par value $.01 per share | 12/31/2014 | M | 90,807(2) | A | $0 | 2,778,847 | D | |||
Common Stock, par value $.01 per share | 12/31/2014 | F | 46,829 | D | $2.38 | 2,732,018 | D | |||
Common Stock, par value $.01 per share | 12/31/2014 | S | 33,010(3) | D | $2.36(4) | 2,699,008 | D | |||
Common Stock, par value $.01 per share | 01/02/2015 | S | 33,010(3) | D | $2.3(5) | 2,665,998 | D | |||
Common Stock, par value $.01 per share | 01/05/2015 | S | 33,010(3) | D | $2.26(6) | 2,632,988 | D |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction 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 (Month/Day/Year) | 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: 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 | ||||||||
Restricted Stock Units | (7) | 12/31/2014 | M | 250,000 | (1) | (1) | Common Stock, par value $.01 per share | 250,000 | $0 | 750,000 | D | ||||
Restricted Stock Units | (7) | 12/31/2014 | M | 90,807 | (2) | (2) | Common Stock, par value $.01 per share | 90,807 | $0 | 272,422 | D |
Explanation of Responses: |
1. Represents 25% of an original grant of 1,000,000 RSUs on December 2, 2013, with scheduled vesting ratably on each of the next December 31, 2015, 2016 and 2017. |
2. Represents 25% of an original grant of 363,229 on January 2, 2014, with scheduled vesting ratably on each of the next December 31, 2015, 2016 and 2017. |
3. Sales effected pursuant to Rule 10b5-1 selling plan adopted by the reporting person on November 20, 2014. |
4. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.33 to $2.43, inclusive. The reporting person will provide, upon request from the SEC, information regarding the number of securities purchased at each separate price. |
5. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.28 to $2.39, inclusive. The reporting person will provide, upon request from the SEC, information regarding the number of securities purchased at each separate price. |
6. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.24 to $2.30, inclusive. The reporting person will provide, upon request from the SEC, information regarding the number of securities purchased at each separate price. |
7. Each restricted stock unit represents a contingent right to receive one share of Common Stock. |
Remarks: |
/s/ James J. Cramer | 01/05/2015 | |
** 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 Number. |