SEC Form 4 · accession 0000899243-17-026205
THESTREET, INC. · TST
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
Jay C Hoag
10% Owner
Jon Q Reynolds Jr.
10% Owner
John Drew
10% Owner
Rick Kimball
10% Owner
Robert Trudeau
10% Owner
Vi L P Tcv
10% Owner
TCV Member Fund, L.P.
10% Owner
TCV VI Management, L.L.C.
10% Owner
Period of report
Nov 10, 2017
Accepted (ET)
Nov 14, 2017 · 4:48 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001080056
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2,F3 | Nov 10, 2017 | J | 5,951,946 | — | A | 5,951,946 | I | By TCV VI, L.P. |
| Common StockF1,F2,F3 | Nov 10, 2017 | J | 48,054 | — | A | 48,054 | I | By TCV Member Fund, L.P. |
| Common StockF2,F3 | holding | — | — | — | 152,377 | I | By TCV VI Management, L.L.C. |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Series B Preferred StockF1,F2,F3,F4 | — | Nov 10, 2017 | J | 5,456 | D | — | — | Common Stock | 3,826,051 | 0 | I |
| Series B Preferred StockF1,F2,F3,F4 | — | Nov 10, 2017 | J | 44 | D | — | — | Common Stock | 30,891 | 0 | I |
Explanation of responses
- F1Pursuant to an exchange agreement by and among the Issuer and the TCV VI Funds (as defined below), each share of Series B convertible preferred stock was exchanged for 1,090.9 shares of Common Stock and approximately $3,636.36 in cash.
- F2Technology Crossover Management VI, L.L.C. ("Management VI"), as the general partner of TCV VI, L.P. ("TCV VI") and a general partner of the TCV Member Fund, L.P. ("Member Fund" and, together with TCV VI, the "TCV VI Funds"), may be deemed to share beneficial ownership of the shares held by the TCV VI Funds. Management VI disclaims any such beneficial ownership, except to the extent of its pecuniary interest therein. Jay C. Hoag, Richard H. Kimball, John L. Drew, Jon Q. Reynolds, Jr., and Robert W. Trudeau (collectively, the "Management VI Members") are Class A Members of Management VI and limited partners of Member Fund and, in such capacity, each may be deemed to share beneficial ownership of the shares of Common Stock held by the TCV VI Funds. Additionally, each of the Management VI Members are Members of TCV VI Management, L.L.C. ("TCV VI Management") and, in such capacity, each may be deemed to share beneficial ownership of the shares of Common Stock held by TCV VI Management.
- F3(Continued from footnote 2) Each of the Management VI Members disclaims any such beneficial ownership except to the extent of their respective pecuniary interest therein.
- F4Each share of Series B convertible preferred stock was convertible at any time at the option of the holder into approximately 701.3 shares of Common Stock and had no expiration date.