SEC Form 4 · accession 0001140361-16-060353
THESTREET, INC. · TST
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lawrence S Kramer
Director
Period of report
Apr 1, 2016
Accepted (ET)
Apr 5, 2016 · 8:06 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001080056
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F1,F2 | $1.20 | Apr 1, 2016 | A | 500,000 | A | — | Apr 1, 2023 | Common Stock, par value $.01 per share | 500,000 | 500,000 | D |
Explanation of responses
- F1This grant was awarded in recognition of Mr. Kramer's service as Interim CEO.
- F2Vests as to 1/3 of the shares underlying the option on 4/1/2017, with the remaining 1/36 of the total original number of options vesting in approximately equal monthly installments over the succeeding 24 months, subject to acceleration or forfeiture under various circumstances.