SEC Form 4 · accession 0001140361-16-060360
THESTREET, INC. · TST
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Eric F Lundberg
Officer — Chief Financial Officer
Period of report
Apr 1, 2016
Accepted (ET)
Apr 5, 2016 · 9:11 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 Options (right to buy)F1 | $1.36 | Apr 1, 2016 | D | 650,000 | D | — | Jan 19, 2021 | Common Stock, par value $0.01 per share | 650,000 | 0 | D |
| Stock Options (right to buy)F1 | $1.36 | Apr 1, 2016 | A | 650,000 | A | — | Apr 1, 2023 | Common Stock, par value $0.01 per share | 650,000 | 650,000 | D |
Explanation of responses
- F1The two reported transactions involved an amendment of an outstanding option, resulting in the deemed cancellation of the "old" option and the grant of a replacement option. The option was originally granted on 1/19/2016 and as amended provides that 1/3 of the shares underlying the option will vest on 4/1/2017, with the remainder vesting in approximately equal monthly installments over the succeeding 24 months, subject to acceleration or forfeiture under various circumstances.