SEC Form 4 · accession 0001289134-17-000058
THESTREET, INC. · TST
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kevin Rendino
Director · 10% Owner
Period of report
Nov 29, 2017
Accepted (ET)
Nov 30, 2017 · 10:48 am 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 Stock, par value $0.01 per share | Nov 29, 2017 | P | 50,000 | $1.38 | A | 64,745 | D | |
| Common Stock, par value $0.01 per shareF1,F2 | holding | — | — | — | 8,136,363 | I | See footnote. |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F13,636,363 of these shares of Common Stock were purchased by 180 Degree Capital Corp. ("180") and 3,500,000 of these shares were purchased by TheStreet SPV Series-a series of 180 Degree Capital Management, LLC ("TST SPV") on November 10, 2017, in a private placement pursuant to a Securities Purchase Agreement between 180, TST SPV and TheStreet, Inc. ("TST"). The remaining 1,000,000 shares of Common Stock were purchased by 180 in open market transactions through April to June 2017, prior to Mr. Rendino becoming a Reporting Person.
- F24,636,363 of these shares of Common Stock are owned by 180. 3,500,000 of these shares of Common Stock are owned by TST SPV. 180 is the Managing Member and Investment Manager of TST SPV. Mr. Rendino is Chief Executive Officer and Portfolio Manager of 180 Degree Capital Corp. and has shared voting and dispositive control over the shares of TST owned by 180 and TST SPV. Mr. Rendino disclaims beneficial ownership of these shares.