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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
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 control number. | SEC 1474 (9-02) |
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 Underlying Securities (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 of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Stock option (right to buy) | $ 3.24 | 03/28/2011 | A | 180,000 | (5) | 03/28/2016 | Common stock, par value $.01 per share | 180,000 | $ 0 | 180,000 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
OTTE DARYL C/O THESTREET.COM, INC. 14 WALL STREET, 15TH FLOOR NEW YORK, NY 10005 |
X | Chief Executive Officer |
/s/Daryl Otte | 04/04/2011 | |
**Signature of Reporting Person | Date |
* | 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). |
(1) | Reflecting a working capital adjustment in connection with the merger agreement referenced on Reporting Person's Form 4 dated December 17, 2009. Of the 2,857 shares, 443 of them are currently being held in escrow and may be disbursed to the Reporting Person upon the two year anniversay of the transaction, subject to post closing adjustments. |
(2) | Reflecting a working capital adjustment in connection with the merger agreement referenced on Reporting Person's Form 4 dated December 17, 2009. Of the 778,785 shares, 1,542 of them are currently being held in escrow and may be disbursed to the Reporting Person upon the two year anniversay of the transaction, subject to post closing adjustments. |
(3) | This amount also corrects a prior overstatement of 20,690 shares. |
(4) | Award of Restricted Stock Units vesting 25% on April 1, 2012, with the balance vesting in equal monthly increments over the successive 36 months, subject to acceleration or forfeiture under certain circumstances. |
(5) | Stock options shall vest 25% on April 1, 2012, with the balance vesting in equal monthly increments over the successive 36 months, subject to acceleration or forfeiture under certain circumstances. |