UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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SCHEDULE 13D
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Under the Securities Exchange Act of 1934
(Amendment No. 3)
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TheStreet.com, Inc.
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(Name of Issuer)
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Common Stock, par value $0.01 per share
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(Title of Class of Securities)
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88368Q103
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(CUSIP Number)
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October 8, 2010
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(Date of Event Which Requires Filing of this Statement)
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James J. Cramer
c/o TheStreet.com, Inc.
14 Wall Street, 15th Floor
New York, NY 10005
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with a copy to:
Hughes Hubbard & Reed LLP
One Battery Park Plaza
New York, NY 10004
Telephone: (212) 837-6000
Attn: Gary J. Simon
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(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
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CUSIP No. 88368Q103
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Page 2 of 7
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1
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NAME OF REPORTING PERSONS
James J. Cramer
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
(Intentionally Omitted)
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
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(a) o
(b) o
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3
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SEC USE ONLY
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|||
4
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SOURCE OF FUNDS
OO
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5
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
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o
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6
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CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
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7
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SOLE VOTING POWER
1,716,107
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8
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SHARED VOTING POWER
556,850
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9
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SOLE DISPOSITIVE POWER
1,716,107
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10
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SHARED DISPOSITIVE POWER
556,850
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11
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,272,957
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12
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
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o
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13
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.2%
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14
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TYPE OF REPORTING PERSON*
IN
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CUSIP No. 88368Q103
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Page 3 of 7
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1
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NAME OF REPORTING PERSONS
Cramer Partners, LLC
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
(Intentionally Omitted)
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|||
2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
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(a) o
(b) o |
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3
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SEC USE ONLY
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|||
4
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SOURCE OF FUNDS
N/A
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5
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
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o
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6
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CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware, United States
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NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
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7
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SOLE VOTING POWER
556,850
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8
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SHARED VOTING POWER
0
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|||
9
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SOLE DISPOSITIVE POWER
556,850
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|||
10
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SHARED DISPOSITIVE POWER
0
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|||
11
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
556,850
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|||
12
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
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o
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13
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.8%
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14
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TYPE OF REPORTING PERSON*
OO
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CUSIP No. 88368Q103
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Page 4 of 7
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Item 1.
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Security and Issuer
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(a)
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Name of Issuer:
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(b)
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Address of Issuer's Principal Executive Offices:
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(c)
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Class of Security
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Item 2.
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Identity and Background
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(a)
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Name of Person Filing:
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(b)
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Address of Principal Business Office or, if none, Residence:
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(c)
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Principal Occupation, Employment or Business:
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(d)
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Convictions or Civil Proceedings:
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CUSIP No. 88368Q103
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Page 5 of 7
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(e)
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Citizenship:
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Item 3.
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Source and Amount of Funds or Other Consideration.
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Item 4.
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Purpose of the Transaction
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Item 5.
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Interest in Securities of the Issuer
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(a)
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Pursuant to Rule 13d-3 of the Exchange Act, Mr. Cramer is the beneficial owner of 2,272,957 shares of Common Stock (representing approximately 7.2% of the outstanding Common Stock) of which he and Partners are the record owners as described below. Of these 2,272,957 shares, 1,716,107 shares (representing approximately 5.4% of the outstanding Common Stock) are owned of record by Mr. Cramer and 556,850 shares (representing approximately 1.8% of the outstanding Common Stock) are owned of record by Partners.
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(b)
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Mr. Cramer has the sole power to vote or to direct the vote, and to dispose or to direct the disposition of, the shares of Common Stock of which he is the record owner.
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Partners has the sole power to vote or to direct the vote, and to dispose or to direct the disposition of, the shares of Common Stock of which it is the record owner.
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Mr. Cramer shares the power to vote or direct the vote of, and to dispose or direct the disposition of, shares of Common Stock beneficially owned by Partners by virtue of being the sole manager of Partners.
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CUSIP No. 88368Q103
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Page 6 of 7
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(c)
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On September 10, 2010, Mr. Cramer and Partners transferred an aggregate of 1,824,225 shares of Common Stock to Karen Cramer, Mr. Cramer’s former wife, pursuant to a divorce decree. On October 8, 2010, Karen Cramer returned 278,425 shares of Common Stock to Mr. Cramer and Partners.
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(d)
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Each of the Reporting Persons affirms that no person other than the Reporting Persons has the rights to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Common Stock owned by such Reporting Person.
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(e)
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Not applicable.
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Item 6.
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Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer
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CUSIP No. 88368Q103
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Page 7 of 7
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/s/ James J. Cramer | ||
James J. Cramer
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CRAMER PARTNERS, LLC
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By:
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/s/ James J. Cramer | |
Name: James J. Cramer | |||
Title: Manager | |||