SCHEDULE
13D
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
1,546,199
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8
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SHARED
VOTING POWER
448,333
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9
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SOLE
DISPOSITIVE POWER
1,546,199
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10
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SHARED
DISPOSITIVE POWER
448,333
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11
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AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,994,532
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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)
6.3%
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14
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TYPE
OF REPORTING PERSON*
IN
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SCHEDULE
13D
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
448,333
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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
448,333
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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
448,333
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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)
1.4%
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14
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TYPE
OF REPORTING PERSON*
OO
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SCHEDULE
13D
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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Item 1 is
hereby amended and restated in its entirety to read as
follows:
TheStreet.com,
Inc.
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(b)
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Address
of Issuer's Principal Executive
Offices:
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14 Wall
Street, 15th Floor
New York,
NY 10004
Common
Stock, par value $0.01 per share
Item
2.
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Identity
and Background
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Item 2 is
hereby amended and restated in its entirety as follows:
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(a)
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Name
of Person Filing:
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This
statement is being filed by (i) James J. Cramer (“Mr. Cramer”) with respect to
the shares of common stock, par value $0.01 per share (“Common Stock”), of the
Issuer beneficially owned by him and (ii) Cramer Partners, LLC (“Partners”) with
respect to the shares of Common Stock beneficially owned by it (all such
beneficially-owned shares of Common Stock, the “Shares”).
Mr.
Cramer disclaims beneficial ownership of the securities beneficially owned by
Partners.
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(b)
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Address
of Principal Business Office or, if none,
Residence:
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The
principal business address of each of Mr. Cramer and Partners is:
c/o
TheStreet.com, Inc.
14 Wall
Street, 15th Floor
New York,
NY 10004
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(c)
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Principal
Occupation, Employment or Business:
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Mr.
Cramer is the Chairman of the Board of Directors of the Issuer, an employee of
the Issuer and a manager of Partners.
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(d)
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Convictions
or Civil Proceedings:
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During
the past five years, none of the Reporting Persons and, to the knowledge of the
Reporting Persons, none of the executive officers or managers of the Reporting
Persons, if applicable, has been convicted in a criminal proceeding (excluding
traffic violations or similar misdemeanors), or has been a party to a civil
proceeding of a judicial or
SCHEDULE
13D
CUSIP No.
88368Q103
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Page
5 of 7
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administrative
body of competent jurisdiction and as a result of such proceeding was or is
subject to a judgment, decree or final order enjoining future violations of, or
prohibiting or mandating activities subject to, federal or state securities laws
or finding any violation with respect to such laws.
Mr.
Cramer is a citizen of the United States. Partners is a Delaware limited
liability company.
Item
3.
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Source
and Amount of Funds or Other
Consideration.
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Item 3 is
hereby amended and supplemented as follows:
Since the
first amendment to the Schedule 13D, Mr. Cramer has acquired shares of Common
Stock, from time to time, upon exercise of options, the vesting of restricted
stock units awarded to him by the Issuer, and in other
transactions.
Item
4.
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Purpose
of the Transaction
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Item 4 is
hereby amended and restated in its entirety to read as follows:
Mr.
Cramer is an employee of the Issuer and has an employment agreement, dated
January 1, 2008, as amended, with the Issuer. Mr. Cramer is a co-founder of the
Issuer, having owned in excess of 5% of the outstanding shares of Common Stock
since prior to the Issuer’s initial public offering, and has served as a
director of the Issuer since May 1998 and Chairman of the Board since October
2008. The Reporting Persons may, from time to time, and at any time,
acquire additional shares of Common Stock in the open market, be awarded shares
of Common Stock or securities convertible into shares of Common Stock by the
Issuer or otherwise and reserve the right to dispose of any or all of such
shares of Common Stock in the open market or otherwise, at any time and from
time to time, and to engage in any hedging or similar transactions with respect
to the shares of Common Stock.
Except as
described above, the Reporting Persons have no present plans or proposals that
relate to or that would result in any of the actions specified in Item 4 of
Schedule 13D of the Exchange Act, but the Reporting Persons reserve the right to
propose, undertake or participate in any such actions in the
future.
Item
5.
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Interest
in Securities of the Issuer
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The
percentages used herein are calculated based upon the 31,660,100 shares of
Common Stock issued and outstanding as of August 4, 2010, as reported on
the Issuer’s Report on Form 10-Q for the period ended June 30, 2010, as filed on
August 6, 2010 with the Securities and Exchange Commission.
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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
the 1,994,532 shares of Common Stock (representing approximately 6.3% of
the outstanding Common Stock) of which he and Partners are the record
owners as described below. Of these 1,994,532 shares, 1,546,199
shares (representing approximately 4.9% of the outstanding Common Stock)
are owned of record by Mr. Cramer and 448,333 shares (representing
approximately 1.4% of the outstanding Common Stock) are owned of record by
Partners.
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SCHEDULE
13D
CUSIP No.
88368Q103
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Page
6 of 7
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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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(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.
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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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Item
6.
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Contracts,
Arrangements, Understandings or Relationships with Respect to Securities
of the Issuer
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Other
than in connection with his employment with the Issuer, there are no contracts,
arrangements, understandings or relationships (legal or otherwise) among the
persons named in Item 2 and between such persons and any person with respect to
the Shares, including but not limited to transfer or voting of the Shares,
finder’s fees, joint ventures, loan or option arrangements, puts or calls,
guarantees of profits, division of profits or loss, or the giving or withholding
of proxies.
SCHEDULE
13D
CUSIP No.
88368Q103
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Page
7 of 7
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SIGNATURES
After
reasonable inquiry and to the best of our knowledge and belief, we certify that
the information set forth in this statement is true, complete and
correct.
Dated: September
16, 2010
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/s/
James
J. Cramer
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James
J. Cramer
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CRAMER
PARTNERS, LLC
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By:
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/s/ James
J. Cramer
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Name: James
J. Cramer
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Title:
Manager
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