Sec Form 4 Filing - HOAG JAY C @ THESTREET, INC. - 2017-11-10

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
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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1. Name and Address of Reporting Person
HOAG JAY C
2. Issuer Name and Ticker or Trading Symbol
THESTREET, INC. [ TST]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director X __ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
C/O TECHNOLOGY CROSSOVER VENTURES, 528 RAMONA STREET
3. Date of Earliest Transaction (MM/DD/YY)
11/10/2017
(Street)
PALO ALTO, CA94301
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
_____ Form filed by One Reporting Person
__ X __ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 11/10/2017 J( 1 ) 5,951,946 A 5,951,946 I By TCV VI, L.P. ( 2 ) ( 3 )
Common Stock 11/10/2017 J( 1 ) 48,054 A 48,054 I By TCV Member Fund, L.P. ( 2 ) ( 3 )
Common Stock 152,377 I By TCV VI Management, L.L.C. ( 2 ) ( 3 )
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Series B Preferred Stock ( 4 ) 11/10/2017 J( 1 ) 5,455.95 ( 4 ) ( 4 ) Common Stock 3,826,051 ( 1 ) 0 I TCV VI, L.P. ( 2 ) ( 3 )
Series B Preferred Stock ( 4 ) 11/10/2017 J( 1 ) 44.05 ( 4 ) ( 4 ) Common Stock 30,891 ( 1 ) 0 I TCV Member Fund, L.P. ( 2 ) ( 3 )
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
HOAG JAY C
C/O TECHNOLOGY CROSSOVER VENTURES
528 RAMONA STREET
PALO ALTO, CA94301
X
KIMBALL RICK
C/O TECHNOLOGY CROSSOVER VENTURES
528 RAMONA STREET
PALO ALTO, CA94301
X
DREW JOHN
C/O TECHNOLOGY CROSSOVER VENTURES
528 RAMONA STREET
PALO ALTO, CA94301
X
REYNOLDS JON Q JR
C/O TECHNOLOGY CROSSOVER VENTURES
528 RAMONA STREET
PALO ALTO, CA94301
X
Trudeau Robert
C/O TECHNOLOGY CROSSOVER VENTURES
528 RAMONA STREET
PALO ALTO, CA94301
X
Technology Crossover Management VI, L.L.C.
C/O TECHNOLOGY CROSSOVER VENTURES
528 RAMONA STREET
PALO ALTO, CA94301
X
TCV VI L P
C/O TECHNOLOGY CROSSOVER VENTURES
528 RAMONA STREET
PALO ALTO, CA94301
X
TCV Member Fund, L.P.
C/O TECHNOLOGY CROSSOVER VENTURES
528 RAMONA STREET
PALO ALTO, CA94301
X
TCV VI Management, L.L.C.
C/O TECHNOLOGY CROSSOVER VENTURES
528 RAMONA STREET
PALO ALTO, CA94301
X
Signatures
Jay C. Hoag, By: /s/ Frederic D. Fenton, Authorized Signatory 11/14/2017
Signature of Reporting Person Date
Richard H. Kimball, By: /s/ Frederic D. Fenton, Authorized Signatory 11/14/2017
Signature of Reporting Person Date
John L. Drew, By: /s/ Frederic D. Fenton, Authorized Signatory 11/14/2017
Signature of Reporting Person Date
John Q. Reynolds, Jr., By: /s/ Frederic D. Fenton, Authorized Signatory 11/14/2017
Signature of Reporting Person Date
Robert W. Trudeau, By: /s/ Frederic D. Fenton, Authorized Signatory 11/14/2017
Signature of Reporting Person Date
Technology Crossover Management VI, L.L.C., By: /s/ Frederic D. Fenton, Authorized Signatory 11/14/2017
Signature of Reporting Person Date
TCV VI, L.P., By: /s/ Frederic D. Fenton, Authorized Signatory 11/14/2017
Signature of Reporting Person Date
TCV Member Fund, L.P., By: /s/ Frederic D. Fenton, Authorized Signatory 11/14/2017
Signature of Reporting Person Date
TCV VI Management, L.L.C., By: /s/ Frederic D. Fenton, Authorized Signatory 11/14/2017
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Pursuant to an exchange agreement by and among the Issuer and the TCV VI Funds (as defined below), each share of Series B convertible preferred stock was exchanged for 1,090.9 shares of Common Stock and approximately $3,636.36 in cash.
( 2 )Technology Crossover Management VI, L.L.C. ("Management VI"), as the general partner of TCV VI, L.P. ("TCV VI") and a general partner of the TCV Member Fund, L.P. ("Member Fund" and, together with TCV VI, the "TCV VI Funds"), may be deemed to share beneficial ownership of the shares held by the TCV VI Funds. Management VI disclaims any such beneficial ownership, except to the extent of its pecuniary interest therein. Jay C. Hoag, Richard H. Kimball, John L. Drew, Jon Q. Reynolds, Jr., and Robert W. Trudeau (collectively, the "Management VI Members") are Class A Members of Management VI and limited partners of Member Fund and, in such capacity, each may be deemed to share beneficial ownership of the shares of Common Stock held by the TCV VI Funds. Additionally, each of the Management VI Members are Members of TCV VI Management, L.L.C. ("TCV VI Management") and, in such capacity, each may be deemed to share beneficial ownership of the shares of Common Stock held by TCV VI Management.
( 3 )(Continued from footnote 2) Each of the Management VI Members disclaims any such beneficial ownership except to the extent of their respective pecuniary interest therein.
( 4 )Each share of Series B convertible preferred stock was convertible at any time at the option of the holder into approximately 701.3 shares of Common Stock and had no expiration date.

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