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CUSIP No. 88368Q103 | | 13D | | Page 10 of 12 Pages |
Explanatory Note
This Amendment No. 4 to Schedule 13D (this “Amendment No. 4”) amends and supplements the Statement on Schedule 13D filed with the United States Securities and Exchange Commission on November 27, 2007, as amended to date (the “Schedule 13D”), by TCV VI, L.P. (“TCV VI”), TCV Member Fund, L.P. (“Member Fund”, and together with TCV VI, the “TCV VI Funds”), Technology Crossover Management VI, L.L.C. (“Management VI”), TCV VI Management, L.L.C. (“TCV VI Management”), Jay C. Hoag (“Mr. Hoag”), Richard H. Kimball (“Mr. Kimball”), John L. Drew (“Mr. Drew”), Jon Q. Reynolds, Jr. (“Mr. Reynolds”), and Robert W. Trudeau (“Mr. Trudeau”) (together, the “Reporting Persons”), relating to the Common Stock (the “Common Stock”) of TheStreet, Inc. (the “Issuer”). Capitalized terms used herein without definition shall have the meaning set forth in the Schedule 13D.
Item 5. | Interest in Securities of the Issuer. |
Item 5 of the Schedule 13D is hereby amended and restated in its entirety as follows:
(a) – (b)
This Amendment No. 4 is being filed on behalf of the Reporting Persons to report that, as of December 6, 2018, the Reporting Persons do not beneficially own any shares of the Issuer’s Common Stock.
(c)
On December 6, 2018, TCV VI and Member Fund disposed of 4,211,002 and 33,998 shares of Common Stock, respectively, in open-market transactions at prices ranging from $1.90 to $2.0450, with a weighted average sales price of $1.9081 per share. Also on December 6, 2018, TCV VI Management disposed of 152,377 shares of Common Stock, in open-market transactions at prices ranging from $2.00 to $2.09 per share, with a weighted average sales price of $2.0541 per share.
Except for the transactions disclosed in this Item 5(c), during the past 60 days none of the Reporting Persons has effected any transactions in the Common Stock of the Issuer.
(e) | As of December 6, 2018, the Reporting Persons ceased to be the beneficial owner of more than five percent of the Common Stock of the Issuer. |