UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
|
SCHEDULE
13D
|
Under
the Securities Exchange Act of 1934
(Amendment
No. 2)
|
TheStreet.com,
Inc.
|
(Name
of Issuer)
|
Common
Stock, par value $0.01 per share
|
(Title
of Class of Securities)
|
88368Q103
|
(CUSIP
Number)
|
September
10, 2010
|
(Date
of Event Which Requires Filing of this Statement)
|
James
J. Cramer
c/o
TheStreet.com,
Inc.
14
Wall Street, 15th Floor
New
York, NY 10005
|
with
a copy to:
Hughes
Hubbard & Reed LLP
One
Battery Park Plaza
New
York, NY 10004
Telephone: (212)
837-6000
Attn: Gary
J. Simon
|
(Name,
Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
|
CUSIP No.
88368Q103
|
Page
2 of 7
|
1
|
NAME
OF REPORTING PERSONS
James
J. Cramer
S.S.
or I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
(Intentionally
Omitted)
|
|||
2
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
|
(a) o
(b) o
|
||
3
|
SEC
USE ONLY
|
|||
4
|
SOURCE
OF FUNDS
OO
|
|||
5
|
CHECK
BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d)
OR 2(e)
|
o
|
||
6
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
United
States
|
NUMBER
OF
SHARES
BENEFICIALLY
OWNED
BY
EACH
REPORTING
PERSON
WITH
|
7
|
SOLE
VOTING POWER
1,546,199
|
||
8
|
SHARED
VOTING POWER
448,333
|
|||
9
|
SOLE
DISPOSITIVE POWER
1,546,199
|
|||
10
|
SHARED
DISPOSITIVE POWER
448,333
|
|||
11
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,994,532
|
|||
12
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES*
|
o
|
||
13
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.3%
|
|||
14
|
TYPE
OF REPORTING PERSON*
IN
|
CUSIP No.
88368Q103
|
Page
3 of 7
|
1
|
NAME
OF REPORTING PERSONS
Cramer
Partners, LLC
S.S.
or I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
(Intentionally
Omitted)
|
|||
2
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
|
(a) o
(b) o
|
||
3
|
SEC
USE ONLY
|
|||
4
|
SOURCE
OF FUNDS
N/A
|
|||
5
|
CHECK
BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d)
OR 2(e)
|
o
|
||
6
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
Delaware,
United States
|
NUMBER
OF
SHARES
BENEFICIALLY
OWNED
BY
EACH
REPORTING
PERSON
WITH
|
7
|
SOLE
VOTING POWER
448,333
|
||
8
|
SHARED
VOTING POWER
0
|
|||
9
|
SOLE
DISPOSITIVE POWER
448,333
|
|||
10
|
SHARED
DISPOSITIVE POWER
0
|
|||
11
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
448,333
|
|||
12
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES*
|
o
|
||
13
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.4%
|
|||
14
|
TYPE
OF REPORTING PERSON*
OO
|
CUSIP No.
88368Q103
|
Page
4 of 7
|
Item
1.
|
Security
and Issuer
|
|
(a)
|
Name
of Issuer:
|
|
(b)
|
Address
of Issuer's Principal Executive
Offices:
|
|
(c)
|
Class
of Security
|
Item
2.
|
Identity
and Background
|
|
(a)
|
Name
of Person Filing:
|
|
(b)
|
Address
of Principal Business Office or, if none,
Residence:
|
|
(c)
|
Principal
Occupation, Employment or Business:
|
|
(d)
|
Convictions
or Civil Proceedings:
|
CUSIP No.
88368Q103
|
Page
5 of 7
|
|
(e)
|
Citizenship:
|
Item
3.
|
Source
and Amount of Funds or Other
Consideration.
|
Item
4.
|
Purpose
of the Transaction
|
Item
5.
|
Interest
in Securities of the Issuer
|
|
(a)
|
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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CUSIP No.
88368Q103
|
Page
6 of 7
|
|
(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.
|
|
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.
|
|
(c)
|
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.
|
|
(d)
|
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.
|
|
(e)
|
Not
applicable.
|
Item
6.
|
Contracts,
Arrangements, Understandings or Relationships with Respect to Securities
of the Issuer
|
CUSIP No.
88368Q103
|
Page
7 of 7
|
|
|
/s/ James J. Cramer | |
James
J. Cramer
|
CRAMER
PARTNERS, LLC
|
|||
|
By:
|
/s/ James J. Cramer | |
Name: James
J. Cramer
|
|||
Title:
Manager
|
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