UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 5)*
THESTREET.COM, INC.
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(Name of Issuer)
Common Stock, $.01 par value per share
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(Title of Class of Securities)
88368Q103
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(CUSIP Number)
December 31, 2004
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ ] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[x] Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
CUSIP No. 88368Q103
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1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
Martin H. Peretz....................................................
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2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) .....................................................................
(b) [x]..................................................................
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3. SEC Use Only .............................................................
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4. Citizenship or Place of Organization: United States.......................
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Number of 5. Sole Voting Power 2,924,986..........................
Shares ----------------------------------------------------------------
Beneficially 6. Shared Voting Power 483,138............................
Owned by ----------------------------------------------------------------
Each 7. Sole Dispositive Power 2,924,986..........................
Reporting ----------------------------------------------------------------
Person With: 8. Shared Dispositive Power 483,138............................
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9. Aggregate Amount Beneficially Owned by Each Reporting Person 3,408,124...
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions) N/A..................................................
11. Percent of Class Represented by Amount in Row (9) 13.8%..................
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12. Type of Reporting Person (See Instructions)
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IN........................................................................
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ITEM 1.
(a) Name of Issuer: TheStreet.com, Inc
(b) Address of Issuer's Principal Executive Offices: 14 Wall Street, 15th
Floor, New York, New York 10005
ITEM 2.
(a) Name of Person Filing: Martin H. Peretz
(b) Address of Principal Business Office or, if none, Residence: c/o The
Clark Estates, Inc., 1 Rockefeller Plaza, New York, New York 10020
(c) Citizenship: United States
(d) Title of Class of Securities: Common Stock, $.01 par value per share
(e) CUSIP Number: 88368Q103
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO SECTIONS 240.13D-1(B) OR
240.13D-2(B) OR (C), CHECK WHETHER THE PERSON FILING IS A:
(a) [ ] Broker or Dealer registered under Section 15 of the Act
(15 U.S.C. 78o).
(b) [ ] Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c).
(c) [ ] Insurance Company as defined in Section 3(a)(19) of the Act
(15 U.S.C. 78c).
(d) [ ] Investment Company registered under Section 8 of the Investment
Company Act of 1940 (15 U.S.C. 80a-8).
(e) [ ] An investment adviser in accordance with
sec. 240.13d-1(b)(1)(ii)(E);
(f) [ ] An employee benefit plan or endowment fund in accordance with
sec. 240.13d-1(b)(1)(ii)(F);
(g) [ ] A parent holding company or control person in accordance with
sec. 240.13d-1(b)(1)(ii)(G);
(h) [ ] A savings associations as defined in Section 3(b) of the
Federal Deposit Insurance Act (12 U.S.C. 1813);
(i) [ ] A church plan that is excluded from the definition of an
investment company under Section 3(c)(14) of the Investment
Company Act of 1940 (15 U.S.C. 80a-3);
(j) [ ] Group, in accordance with sec. 240.13d-1(b)(1)(ii)(J).
ITEM 4. OWNERSHIP
Provide the following information regarding the aggregate number and
percentage of the class of securities of the issuer identified in Item 1.
(a) Amount beneficially owned (as of December 31,2004): 3,408,124
(b) Percent of class: 13.8%
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The filing of this Schedule 13G shall not be construed as an admission that
Dr. Peretz is, for the purposes of Section 13(d) or 13(g) of the Securities
Exchange Act of 1934, as amended, the beneficial owner of the shares of common
stock of the Issuer ("Shares") described in this Schedule 13G.
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote 2,924,986
(ii) Shared power to vote or to direct the vote 483,138
(iii) Sole power to dispose or to direct the disposition of
2,924,986
(iv) Shared power to dispose or to direct the disposition of
483,138
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of more than
five percent of the class of securities, check the following [ ].
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.
N/A
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE
SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY
N/A
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP
N/A
ITEM 9. NOTICE OF DISSOLUTION OF GROUP
N/A
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Dr. Peretz has sole voting and dispositive power with respect to: a) 167,474
Shares held directly by Dr. Peretz, b) 2,430,508 Shares held directly by Peretz
Partners L.L.C., by virtue of his position as manager of Peretz Partners L.L.C.,
c) 254,504 Shares held directly by Peretz Family Investments, L.P. ("PFI"), by
virtue of his position as a General Partner of PFI and (d) 72,500 Shares
underlying stock options currently exercisable by Dr. Peretz under
TheStreet.com's 1998 Stock Incentive Plan. Dr. Peretz hereby expressly disclaims
beneficial ownership of Shares held by Peretz Partners L.L.C. and PFI and the
filing of this Schedule 13G shall not be construed as an admission that Dr.
Peretz is, for the purposes of Section 13(d) or 13(g) of the Securities Exchange
Act of 1934, as amended, the beneficial owner of such Shares.
Dr. Peretz has shared voting and dispositive power with respect to: a) 310,257
Shares held by the family of Dr. Peretz including his wife and children; b)
18,174 Shares held by Trust B of which Dr. Peretz is a co-trustee; c) 73,618
Shares held by the Trust for Martin H. Peretz, for which Dr. Peretz is the
beneficiary; d) 79,089 Shares held by the Trust for Anne L. Peretz and e) 1,000
Shares held by each of the Jesse Peretz Trust A and the Evgenia Peretz Trust A,
for each of which Dr. Peretz is a co-trustee. The filing of this Schedule 13G
shall not be construed as an admission that Dr. Peretz is, for the purposes of
Section 13(d) or 13(g) of the Securities Exchange Act of 1934, as amended, the
beneficial owner of the Shares described in a) - e) of this note.
ITEM 10. CERTIFICATION
N/A
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
February 11, 2005
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Date
/S/ MARTIN H. PERETZ
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Signature
Martin H. Peretz
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Name/Title