UNITED STATES SECURITIES AND EXCHANGE COMMISSION FORM 4 WASHINGTON, D.C. 20549 |_| CHECK THIS BOX IF NO LONGER SUBJECT TO SECTION 16. STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP FORM 4 OR FORM 5 OBLIGATIONS MAY CONTINUE. SEE INSTRUCTION 1(B). 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(f) of the Investment Company Act of 1940 (Print or Type Responses) ------------------------------------ ------------------------------------------- --------------------------------------------------- 1. Name and Address of Reporting 2. Issuer Name and Ticker or Trading 6. Relationship of Reporting Person to Person* Symbol Issuer (Check all applicable) PERETZ MARTIN H. THESTREET.COM (TSCM) X Director X 10% Owner ------------------------------------ ----------------------------------------- ----- ----- (Last) (First) (Middle) 3. IRS or Social 4. Statement for Officer (give Other (specify Security Number Month/Year ----- title below) ----- below) C/O THE CLARK ESTATES, INC. of Reporting Person, 1 ROCKEFELLER PLAZA if an entity MAY 2002 --------------------------- (Voluntary) ------------------------------------ ----------------------- ------------------- --------------------------------------------------- (Street) 5. If Amendment, 7. Individual or Joint/Group Filing Date of Original (Check Applicable Line) NEW YORK NY 10020-2102 X Form filed by One Reporting Person ------------------------------------ --- (City) (State) (Zip) Form filed by More than One Reporting Person --- ------------------------------------------------------------------------------------------------------------------------------------ TABLE I - NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED ------------------------------------------------------------------------------------------------------------------------------------ 1. Title of Security 2.Trans- 3.Trans- 4.Securities Acquired 5.Amount of 6.Ownership 7. Nature of (Instr. 3) action action (A)or Disposed of Securities Form: Indirect Date Code (D)(Instr.3,4 and 5) Beneficially Direct (D) Beneficial (Instr. 8) Owned at or Indirect Ownership End of Month (I) -------------------------------- (A) (Month/ or (Instr. 3 Day/Year) Code V Amount (D) Price and 4) (Instr. 4) (Inst. 4) ------------------------------------ --------- ------- --- --------- ----- ------ ------------- ------------ ----------------------- ------------------------------------ --------- ------- --- --------- ----- ------ ------------- ------------ ----------------------- By family Common Stock 5/01/02 P 2,500 A $3.2894 I limited partnership ------------------------------------ --------- ------- --- --------- ----- ------ ------------- ------------ ----------------------- By family Common Stock 5/01/02 P 2,500 A $3.2496 254,504 I limited partnership ------------------------------------ --------- ------- --- --------- ----- ------ ------------- ------------ ----------------------- By trust Common Stock 73,618 for Reporting Person ------------------------------------ --------- ------- --- --------- ----- ------ ------------- ------------ ----------------------- Common Stock 79,089 By trust for spouse ------------------------------------ --------- ------- --- --------- ----- ------ ------------- ------------ ----------------------- Common Stock 4,000 By trust for child ------------------------------------ --------- ------- --- --------- ----- ------ ------------- ------------ ----------------------- Common Stock 18,174 By trust for grandchildren ------------------------------------ --------- ------- --- --------- ----- ------ ------------- ------------ ----------------------- Common Stock 18,174 By trust for grandchildren ------------------------------------ --------- ------- --- --------- ----- ------ ------------- ------------ ----------------------- Common Stock 2,430,508 By Peretz Partners L.L.C. ------------------------------------ --------- ------- --- --------- ----- ------ ------------- ------------ ----------------------- ------------------------------------ --------- ------- --- --------- ----- ------ ------------- ------------ ----------------------- Common Stock 152,474 D ------------------------------------ --------- ------- --- --------- ----- ------ ------------- ------------ ----------------------- Common Stock By trust 1,000 I for child ------------------------------------ --------- ------- --- --------- ----- ------ ------------- ------------ ----------------------- By trust Common Stock 1,000 I for child ------------------------------------ --------- ------- --- --------- ----- ------ ------------- ------------ ----------------------- By trust Common Stock 1,000 I for child ------------------------------------ --------- ------- --- --------- ----- ------ ------------- ------------ ----------------------- Common Stock 113,073 I By spouse ------------------------------------ --------- ------- --- --------- ----- ------ ------------- ------------ ----------------------- ------------------------------------ --------- ------- --- --------- ----- ------ ------------- ------------ ----------------------- POTENTIAL PERSONS WHO ARE TO RESPOND TO THE COLLECTION OF INFORMATION CONTAINED IN THIS Reminder: Report on a separate line for each class of securities beneficially FORM ARE NOT REQUIRED TO RESPOND UNLESS THE owned directly or indirectly. FORM DISPLAYS A CURRENTLY VALID OMB CONTROL * If the form is filed by more than one reporting person, SEE Instruction 4(b)(v). NUMBER. (Over) SEC 1474 (3/99) FORM 4 (CONTINUED) TABLE II - DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED (E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES) ------------------------------------------------------------------------------------------------------------------------------------ 1.Title of Derivative 2.Conver- 3.Trans- 4.Transac- 5.Number of 6.Date 7.Title and 8.Price 9.Number 10.Owner- 11.Nature Security (Instr. 3) sion action tion Deriv- Exercisable Amount of of of ship of or Date Code ative and Under- Deriv- Deriv- Form of Indirect Exercise (Month/ (Instr. Securities Expiration lying ative ative Deriv- Benefi- Price Day/ 8) Acquired (A) Date Secur- Secur- Secur- ative cial of Year) or Disposed (Month/Day/ ities ity ities Secur- Owner- Deriv- of (D) Year) (Instr. (Instr. Bene- ity: ship ative (Instr. 3, 3 and 4) 5) ficially Direct (Instr. Security 4 and 5) Owned at (D)or 4) End of Indirect Month (I) (Instr. (Instr. 4) 4) ------------------------------ Amount Date Expira- or Exer- tion Title Number cisable Date of ------------------------ Shares Code V (A) (D) -------------------- --------- -------- ------ ----- ------ ----- ------- ------- ------ ------ ------ -------- --------- -------- -------------------- --------- -------- ------ ----- ------ ----- ------- ------- ------ ------ ------ -------- --------- -------- -------------------- --------- -------- ------ ----- ------ ----- ------- ------- ------ ------ ------ -------- --------- -------- -------------------- --------- -------- ------ ----- ------ ----- ------- ------- ------ ------ ------ -------- --------- -------- -------------------- --------- -------- ------ ----- ------ ----- ------- ------- ------ ------ ------ -------- --------- -------- -------------------- --------- -------- ------ ----- ------ ----- ------- ------- ------ ------ ------ -------- --------- -------- -------------------- --------- -------- ------ ----- ------ ----- ------- ------- ------ ------ ------ -------- --------- -------- -------------------- --------- -------- ------ ----- ------ ----- ------- ------- ------ ------ ------ -------- --------- -------- -------------------- --------- -------- ------ ----- ------ ----- ------- ------- ------ ------ ------ -------- --------- -------- -------------------- --------- -------- ------ ----- ------ ----- ------- ------- ------ ------ ------ -------- --------- -------- Explanation of Responses: /s/ RICHARD C. VANISON 05/03/02 ------------------------------- ------------ ** Intentional misstatements or omissions of facts constitute Federal **Signature of Reporting Person Date Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). Note: File three copies of this Form, one of which must be manually signed. ** Signing on behalf of Martin H. Peretz If space provided is insufficient, SEE Instruction 6 for procedure. by power of attorney.