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/Day/Year ----- title below) ----- below) C/O THE CLARK ESTATES, INC. of Reporting Person, 1 ROCKEFELLER PLAZA if an entity 01/01/03 --------------------------- (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- 2A. 3.Trans- 4.Securities Acquired 5.Amount of 6.Ownership 7. Nature of (Instr. 3) action Deemed action (A)or Disposed of Securities Form: Indirect Date Execution Code (D)(Instr.3,4 and 5) Beneficially Direct (D) Beneficial Date, if (Instr. 8) Owned at or Indirect Ownership any End of Month (I) -------------------------------- (A) (Month/ (Month/ or (Instr. 3 Day/Year) Day/Year) Code V Amount (D) Price and 4) (Instr. 4) (Inst. 4) -------------------------- --------- --------- ------- --- --------- ----- ------ ------------- ------------ ----------------------- -------------------------- --------- --------- ------- --- --------- ----- ------ ------------- ------------ ----------------------- By family Common Stock 254,504 I limited partnership -------------------------- --------- --------- ------- --- --------- ----- ------ ------------- ------------ ----------------------- By trust Common Stock 73,618 I for Reporting Person -------------------------- --------- --------- ------- --- --------- ----- ------ ------------- ------------ ----------------------- Common Stock 79,089 I By trust for spouse -------------------------- --------- --------- ------- --- --------- ----- ------ ------------- ------------ ----------------------- Common Stock 4,000 I By trust for child -------------------------- --------- --------- ------- --- --------- ----- ------ ------------- ------------ ----------------------- Common Stock 18,174 I By trust for grandchildren -------------------------- --------- --------- ------- --- --------- ----- ------ ------------- ------------ ----------------------- Common Stock 18,174 I By trust for grandchildren -------------------------- --------- --------- ------- --- --------- ----- ------ ------------- ------------ ----------------------- Common Stock 2,430,508 I By Peretz Partners L.L.C. -------------------------- --------- --------- ------- --- --------- ----- ------ ------------- ------------ ----------------------- -------------------------- --------- --------- ------- --- --------- ----- ------ ------------- ------------ ----------------------- Common Stock 152,474 D -------------------------- --------- --------- ------- --- --------- ----- ------ ------------- ------------ ----------------------- Common Stock 1,000 I By trust for child -------------------------- --------- --------- ------- --- --------- ----- ------ ------------- ------------ ----------------------- Common Stock 1,000 I By trust for child -------------------------- --------- --------- ------- --- --------- ----- ------ ------------- ------------ ----------------------- Common Stock 1,000 I By trust for child -------------------------- --------- --------- ------- --- --------- ----- ------ ------------- ------------ ----------------------- Common Stock 113,073 I By spouse -------------------------- --------- --------- ------- --- --------- ----- ------ ------------- ------------ ----------------------- -------------------------- --------- --------- ------- --- --------- ----- ------ ------------- ------------ ----------------------- -------------------------- --------- --------- ------- --- --------- ----- ------ ------------- ------------ ----------------------- POTENTIAL PERSONS WHO RESPOND TO THE COLLECTION OF INFORMATION CONTAINED IN THIS FORM ARE NOT Reminder: Report on a separate line for each class of securities beneficially REQUIRED TO RESPOND UNLESS THE FORM DISPLAYS owned directly or indirectly. A CURRENTLY VALID OMB CONTROL NUMBER. * If the form is filed by more than one reporting person, SEE Instruction 4(b)(v). (Over) SEC 1474 (9/02) FORM 4 (CONTINUED) TABLE II - DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED (E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES) ------------------------------------------------------------------------------------------------------------------------------------ 1.Title of 2.Conver- 3.Trans- 3A. 4.Transac- 5.Number of 6.Date 7.Title and 8.Price 9.Number 10.Owner- 11.Nature Derivative sion action Deemed tion Deriv- Exercisable Amount of of of ship of Security or Date Execution Code ative and Under- Deriv- Deriv- Form of Indirect (Instr. 3) Exercise Date, if (Instr. Securities Expiration lying ative ative Deriv- Benefi- Price any 8) Acquired (A) Date Secur- Secur- Secur- ative cial of or Disposed (Month/Day/ ities ity ities Secur- Owner- Deriv- (Month/ (Month/ of (D) Year) (Instr. (Instr. Bene- ity: ship ative Day/ Day/ (Instr. 3, 3 and 4) 5) ficially Direct (Instr. Security Year) Year) 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) -------- --------- --------- -------- ------ ----- ------ ----- ------- ------- ------ ------ ------ -------- --------- -------- Director $2.93 01/01/03 A 25,000 1/1/04 1/1/08 Common 25,000 62,500 D Stock Stock Option (right to buy) -------- --------- --------- -------- ------ ----- ------ ----- ------- ------- ------ ------ ------ -------- --------- -------- -------- --------- --------- -------- ------ ----- ------ ----- ------- ------- ------ ------ ------ -------- --------- -------- -------- --------- --------- -------- ------ ----- ------ ----- ------- ------- ------ ------ ------ -------- --------- -------- -------- --------- --------- -------- ------ ----- ------ ----- ------- ------- ------ ------ ------ -------- --------- -------- -------- --------- --------- -------- ------ ----- ------ ----- ------- ------- ------ ------ ------ -------- --------- -------- -------- --------- --------- -------- ------ ----- ------ ----- ------- ------- ------ ------ ------ -------- --------- -------- -------- --------- --------- -------- ------ ----- ------ ----- ------- ------- ------ ------ ------ -------- --------- -------- -------- --------- --------- -------- ------ ----- ------ ----- ------- ------- ------ ------ ------ -------- --------- -------- -------- --------- --------- -------- ------ ----- ------ ----- ------- ------- ------ ------ ------ -------- --------- -------- Explanation of Responses: /s/ RICHARD C. VANISON 01/03/03 ------------------------------- ------------ ** 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. Potential person who are to respond to the collection of Information contained in this form are not required to respond unless the form diplays a currently valid OMB control number.