Filing Details

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13D

Item 1.

Security and Issuer

This statement relates to the common stock, par value $.01 per share (the Common Stock), of TheStreet, Inc., a Delaware corporation (the Issuer), having its principal executive offices at 14 Wall Street, 15th Floor, New York, NY, 10005.

The Reporting Persons filed a Schedule 13D relating to the Common Stock of the Issuer with the U.S. Securities and Exchange Commission on July 2, 2015 (the Initial Schedule 13D) which was amended by Amendment No. 1 filed July 30, 2015 (Amendment No. 1).  The Initial Schedule 13D as amended by Amendment No. 1 is referred to as the Schedule 13D.  The Schedule 13D is hereby amended by this Amendment No. 2 (this Amendment) which is being filed by the Reporting Persons to furnish additional information as set forth herein. All information set forth in the Schedule 13D, as amended hereby, is incorporated by reference.  All capitalized terms not otherwise defined shall have the meanings ascribed to such terms in the Schedule 13D.

The Reporting Persons have ceased to have beneficial ownership of more than five percent of the Common Stock.

Item 3.

Source and Amount of Funds or Other Consideration

The net investment cost (including commissions, if any) of the shares of Common Stock purchased by Spear Point Capital Fund LP is approximately $1,279,589.  The shares of Common Stock purchased by Spear Point Capital Fund LP were purchased with working capital.   All or part of the shares of Common Stock owned by Spear Point Capital Fund LP may from time to time be pledged with one or more banking institutions or brokerage firms as collateral for loans made by such bank(s) or brokerage firm(s) to Spear Point Capital Fund LP.  Such loans bear interest at a rate based upon the brokers call rate from time to time in effect. Such indebtedness may be refinanced with other banks or broker-dealers.

The net investment cost (including commissions, if any) of the shares of Common Stock purchased by Spear Point Condor LP is approximately $2,236,348.  The shares of Common Stock purchased by Spear Point Condor LP were purchased with working capital.  All or part of the shares of Common Stock owned by Spear Point Condor LP may from time to time be pledged with one or more banking institutions or brokerage firms as collateral for loans made by such bank(s) or brokerage firm(s) to Spear Point Condor LP.  Such loans bear interest at a rate based upon the brokers call rate from time to time in effect. Such indebtedness may be refinanced with other banks or broker-dealers.

Item 4.

Purpose of Transaction

The Reporting Persons acquired the shares of Common Stock to which this Schedule 13D relates for investment purposes, in the Reporting Persons ordinary course of business.

As described in the Schedule 13D, the Reporting Persons previously made certain recommendations or proposals to the Issuer. To the knowledge of the Reporting Persons, no such plans or proposals were adopted by the Issuer.  No such plans or proposals are currently pending.

The Reporting Persons do not have any present plans or proposals that relate to or would result in any of the actions specified in paragraphs (a) through (j) of Item 4 of this Schedule 13D.  The Reporting Persons have discussed possible plans or proposals with other parties.  If the Reporting Persons formulate any such plans or proposals, they will so report to the extent required.

Item 5.

Interest in Securities of the Issuer

(a) and (b)

As of the date hereof, the Spear Point Group beneficially owns an aggregate of 1,740,384 shares of Common Stock, representing 4.99% of the outstanding shares of Common Stock.  Such percentages were determined based on a total of 34,870,290 shares of Common Stock outstanding as of November 3, 2015, as reported by the Issuer on its most recent Quarterly Report on Form 10-Q, filed November 5, 2015.

Spear Point Capital Fund LP beneficially owns, and has sole voting power and sole disposition power over, 572,582 shares of Common Stock, representing an aggregate of 1.64% of the outstanding shares of Common Stock.  Spear Point Capital Fund LP does not have any beneficial ownership of any shares of Common Stock owned by Spear Point Condor LP.

Spear Point Condor LP beneficially owns, and has sole voting power and sole disposition power over, 1,167,802 shares of Common Stock, representing an aggregate of 3.35% of the outstanding shares of Common Stock.  Spear Point Condor LP does not have any beneficial ownership of any shares of Common Stock owned by Spear Point Capital Fund LP.

Spear Point Capital Management LLC does not own any shares of Common Stock of the Issuer directly.  By virtue of the relationships described under Item 2 of this Schedule 13D, Spear Point Capital Management LLC may be deemed to have shared voting and disposition power with respect to, and therefore, indirect beneficial ownership of, the aggregate of 1,740,384 shares of Common Stock beneficially owned by Spear Point Capital Fund LP and Spear Point Condor LP, representing an aggregate of 4.99% of the outstanding shares of Common Stock.

Spear Point Capital Partners LLC does not own any shares of Common Stock of the Issuer directly.  However, as general partner of Spear Point Capital Fund LP and Spear Point Condor LP, Spear Point Capital Partners LLC has the sole voting power and sole disposition power over, and therefore, beneficial ownership of, the aggregate of 1,740,384 shares of Common Stock beneficially owned by Spear Point Capital Fund LP and Spear Point Condor LP, representing an aggregate of 4.99% of the outstanding shares of Common Stock.

By virtue of the relationships described under Item 2 of this Schedule 13D, each of Messrs. Bienvenu, Colhoun and Mysogland may be deemed to have shared voting and disposition power with respect to, and therefore, indirect beneficial ownership of, the aggregate 1,740,384 shares of Common Stock deemed to be beneficially owned by Spear Point Capital Management LLC, representing an aggregate of 4.99% of the outstanding shares of Common Stock.

By virtue of the relationships described under Item 2 of this Schedule 13D, each of Messrs. Bienvenu, Colhoun and Mysogland may be deemed to have shared voting and disposition power with respect to, and therefore, indirect beneficial ownership of, the aggregate 1,740,384 shares of Common Stock deemed to be beneficially owned by Spear Point Capital Partners LLC, representing an aggregate of 4.99% of the outstanding shares of Common Stock.

By virtue of the relationships described under Item 2 of this Schedule 13D, each of Messrs. Bienvenu, Colhoun and Mysogland may be deemed to have shared voting and disposition power with respect to, and therefore, indirect beneficial ownership of, the aggregate 572,582 shares of Common Stock beneficially owned by Spear Point Capital Fund LP, representing an aggregate of 1.64% of the outstanding shares of Common Stock.

By virtue of the relationships described under Item 2 of this Schedule 13D, each of Messrs. Bienvenu, Colhoun and Mysogland may be deemed to have shared voting and disposition power with respect to, and therefore, indirect beneficial ownership of, the aggregate 1,167,802 shares of Common Stock beneficially owned by Spear Point Condor LP, representing an aggregate of 3.35% of the outstanding shares of Common Stock.

To the best knowledge of the Reporting Persons, none of the persons or entities listed in Item 2 beneficially owns any other shares of the Issuer.  Each of the Reporting Persons disclaims beneficial ownership of shares solely as a result of Rule 13d-5(b)(1) under the Securities Exchange Act of 1934, as amended.

(c) The trading dates, number of shares of Common Stock purchased or sold and the price per share for all transactions by Spear Point Capital Fund LP and Spear Point Condor LP in the Common Stock

during the last sixty days, which were all in the open market, are set forth in Schedule I hereto and are incorporated by reference.

(d) Not applicable.

(e) On March 2, 2016 the Reporting Persons ceased to be the beneficial owner of more than five percent of the Common Stock.

Item 7.

Material to be Filed as Exhibits

There was filed as Exhibit A to the Initial Schedule 13D a written agreement relating to the filing of joint acquisition statements as required by Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as amended. There was filed as Exhibit B to the Initial Schedule 13D a Power of Attorney executed by Rodney A. Bienvenu, Jr., Trevor L. Colhoun, and Ernest C. Mysogland, authorizing Rodney A. Bienvenu, Jr., Trevor L. Colhoun and Ernest C. Mysogland, or any of them, to sign and file Schedule 13Ds and related documents on behalf of each person who has executed the Power of Attorney.

March 2, 2016

Date

SPEAR POINT CAPITAL MANAGEMENT LLC

By:

/s/ Rodney A. Bienvenu, Jr.

Name: Rodney A. Bienvenu, Jr.

Title: Managing Member

SPEAR POINT CAPITAL PARTNERS LLC

By:

/s/ Rodney A. Bienvenu, Jr.

Name: Rodney A. Bienvenu, Jr.

Title: Managing Member

SPEAR POINT CAPITAL FUND LP

By: Spear Point Capital Partners LLC

Its: General Partner

By:

/s/ Rodney A. Bienvenu, Jr.

Name: Rodney A. Bienvenu, Jr.

Title: Managing Member

SPEAR POINT CONDOR LP

By: Spear Point Capital Partners LLC

Its: General Partner

By:

/s/ Rodney A. Bienvenu, Jr.

Name: Rodney A. Bienvenu, Jr.

Title: Managing Member

/s/ Rodney A. Bienvenu, Jr.

Rodney A. Bienvenu, Jr.

/s/ Trevor L. Colhoun

Trevor L. Colhoun

/s/ Ernest C. Mysogland

Ernest C. Mysogland

ATTENTION

Intentional misstatements or omissions of fact constitute Federal Criminal Violations (See 18 U.S.C. 1001).

Reporting Person*

Date of Transactions

Number of Shares
Purchased/(Sold)

Price Per Share (including commissions)

Capital Fund

02/24/16

(2,100

)

$

1.07

Capital Fund

02/25/16

(11,100

)

$

0.97

Capital Fund

02/26/16

(3,000

)

$

0.89

Capital Fund

02/26/16

(600

)

$

0.89

Capital Fund

02/29/16

(1,951

)

$

0.89

Condor

01/04/16

1,500

$

1.49

Condor

01/05/16

1,000

$

1.50

Condor

01/06/16

3,000

$

1.49

Condor

01/07/16

1,000

$

1.49

Condor

02/01/16

1,000

$

1.25

Condor

02/02/16

1,000

$

1.22

Condor

02/03/16

100

$

1.29

Condor

02/04/16

1,100

$

1.20

Condor

02/05/16

500

$

1.19

Condor

02/24/16

(3,700

)

$

1.06

Condor

02/24/16

(2,500

)

$

1.06

Condor

02/25/16

(15,000

)

$

0.95

Condor

02/26/16

(600

)

$

0.89

Condor

02/29/16

(4,403

)

$

0.89