TheStreet, Inc. Reports Inducement Grant to Chief Financial Officer in
Compliance with NASDAQ Listing Rules
NEW YORK, Feb. 25, 2013
NEW YORK, Feb. 25, 2013 /PRNewswire/ --TheStreet, Inc. (NASDAQ: TST), a
leading digital financial media company, today announced that the Compensation
Committee of TheStreet's Board of Directors approved an inducement award to
John C. Ferrara in connection with his appointment as TheStreet's Chief
OnFebruary 16, 2013, TheStreet previously announced the hiring ofMr.
Ferrara, and on January 24, 2013, the Compensation Committee approvedan
equity award as an inducement material to Mr. Ferrara's acceptance of
employment with the Company in accordance with NASDAQ Listing Rule
5635(c)(4). In connection with his appointment today, Mr. Ferrara received an
option to purchase 325,000 shares of the Company's common stock, with an
exercise price of$1.86per share which is equal to today's closing price of
the Company's Common Stock. The option has a seven year term and vests over a
period of four years, with 25% vesting after one year of the grant date and
the remaining 75% vesting in approximately equal monthly increments over the
succeeding thirty-six months, provided his continuous employment through each
vesting date, and subject to acceleration or forfeiture upon the occurrence of
certain events as set forth in his option agreement.
TheStreet, Inc. is a leading digital financial media company that distributes
its content through online, social media, tablet and mobile channels. The
Company's network of brands includes: TheStreet, RealMoney, RealMoney Pro, The
Deal, Stockpickr, Action Alerts PLUS, Options Profits, MainStreet and
Rate-Watch. For more information on TheStreet's business, visit www.t.st. For
financial and business news, actionable trading ideas, stock quotes and more,
visit TheStreet.com, follow TheStreet on Facebook and Twitter, visit
TheStreet.mobi from your mobile device and access TheStreet through all major
tablet platforms. For more information on The Deal, visit www.thedeal.com.
The TheStreet, Inc. logo is available at:
Chairman, Chief Executive Officer and President
Sapphire Investor Relations, LLC
SOURCE TheStreet, Inc.
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