NEW YORK, June 29, 2016 /PRNewswire/ -- TheStreet, Inc.
(NASDAQ: TST), a leading digital financial media company, today
announced the grant of an inducement award to its newly appointed
General Counsel, Heather Mars.
The award was approved by the Compensation Committee as an
inducement material to her acceptance of employment with the
Company in accordance with NASDAQ Listing Rule 5635(c)(4).
![TheStreet Logo TheStreet Logo](http://photos.prnewswire.com/prnvar/20140603/93856)
The inducement grant to Ms. Mars consists of an option to
purchase 100,000 shares of the Company's common stock with an
exercise price of $1.20 per share,
equal to the closing price of the Company's Common Stock as
reported by NASDAQ on June 27, 2016,
the grant date. The option has a seven year term and vests
over a period of three years, with one-third vesting after one year
of employment and the remaining two-thirds vesting in approximately
equal monthly increments over the succeeding twenty-four months,
subject to Ms. Mars' continued service relationship with the
Company through each vesting date, and subject to acceleration or
forfeiture upon the occurrence of certain events as set forth in
her option agreement.
About TheStreet
TheStreet, Inc. (www.t.st) is the leading independent digital
financial media company providing business and financial news,
investing ideas and analysis to personal and institutional
investors worldwide. The Company's portfolio of business and
personal finance brands includes: TheStreet, RealMoney, RealMoney
Pro, Stockpickr, Action Alerts PLUS, Options Profits, MainStreet
and RateWatch. To learn more, visit www.thestreet.com.
The Deal, the Company's institutional business, provides
intraday coverage of mergers and acquisitions and all other changes
in corporate control. To learn more,
visit www.thedeal.com.
Contact: Eric Lundberg, Chief
Financial Officer, TheStreet, Inc., ir at thestreet.com |
John Evans, Investor Relations, PIR
Communications, 415-309-0230, ir at thestreet.com
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SOURCE TheStreet, Inc.