4//SEC Filing
BERCOVICH LARRY S 4
Accession 0001209191-09-037958
CIK 0001142512other
Filed
Jul 27, 8:00 PM ET
Accepted
Jul 28, 9:22 PM ET
Size
11.5 KB
Accession
0001209191-09-037958
Insider Transaction Report
Form 4
ZIPREALTY INCZIPR
BERCOVICH LARRY S
VP, GC & Secretary
Transactions
- Disposition to Issuer
Employee Stock Option (Right to Buy)
2009-07-24−30,000→ 0 totalExercise: $4.97From: 2009-05-21Exp: 2018-05-20→ Common Stock (30,000 underlying) - Award
Employee Stock Option (Right to Buy)
2009-07-24+20,000→ 20,000 totalExercise: $3.20From: 2009-08-01Exp: 2016-07-23→ Common Stock (20,000 underlying)
Holdings
- 50,000
Employee Stock Option (Right to Buy)
Exercise: $6.68From: 2008-08-27Exp: 2017-08-26→ Common Stock (50,000 underlying) - 6,500
Common Stock
Footnotes (4)
- [F1]3,250 shares subject to the stock award shall vest on August 12, 2009, and 3,250 shares shall vest on February 12, 2010, in accordance with the terms of a Restricted Stock Award Agreement entered into under the Company's 2004 Equity Incentive Plan. This vesting schedule is subject to the employee remaining in a service relationship with the Company on such dates and also to change-of-control terms contained in separate agreement(s).
- [F2]Pursuant to the option exchange program of ZipRealty, Inc. ("Issuer"), Issuer canceled a 10-year option granted to the reporting person with an exercise price between $4.59 and $7.99 per share. In exchange for every three Eligible Options surrendered at this exerise price, the reporting person received two New Options with a seven-year life at an exercise price of $3.20 per share, which was the closing sale price of Issuer's common stock on the NASDAQ Global Market on July 24, 2009. The New Options vest at the rate of 1/36 per month on the first date of each month until fully vested, subject to the reporting person remaining a service provider to Issuer.
- [F3]One-fourth of the shares subject to the option vested and became exercisable on May 21, 2009, and one forty-eighth of the shares shall vest and become exercisable on the first day of each calendar month thereafter.
- [F4]One-fourth of the shares subject to the option vested and became exercisable on August 27, 2008, and one forty-eighth of the shares shall vest and become exercisable on the first day of each calendar month thereafter.
Documents
Issuer
ZIPREALTY INC
CIK 0001142512
Entity typeother
Related Parties
1- filerCIK 0001284824
Filing Metadata
- Form type
- 4
- Filed
- Jul 27, 8:00 PM ET
- Accepted
- Jul 28, 9:22 PM ET
- Size
- 11.5 KB