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4//SEC Filing

Lashinsky Joseph Patrick 4

Accession 0001209191-09-037960

CIK 0001142512other
View on SEC.govCompany Profile

Filed

Jul 27, 8:00 PM ET

Accepted

Jul 28, 9:25 PM ET

Size

35.1 KB

Accession

0001209191-09-037960

Insider Transaction Report

Form 4
Period: 2009-07-24
ZIPREALTY INCZIPR
Lashinsky Joseph Patrick
CEO
Transactions
  • Award

    Employee Stock Option (Right to buy)

    2009-07-24+12,500→ 12,500 total
    Exercise: $3.20From: 2009-08-01Exp: 2016-07-23→ Common Stock (12,500 underlying)
  • Award

    Employee Stock Option (Right to buy)

    2009-07-24+6,667→ 6,667 total
    Exercise: $3.20From: 2009-08-01Exp: 2016-07-23→ Common Stock (6,667 underlying)
  • Award

    Employee Stock Option (Right to buy)

    2009-07-24+25,000→ 25,000 total
    Exercise: $3.20From: 2009-08-01Exp: 2016-07-23→ Common Stock (25,000 underlying)
  • Award

    Employee Stock Option (Right to buy)

    2009-07-24+200,000→ 200,000 total
    Exercise: $3.20From: 2009-08-01Exp: 2016-07-23→ Common Stock (200,000 underlying)
  • Disposition to Issuer

    Employee Stock Option (Right to buy)

    2009-07-24−10,000→ 0 total
    Exercise: $7.50From: 2004-04-29Exp: 2014-03-28→ Common Stock (10,000 underlying)
  • Award

    Employee Stock Option (Right to buy)

    2009-07-24+166,667→ 166,667 total
    Exercise: $3.20From: 2009-08-01Exp: 2016-07-23→ Common Stock (166,667 underlying)
  • Disposition to Issuer

    Employee Stock Option (Right to buy)

    2009-07-24−25,000→ 0 total
    Exercise: $16.50From: 2005-12-16Exp: 2014-12-15→ Common Stock (25,000 underlying)
  • Disposition to Issuer

    Employee Stock Option (Right to buy)

    2009-07-24−250,000→ 0 total
    Exercise: $7.75From: 2008-01-12Exp: 2017-01-11→ Common Stock (250,000 underlying)
  • Disposition to Issuer

    Employee Stock Option (Right to buy)

    2009-07-24−50,000→ 0 total
    Exercise: $8.40From: 2007-01-03Exp: 2016-01-02→ Common Stock (50,000 underlying)
  • Disposition to Issuer

    Employee Stock Option (Right to buy)

    2009-07-24−300,000→ 0 total
    Exercise: $6.68From: 2008-06-04Exp: 2017-09-12→ Common Stock (300,000 underlying)
Holdings

  • Employee Stock Option (Right to buy)

    Exercise: $0.99From: 2003-02-01Exp: 2012-04-10→ Common Stock (16,666 underlying)
    16,666

  • Employee Stock Option (Right to buy)

    Exercise: $0.99From: 2001-02-01Exp: 2012-03-03→ Common Stock (1,718 underlying)
    1,718

  • Common Stock

    221,216

  • Employee Stock Option (Right to buy)

    Exercise: $0.99From: 2003-03-06Exp: 2012-03-05→ Common Stock (57,760 underlying)
    57,760
Footnotes (12)
  • [F1]These shares include 25,000 shares of restricted stock granted on February 12, 2009, of which 12,500 shares shall vest on August 12, 2009, and 12,500 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).
  • [F10]An option to purchase 33,333 shares was originally granted. One-fourth of the shares subject to the option vested and became exercisable on February 1, 2001 and one forty-eighth of the shares shall vest and become exercisable on the first day of each calendar month thereafter.
  • [F11]One-fourth of the shares subject to the option vested and became exercisable on March 6, 2003 and one forty-eighth of the shares shall vest and become exercisable on the first day of each calendar month thereafter.
  • [F12]One-fourth of the shares subject to the option vested and became exercisable on February 1, 2003 and one forty-eighth of the shares shall vest and become exercisable on the first day of each calendar month thereafter.
  • [F2]These shares include 225,000 shares of restricted stock granted on September 13, 2007, which vest as to 28,125 shares every six months beginning December 4, 2007, until fully vested, less 30,165 shares surrendered as previously reported, and less 10,055 shares surrendered as reported herein, in each case surrendered to satisfy tax withholding obligations. These shares are subject to the vesting conditions and other terms of a Restricted Stock Award Agreement entered into under the Company's 2004 Equity Incentive Plan.
  • [F3]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.
  • [F4]One forty-eighth of the shares subject to the option vested and became exercisable on April 29, 2004 and one forty-eighth of the shares shall vest and become exercisable on the first day of each calendar month thereafter.
  • [F5]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 equal to or greater than $8.00 per share. In exchange for every two Eligible Options surrendered at this exercise price, the reporting person received one New Option 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.
  • [F6]One-fourth of the shares subject to the option vested and became exercisable on December 16, 2005 and one forty-eighth of the shares shall vest and become exercisable on the first day of each calendar month thereafter.
  • [F7]One-fourth of the shares subject to the option vested and became exercisable on January 3, 2007, and one forty-eighth of the shares shall vest and become exercisable on the first day of each calendar month thereafter.
  • [F8]One-fourth of the shares subject to the option vested and became exercisable on January 12, 2008, and one forty-eighth of the shares shall vest and become exercisable on the first day of each calendar month thereafter.
  • [F9]One-fourth of the shares subject to the option vested and became exercisable on June 4, 2008, and one forty-eighth of the shares shall vest and become exercisable on the first day of each calendar month thereafter.

Documents

1 file

Issuer

ZIPREALTY INC

CIK 0001142512

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Entity typeother

Related Parties

1
  • filerCIK 0001295821

Filing Metadata

Form type
4
Filed
Jul 27, 8:00 PM ET
Accepted
Jul 28, 9:25 PM ET
Size
35.1 KB
View on SEC.gov