Burke Joan L. 4
4 · ZIPREALTY INC · Filed Aug 13, 2009
Insider Transaction Report
Form 4
ZIPREALTY INCZIPR
Burke Joan L.
VP, Human Resources
Transactions
- Tax Payment
Common Stock
2009-08-12$3.16/sh−358$1,131→ 1,642 total
Holdings
- 60,000
Employee Stock Option (Right to Buy)
Exercise: $4.43From: 2009-09-02Exp: 2018-09-01→ Common Stock (60,000 underlying)
Footnotes (2)
- [F1]These shares include 2,000 shares of restricted stock granted on February 12, 2009, of which 1,000 vested on August 12, 2009, and 1,000 shall vest on February 12, 2010, less 358 shares surrendered as reported herein to satisfy a tax withholding obligation on these newly vested shares, in accordance with the terms of the related Restricted Stock Award Agreement. 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]One-fourth of the shares subject to the option shall vest and become exercisable on September 2, 2009, and one forty-eighth of the shares shall vest and become exercisable on the first day of each calendar month thereafter.