4//SEC Filing
Lashinsky Joseph Patrick 4
Accession 0001209191-09-041809
CIK 0001142512other
Filed
Aug 23, 8:00 PM ET
Accepted
Aug 24, 8:16 PM ET
Size
18.9 KB
Accession
0001209191-09-041809
Insider Transaction Report
Form 4
ZIPREALTY INCZIPR
Transactions
- Award
Common Stock
2009-08-21$3.11/sh+17,864$55,557→ 234,611 total
Holdings
- 166,667
Employee Stock Option (Right to buy)
Exercise: $3.20From: 2009-08-01Exp: 2016-07-23→ Common Stock (166,667 underlying) - 200,000
Employee Stock Option (Right to buy)
Exercise: $3.20From: 2009-08-01Exp: 2016-07-23→ Common Stock (200,000 underlying) - 12,500
Employee Stock Option (Right to buy)
Exercise: $3.20From: 2009-08-01Exp: 2016-07-23→ Common Stock (12,500 underlying) - 25,000
Employee Stock Option (Right to buy)
Exercise: $3.20From: 2009-08-01Exp: 2016-07-23→ Common Stock (25,000 underlying) - 6,667
Employee Stock Option (Right to buy)
Exercise: $3.20From: 2009-08-01Exp: 2016-07-23→ Common Stock (6,667 underlying) - 1,718
Employee Stock Option (Right to buy)
Exercise: $0.99From: 2001-02-01Exp: 2012-03-03→ Common Stock (1,718 underlying) - 57,760
Employee Stock Option (Right to buy)
Exercise: $0.99From: 2003-03-06Exp: 2012-03-05→ Common Stock (57,760 underlying) - 16,666
Employee Stock Option (Right to buy)
Exercise: $0.99From: 2003-02-01Exp: 2012-04-10→ Common Stock (16,666 underlying)
Footnotes (8)
- [F1]One-half of the Shares subject to the Stock Award will vest on January 1, 2010, and the remaining one-half of the Shares subject to the Stock Award will vest on July 1, 2010. 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]These shares include 25,000 shares of restricted stock granted on February 12, 2009, of which 12,500 vested on August 12, 2009, and 12,500 shall vest on February 12, 2010, less 4,469 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).
- [F3]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 40,220 shares surrendered as previously reported, 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.
- [F4]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.
- [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]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.
- [F7]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.
- [F8]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.
Documents
Issuer
ZIPREALTY INC
CIK 0001142512
Entity typeother
Related Parties
1- filerCIK 0001295821
Filing Metadata
- Form type
- 4
- Filed
- Aug 23, 8:00 PM ET
- Accepted
- Aug 24, 8:16 PM ET
- Size
- 18.9 KB