4//SEC Filing
Yakominich Robert John 4
Accession 0001209191-09-041822
CIK 0001142512other
Filed
Aug 23, 8:00 PM ET
Accepted
Aug 24, 8:43 PM ET
Size
9.5 KB
Accession
0001209191-09-041822
Insider Transaction Report
Form 4
ZIPREALTY INCZIPR
Yakominich Robert John
SVP, Sales
Transactions
- Award
Common Stock
2009-08-21$3.11/sh+4,143$12,885→ 16,461 total
Holdings
- 30,000
Employee Stock Option (Right to Buy)
Exercise: $3.20From: 2009-08-01Exp: 2016-07-23→ Comon Stock (30,000 underlying) - 130,000
Employee Stock Option (Right to Buy)
Exercise: $6.68From: 2008-08-20Exp: 2017-08-19→ Common Stock (130,000 underlying)
Footnotes (4)
- [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 15,000 shares of restricted stock granted on February 12, 2009, of which 7,500 vested on August 12, 2009, and 7,500 shall vest on February 12, 2010, less 2,682 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]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-fourth of the shares subject to the option vested and became exercisable on August 20, 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 0001410721
Filing Metadata
- Form type
- 4
- Filed
- Aug 23, 8:00 PM ET
- Accepted
- Aug 24, 8:43 PM ET
- Size
- 9.5 KB