4//SEC Filing
Rector David Allan 4
Accession 0001209191-10-001466
CIK 0001142512other
Filed
Jan 4, 7:00 PM ET
Accepted
Jan 5, 6:51 PM ET
Size
19.8 KB
Accession
0001209191-10-001466
Insider Transaction Report
Form 4
ZIPREALTY INCZIPR
Rector David Allan
SVP, CAO
Transactions
- Tax Payment
Common Stock
2010-01-01$3.76/sh−1,042$3,918→ 9,152 total
Holdings
- 11,111
Employee Stock Option (Right to buy)
Exercise: $3.20From: 2009-08-01Exp: 2016-07-23→ Common Stock (11,111 underlying) - 7,500
Employee Stock Option (Right to buy)
Exercise: $3.20From: 2009-08-01Exp: 2016-07-23→ Common Stock (7,500 underlying) - 20,000
Employee Stock Option (Right to buy)
Exercise: $3.20From: 2009-08-01Exp: 2016-07-23→ Common Stock (20,000 underlying) - 16,667
Employee Stock Option (Right to buy)
Exercise: $3.20From: 2009-08-01Exp: 2016-07-23→ Common Stock (16,667 underlying) - 30,000
Employee Stock Option (Right to buy)
Exercise: $3.20From: 2009-08-01Exp: 2016-07-23→ Common Stock (30,000 underlying) - 116,667
Employee Stock Option (Right to buy)
Exercise: $3.20From: 2009-08-01Exp: 2016-07-23→ Common Stock (116,667 underlying) - 13,333
Employee Stock Option (Right to buy)
Exercise: $3.20From: 2009-08-01Exp: 2016-07-23→ Common Stock (13,333 underlying) - 8,395
Employee Stock Option (Right to buy)
Exercise: $0.99From: 2003-04-01Exp: 2012-04-10→ Common Stock (8,395 underlying)
Footnotes (7)
- [F1]The vesting date of January 1, 2010, was not a trading day, so the price on the previous trading day, December 31, 2009, is being used.
- [F2]These shares include 6,500 shares of restricted stock granted on February 12, 2009, of which 3,250 vested on August 12, 2009, and 3,250 shall vest on February 12, 2010, less 1,162 shares previously surrendered to satisfy a tax withholding obligation on those 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 4,737 shares of restricted stock granted on August 21, 2009, of which 2,369 shares vested on January 1, 2010, and 2,368 shares shall vest on July 1, 2010, less 1,042 shares surrendered as reported herein to satisfy a tax withholding obligation on these newly vested shares, 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).
- [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 13,333 shares was orignally granted. One-fourth of the shares subject to the option vested and became exercisable on April 1, 2003, 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 October 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 0001295011
Filing Metadata
- Form type
- 4
- Filed
- Jan 4, 7:00 PM ET
- Accepted
- Jan 5, 6:51 PM ET
- Size
- 19.8 KB