4//SEC Filing
Yakominich Robert John 4
Accession 0001209191-10-037581
CIK 0001142512other
Filed
Jul 5, 8:00 PM ET
Accepted
Jul 6, 8:08 PM ET
Size
17.1 KB
Accession
0001209191-10-037581
Insider Transaction Report
Form 4
ZIPREALTY INCZIPR
Yakominich Robert John
SVP, Sales
Transactions
- Tax Payment
Common Stock
2010-07-01$2.96/sh−483$1,430→ 18,103 total - Tax Payment
Common Stock
2010-07-01$2.96/sh−760$2,250→ 17,434 total
Holdings
- 50,000
Employee Stock Option (Right to Buy)
Exercise: $4.17From: 2010-09-09Exp: 2019-09-08→ Common Stock (50,000 underlying) - 130,000
Employee Stock Option (Right to Buy)
Exercise: $6.68From: 2008-08-20Exp: 2017-08-19→ Common Stock (130,000 underlying) - 25,000
Employee Stock Option (Right to Buy)
Exercise: $4.90From: 2011-03-04Exp: 2020-03-03→ Common Stock (25,000 underlying) - 30,000
Employee Stock Option (Right to Buy)
Exercise: $3.20From: 2009-08-01Exp: 2016-07-23→ Common Stock (30,000 underlying)
Footnotes (7)
- [F1]These shares include 4,201 shares of restricted stock granted on August 21, 2009, of which 2,072 shares vested on January 1, 2010, and 2,071 shares vested on July 1, 2010, less 760 shares surrendered herein, and less 912 shares previously surrendered, each to satisfy a tax withholding obligation on those 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).
- [F2]These shares include 1,315 shares of restricted stock granted on January 15, 2010, less 483 shares surrendered herein to satisfy a tax withholding obligation on the vested shares. All of the shares subject to the stock award vested on July 1, 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).
- [F3]These shares include 5,000 shares of restricted stock granted on March 4, 2010, of which 2,500 shall vest on April 1, 2011, and 2,500 shall vest on April 1, 2012, 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).
- [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]One-fourth of the shares subject to the option shall vest and become exercisable on March 4, 2011, and one forty-eighth of the shares shall vest and become exercisable on the first day of each calendar month thereafter.
- [F6]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.
- [F7]One-fourth of the shares subject to the option shall vest and become exercisable on September 9, 2010, and one forty-eighth of the shares shall vest and become exercisable on the first day of each calendar month thereafter.
Issuer
ZIPREALTY INC
CIK 0001142512
Entity typeother
Related Parties
1- filerCIK 0001410721
Filing Metadata
- Form type
- 4
- Filed
- Jul 5, 8:00 PM ET
- Accepted
- Jul 6, 8:08 PM ET
- Size
- 17.1 KB