4//SEC Filing
Lashinsky Joseph Patrick 4
Accession 0001209191-10-049402
CIK 0001142512other
Filed
Oct 4, 8:00 PM ET
Accepted
Oct 5, 6:33 PM ET
Size
20.0 KB
Accession
0001209191-10-049402
Insider Transaction Report
Form 4
ZIPREALTY INCZIPR
Transactions
- Tax Payment
Common Stock
2010-10-01$3.15/sh−38,442$121,092→ 165,942 total
Holdings
- 6,667
Employee Stock Option (Right to buy)
Exercise: $3.20From: 2009-08-01Exp: 2016-07-23→ Common Stock (6,667 underlying) - 16,666
Employee Stock Option (Right to buy)
Exercise: $0.99From: 2003-02-01Exp: 2012-04-10→ Common Stock (16,666 underlying) - 1,718
Employee Stock Option (Right to buy)
Exercise: $0.99From: 2001-02-01Exp: 2012-03-03→ Common Stock (1,718 underlying) - 166,667
Employee Stock Option (Right to buy)
Exercise: $3.20From: 2009-08-01Exp: 2016-07-23→ Common Stock (166,667 underlying) - 25,000
Employee Stock Option (Right to buy)
Exercise: $3.20From: 2009-08-01Exp: 2016-07-23→ Common Stock (25,000 underlying) - 200,000
Employee Stock Option (Right to buy)
Exercise: $3.20From: 2009-08-01Exp: 2016-07-23→ Common Stock (200,000 underlying) - 125,000
Employee Stock Option (Right to buy)
Exercise: $4.90From: 2011-03-04Exp: 2020-03-03→ Common Stock (125,000 underlying) - 12,500
Employee Stock Option (Right to buy)
Exercise: $3.20From: 2009-08-01Exp: 2016-07-23→ Common Stock (12,500 underlying) - 57,760
Employee Stock Option (Right to buy)
Exercise: $0.99From: 2003-03-06Exp: 2012-03-05→ Common Stock (57,760 underlying)
Footnotes (8)
- [F1]Pursuant to a Separation Agreement and Release entered into between the Company and Mr. Lashinsky, on October 1, 2010, the date of Mr. Lashinsky's termination of employment with the Company, (i) 28,125 shares of restricted stock that were previously unvested became vested immediately, of which 10,317 shares were surrendered to satisfy tax withholding obligations, and (ii) another 28,125 shares of restricted stock that were previously unvested were forfeited.
- [F2]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.
- [F3]Options ceased to vest upon the termination of Mr. Lashinsky's employment with the Company on October 1, 2010. Pursuant to the Separation Agreement and Release noted above, the post-termination exercise period for all options was extended to October 1,2013.
- [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]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.
- [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]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.
Documents
Issuer
ZIPREALTY INC
CIK 0001142512
Entity typeother
Related Parties
1- filerCIK 0001295821
Filing Metadata
- Form type
- 4
- Filed
- Oct 4, 8:00 PM ET
- Accepted
- Oct 5, 6:33 PM ET
- Size
- 20.0 KB