4//SEC Filing
Sinclair William C 4
Accession 0001209191-10-051974
CIK 0001142512other
Filed
Oct 27, 8:00 PM ET
Accepted
Oct 28, 4:13 PM ET
Size
17.1 KB
Accession
0001209191-10-051974
Insider Transaction Report
Form 4
ZIPREALTY INCZIPR
Sinclair William C
EVP of Ops. and Bus. Dev.
Transactions
- Tax Payment
Common Stock
2010-10-22$3.15/sh−734$2,312→ 24,546 total
Holdings
- 17,500
Employee Stock Option (Right to buy)
Exercise: $4.90From: 2011-03-04Exp: 2020-03-03→ Common Stock (17,500 underlying) - 83,333
Employee Stock Option (Right to buy)
Exercise: $0.99From: 2003-09-30Exp: 2012-10-28→ Common Stock (83,333 underlying) - 11,111
Employee Stock Option (Right to buy)
Exercise: $3.20From: 2009-08-01Exp: 2016-07-23→ Common Stock (11,111 underlying) - 15,000
Employee Stock Option (Right to buy)
Exercise: $3.20From: 2009-08-01Exp: 2016-07-23→ Common Stock (15,000 underlying) - 66,667
Employee Stock Option (Right to buy)
Exercise: $3.20From: 2009-08-01Exp: 2016-07-23→ Common Stock (66,667 underlying) - 45,000
Employee Stock Option (Right to buy)
Exercise: $4.97From: 2009-05-21Exp: 2018-05-20→ Common Stock (45,000 underlying) - 12,500
Employee Stock Option (Right to buy)
Exercise: $3.20From: 2009-08-01Exp: 2016-07-23→ Common Stock (12,500 underlying)
Footnotes (7)
- [F1]Pursuant to a Separation Agreement and Release entered into between the Company and Mr. Sinclair on October 22, 2010, the date of Mr. Sinclair's termination of employment with the Company, (i) 2,000 shares of restricted stock that were previously unvested became vested immediately, of which 734 shares were surrendered to satisfy tax withholding obligations, and (ii) another 2,000 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. Sinclair's employment with the Company on October 22, 2010. Pursuant to the Separation Agreement and Release noted above, the post-termination exercise period for all options was extended to April 22, 2012.
- [F4]One-fourth of the shares subject to the option vested and became exercisable on May 21, 2009, and one forty-eighth of the shares shall vest and become exercisable on the first day of each calendar month thereafter.
- [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 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.
- [F6]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.
- [F7]One-fourth of the shares subject to the option vested and became exercisable on September 30, 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 0001295014
Filing Metadata
- Form type
- 4
- Filed
- Oct 27, 8:00 PM ET
- Accepted
- Oct 28, 4:13 PM ET
- Size
- 17.1 KB