4//SEC Filing
Rector David Allan 4
Accession 0001209191-12-021438
CIK 0001142512other
Filed
Apr 2, 8:00 PM ET
Accepted
Apr 3, 4:44 PM ET
Size
23.6 KB
Accession
0001209191-12-021438
Insider Transaction Report
Form 4
ZIPREALTY INCZIPR
Rector David Allan
SVP, CAO
Transactions
- Exercise/Conversion
Common Stock
2012-03-30$0.99/sh+8,395$8,311→ 19,360 total - Tax Payment
Common Stock
2012-04-01$1.37/sh−838$1,148→ 18,522 total - Exercise/Conversion
Employee Stock Option (Right to buy)
2012-03-30−8,395→ 0 totalExercise: $0.99From: 2003-04-01Exp: 2012-04-10→ Common Stock (8,395 underlying)
Holdings
- 20,000
Employee Stock Option (Right to buy)
Exercise: $4.90From: 2011-03-04Exp: 2020-03-03→ Common Stock (20,000 underlying) - 20,000
Employee Stock Option (Right to buy)
Exercise: $0.99From: 2003-10-01Exp: 2012-10-28→ Common Stock (20,000 underlying) - 30,000
Employee Stock Option (Right to buy)
Exercise: $2.90From: 2012-03-05Exp: 2021-03-04→ Common Stock (30,000 underlying) - 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) - 30,000
Employee Stock Option (Right to buy)
Exercise: $3.20From: 2009-08-01Exp: 2016-07-23→ Common Stock (30,000 underlying) - 16,667
Employee Stock Option (Right to buy)
Exercise: $3.20From: 2009-08-01Exp: 2016-07-23→ Common Stock (16,667 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)
Footnotes (7)
- [F1]These shares include 4,000 shares of restricted stock granted on March 4, 2010 which 2,000 vested on April 1, 2012, less 838 shares surrendered as reported herein to satisfy a tax withholding obligation, in accordance with the terms of the related Restricted Stock Award Agreement.
- [F2]One-fourth of the shares subject to the option shall vest and become exercisable on March 5, 2012, and one forty-eighth of the shares shall vest and become exercisable on the first day of each calendar month thereafter.
- [F3]One-fourth of the shares subject to the option vested and became 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.
- [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 vested and became exercisable on the first day of each calendar month thereafter.
- [F7]This option is fully vested.
Documents
Issuer
ZIPREALTY INC
CIK 0001142512
Entity typeother
Related Parties
1- filerCIK 0001295011
Filing Metadata
- Form type
- 4
- Filed
- Apr 2, 8:00 PM ET
- Accepted
- Apr 3, 4:44 PM ET
- Size
- 23.6 KB