ZIPREALTY INC 4
4 · ZIPREALTY INC · Filed Aug 15, 2014
Insider Transaction Report
Form 4
ZIPREALTY INCZIPR
Zang Xavier Y
President, Powered by Zip
Transactions
- Disposition from Tender
Common Stock
2014-08-13$6.75/sh−18,037$121,750→ 0 total - Disposition to Issuer
Stock Option (right to buy)
2014-08-14$3.75/sh−350,000$1,312,500→ 0 totalExercise: $3.00Exp: 2023-06-03→ Common Stock (350,000 underlying) - Disposition to Issuer
Stock Option (right to buy)
2014-08-14$2.00/sh−25,000$50,000→ 0 totalExercise: $4.75Exp: 2024-02-26→ Common (25,000 underlying)
Footnotes (2)
- [F1]Pursuant to an Agreement and Plan of Merger dated as of July 15, 2014, among the Issuer, Realogy Group LLC, and Honeycomb Acquisition, Inc. ("Purchaser"), a wholly owned indirect subsidiary of Realogy Group LLC: (i) on August 13, 2014, Purchaser accepted all the shares of the Issuer's common stock tendered to it at a price of $6.75 per share in cash, at which time each outstanding and unvested option to purchase shares of the Issuer's common stock vested in full; and (ii) on August 14, 2014, Purchaser was merged with and into the Issuer, at which time each outstanding share of the Issuer's common stock was converted into the right to receive $6.75 in cash, and each outstanding option to purchase shares of the Issuer's common stock was cancelled in exchange for a cash payment equal to $6.75 less the option exercise price, in each case payable without interest and less any required withholding taxes. All transactions reported in this Form 4 relate to the foregoing events.
- [F2]All of the shares subject to the option have vested and become exercisable.