4//SEC Filing
BERCOVICH LARRY S 4
Accession 0001209191-09-050459
CIK 0001142512other
Filed
Nov 1, 7:00 PM ET
Accepted
Nov 2, 5:39 PM ET
Size
8.8 KB
Accession
0001209191-09-050459
Insider Transaction Report
Form 4
ZIPREALTY INCZIPR
BERCOVICH LARRY S
VP, GC & Secretary
Transactions
- Tax Payment
Common Stock
2009-10-30$3.75/sh−2,223$8,336→ 6,082 total
Holdings
- 20,000
Employee Stock Option (Right to Buy)
Exercise: $3.20From: 2009-08-01Exp: 2016-07-23→ Common Stock (20,000 underlying) - 50,000
Employee Stock Option (Right to Buy)
Exercise: $6.68From: 2008-08-27Exp: 2017-08-26→ Common Stock (50,000 underlying)
Footnotes (3)
- [F1]These shares include 2,088 shares that vested as previously reported, plus 6,217 shares that vested on October 30, 2009, pursuant to an accelerated vesting schedule contained in a certain Separation Agreement, less 2,223 shares surrendered as reported herein to satisfy a tax withholding obligation on these newly vested shares.
- [F2]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.
- [F3]One-fourth of the shares subject to the option vested and became exercisable on August 27, 2008, 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 0001284824
Filing Metadata
- Form type
- 4
- Filed
- Nov 1, 7:00 PM ET
- Accepted
- Nov 2, 5:39 PM ET
- Size
- 8.8 KB