FORM 3
        
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Vanguard VI Venture Partners, L.L.C.

2. Date of Event Requiring Statement (MM/DD/YYYY)
4/2/2008 

3. Issuer Name and Ticker or Trading Symbol

ZIPREALTY INC [ZIPR]

(Last)        (First)        (Middle)

560 S. WINCHESTER BLVD., SUITE 500

4. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                            ___ X ___ 10% Owner
_____ Officer (give title below)          _____ Other (specify below)

(Street)

SAN JOSE, CA 95128       

(City)              (State)              (Zip)
5. If Amendment, Date Original Filed (MM/DD/YYYY)

 

6. Individual or Joint/Group Filing (Check Applicable Line)

___ Form filed by One Reporting Person
_ X _ Form filed by More than One Reporting Person


Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock   2029652   I   See footnote.   (1)
Common Stock   83940   I   See footnote.   (2)
Common Stock   73178   I   See footnote.   (3)

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(MM/DD/YYYY)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares

Explanation of Responses:
( 1)  Shares are owned directly by Vanguard VI, L.P. ("V6 LP"). Vanguard VI Venture Partners, LLC ("VVP"), the general partner for V6 LP, and Donald Wood, Jack M. Gill and Robert D. Ulrich, managing members of VVP, may be deemed to share voting and dispositive power over the shares held by V6 LP and disclaim beneficial ownership of shares held by V6 LP except to the extent of any pecuniary interest therein.
( 2)  Shares are owned directly by Vanguard VI Affiliates Fund, L.P. ("Affiliates"). VVP, the general partner for Affiliates, and Donald Wood, Jack M. Gill and Robert D. Ulrich, managing members of VVP, may be deemed to share voting and dispositive power over the shares held by Affiliates and disclaim beneficial ownership of shares held by Affiliates except to the extent of any pecuniary interest therein.
( 3)  Shares are owned directly by Vanguard VI Annex Fund, L.P. ("Annex"). VVP, the general partner for Annex, and Donald Wood, Jack M. Gill and Robert D. Ulrich, managing members of VVP, may be deemed to share voting and dispositive power over the shares held by Annex and disclaim beneficial ownership of shares held by Annex except to the extent of any pecuniary interest therein.

Remarks:
The Reporting Person's ownership of the Common Stock of the Issuer exceeded 10% when the Issuer repurchased 3,486,300 shares of the Issuer's Common Stock pursuant to a Securities Purchase Agreement between the Issuer and Pyramid Technology Ventures I, L.P., dated as of April 2, 2008.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Vanguard VI Venture Partners, L.L.C.
560 S. WINCHESTER BLVD.
SUITE 500
SAN JOSE, CA 95128

X

Vanguard VI, L.P.
560 S. WINCHESTER BLVD.
SUITE 500
SAN JOSE, CA 95128

X

VANGUARD VI AFFILIATES FUND L P
560 S. WINCHESTER BLVD.
SUITE 500
SAN JOSE, CA 95128

X

VANGUARD VI ANNEX FUND L P
560 S. WINCHESTER BLVD.
SUITE 500
SAN JOSE, CA 95128

X

GILL JACK M
560 S. WINCHESTER BLVD.
SUITE 500
SAN JOSE, CA 95128

X

ULRICH ROBERT D
560 S. WINCHESTER BLVD.
SUITE 500
SAN JOSE, CA 95128

X


Signatures
Ken Shilling, by power of attorney for Vanguard VI Venture Partners, LLC 2/11/2009
** Signature of Reporting Person Date

Ken Shilling, by power of attorney for Vanguard VI, L.P. 2/11/2009
** Signature of Reporting Person Date

Ken Shilling, by power of attorney for Vanguard VI Affiliates Fund, L.P. 2/11/2009
** Signature of Reporting Person Date

Ken Shilling, by power of attorney for Vanguard VI Annex Fund, L.P. 2/11/2009
** Signature of Reporting Person Date

Ken Shilling, by power of attorney for Jack M. Gill 2/11/2009
** Signature of Reporting Person Date

Ken Shilling, by power of attorney for Robert D. Ulrich 2/11/2009
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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