- Amended Statement of Ownership (SC 13G/A)
April 02 2012 - 11:02AM
Edgar (US Regulatory)
SECURITIES AND EXCHANGE
COMMISSION
Washington, DC 20549
SCHEDULE 13G/A
(Rule 13d-102)
(Amendment No. 2)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO
RULES 13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO
RULE 13d-2(b)
(Name of Issuer)
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Shares of Common Stock, $0.001 par value
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(Title of Class of Securities)
(CUSIP Number)
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
x
Rule 13d-1(b)
¨
Rule 13d-1(c)
¨
Rule 13d-1(d)
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CUSIP No. 98974V107
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13G/A
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1
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NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION
NO. OF ABOVE PERSONS (ENTITIES ONLY)
Teton Capital Partners,
L.P.
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2
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CHECK THE APPROPRIATE BOX IF A
MEMBER OF A GROUP*
(a)
¨
(b)
¨
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3
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SEC USE ONLY
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4
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CITIZENSHIP OR PLACE OF
ORGANIZATION
Texas
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NUMBER OF
SHARES
BENEFICIALLY
OWNED
BY
EACH
REPORTING
PERSON
WITH
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5
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SOLE VOTING POWER
941,350
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6
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SHARED VOTING POWER
0
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7
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SOLE DISPOSITIVE POWER
941,350
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8
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SHARED DISPOSITIVE POWER
0
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
941,350
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10
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CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES*
¨
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11
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PERCENT OF CLASS REPRESENTED BY
AMOUNT IN ROW 9
4.6% **
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12
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TYPE OF REPORTING
PERSON*
PN
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*
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SEE INSTRUCTIONS BEFORE FILLING OUT
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2
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CUSIP No. 98974V107
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13G/A
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1
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NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION
NO. OF ABOVE PERSONS (ENTITIES ONLY)
Ancient Art,
L.P.
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2
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CHECK THE APPROPRIATE BOX IF A
MEMBER OF A GROUP*
(a)
¨
(b)
¨
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3
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SEC USE ONLY
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4
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CITIZENSHIP OR PLACE OF
ORGANIZATION
Texas
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NUMBER OF
SHARES
BENEFICIALLY
OWNED
BY
EACH
REPORTING
PERSON
WITH
|
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5
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SOLE VOTING POWER
0
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6
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SHARED VOTING POWER
941,350
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7
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SOLE DISPOSITIVE POWER
0
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8
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SHARED DISPOSITIVE POWER
941,350
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
941,350
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10
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CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES*
¨
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11
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PERCENT OF CLASS REPRESENTED BY
AMOUNT IN ROW 9
4.6% **
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12
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TYPE OF REPORTING
PERSON*
PN, IA
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*
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SEE INSTRUCTIONS BEFORE FILLING OUT
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3
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CUSIP No. 98974V107
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13G/A
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1
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NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION
NO. OF ABOVE PERSONS (ENTITIES ONLY)
Whitney, L.P.
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2
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CHECK THE APPROPRIATE BOX IF A
MEMBER OF A GROUP*
(a)
¨
(b)
¨
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3
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SEC USE ONLY
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4
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CITIZENSHIP OR PLACE OF
ORGANIZATION
Texas
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NUMBER OF
SHARES
BENEFICIALLY
OWNED
BY
EACH
REPORTING
PERSON
WITH
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5
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SOLE VOTING POWER
0
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6
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SHARED VOTING POWER
941,350
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7
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SOLE DISPOSITIVE POWER
0
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8
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SHARED DISPOSITIVE POWER
941,350
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
941,350
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10
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CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES*
¨
|
11
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PERCENT OF CLASS REPRESENTED BY
AMOUNT IN ROW 9
4.6% **
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12
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TYPE OF REPORTING
PERSON*
PN
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*
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SEE INSTRUCTIONS BEFORE FILLING OUT
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4
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CUSIP No. 98974V107
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13G/A
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1
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NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION
NO. OF ABOVE PERSONS (ENTITIES ONLY)
Trango II,
L.L.C.
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2
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CHECK THE APPROPRIATE BOX IF A
MEMBER OF A GROUP*
(a)
¨
(b)
¨
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3
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SEC USE ONLY
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4
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CITIZENSHIP OR PLACE OF
ORGANIZATION
Texas
|
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
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5
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SOLE VOTING POWER
0
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6
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SHARED VOTING POWER
941,350
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7
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SOLE DISPOSITIVE POWER
0
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8
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SHARED DISPOSITIVE POWER
941,350
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
941,350
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10
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CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES*
¨
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11
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PERCENT OF CLASS REPRESENTED BY
AMOUNT IN ROW 9
4.6% **
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12
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TYPE OF REPORTING
PERSON*
OO
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*
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SEE INSTRUCTIONS BEFORE FILLING OUT
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5
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CUSIP No. 98974V107
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13G/A
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1
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NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION
NO. OF ABOVE PERSONS (ENTITIES ONLY)
Quincy J. Lee
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2
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CHECK THE APPROPRIATE BOX IF A
MEMBER OF A GROUP*
(a)
¨
(b)
¨
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3
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SEC USE ONLY
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4
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CITIZENSHIP OR PLACE OF
ORGANIZATION
United States
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NUMBER OF
SHARES
BENEFICIALLY
OWNED
BY
EACH
REPORTING
PERSON
WITH
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5
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SOLE VOTING POWER
0
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6
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SHARED VOTING POWER
941,350
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7
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SOLE DISPOSITIVE POWER
0
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8
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SHARED DISPOSITIVE POWER
941,350
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
941,350
|
10
|
|
CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES*
¨
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11
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|
PERCENT OF CLASS REPRESENTED BY
AMOUNT IN ROW 9
4.6% **
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12
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TYPE OF REPORTING
PERSON*
IN
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*
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SEE INSTRUCTIONS BEFORE FILLING OUT
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6
SCHEDULE 13G/A
This Amendment No. 2 to the Schedule 13G (this Schedule 13G) relates to Shares of Common Stock, $0.001 par value
(Common Stock), of ZipRealty, Inc., a Delaware corporation (the Issuer), and is being filed on behalf of (i) Teton Capital Partners, L.P. (the Fund), a Texas limited partnership, (ii) Ancient Art, L.P.
(Ancient Art), a Texas limited partnership, as the investment manager to the Fund, (iii) Whitney, L.P. (Whitney), a Texas limited partnership, as the general partner of the Fund, (iv) Trango II, L.L.C.
(Trango), a Texas limited liability company, as the general partner of both Ancient Art and Whitney, and (v) Quincy J. Lee, as the principal of Trango (the persons mentioned in (ii), (iii), (iv) and (v) above are referred
to herein as the Teton Management Group, and, together with the Fund, the Reporting Persons). All shares of Common Stock are held by the Fund.
Item 1(a)
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Name of Issuer.
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ZipRealty, Inc.
Item 1(b)
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Address of Issuers Principal Executive Offices.
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2000 Powell Street, Suite 300
Emeryville, California 94608
Item 2(a)
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Name of Person Filing.
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(i) Teton Capital Partners, L.P. (the Fund), (ii) Ancient Art, L.P. (Ancient Art), (iii) Whitney, L.P.
(Whitney), (iv) Trango II, L.L.C. (Trango) and (v) Quincy J. Lee.
Item 2(b)
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Address of Principal Business Office, or, if none, Residence.
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610 West 5th Street, Suite 600
Austin, Texas 78701
Item 2(c)
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Citizenship or Place of Organization.
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The Fund is a Texas limited partnership. Ancient Art is a Texas limited partnership. Whitney is a Texas limited partnership. Trango is a Texas limited liability company. Mr. Lee is a United States
citizen.
Item 2(d)
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Title of Class of Securities.
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Shares of Common Stock, $0.001 par value (the Common Stock).
98974V107
7
Item 3
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If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
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(a)
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¨
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Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).
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(b)
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¨
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Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
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(c)
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¨
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Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).
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(d)
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¨
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Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).
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(e)
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x
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An investment advisor in accordance with §240.13d-1(b)(1)(ii)(E).
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(f)
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¨
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An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F).
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(g)
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¨
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A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G).
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(h)
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¨
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A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813).
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(i)
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¨
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A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3).
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(j)
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¨
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Group, in accordance with §240.13d-1(b)(1)(ii)(J).
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(a)
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The Fund may be deemed the beneficial owner of the 941,350 shares of Common Stock it holds. The Teton Management Group may be deemed the beneficial owner of the 941,350
shares of Common Stock held by the Fund.
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(b)
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The Fund may be deemed the beneficial owner of 4.6%, and the Teton Management Group may be deemed the beneficial owner of 4.6%, of the Issuers outstanding shares
of Common Stock. These percentages were calculated by dividing (i) 941,350, the number of shares of Common Stock held by the Fund, by (ii) 20,563,943 the number shares of Common Stock issued and outstanding as of October 31, 2011, as
reported in the Issuers most recent Form 10-Q filed with the Securities and Exchange Commission on November 8, 2011.
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(c)
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The Fund has the sole power to vote and dispose of the 941,350 shares of Common Stock it holds. The Teton Management Group has the shared power to vote and dispose of
the 941,350 shares of Common Stock held by Fund.
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8
Item 5
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Ownership of Five Percent or Less of a Class.
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If this statement is being filed to report the fact that as of the date hereof the Reporting Persons have ceased to be the beneficial owners of more than five percent of the class of securities, check the
following
x
.
Item 6
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Ownership of More Than Five Percent on Behalf of Another Person.
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Inapplicable.
Item 7
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Identification and Classification of the Subsidiary which Acquired the Security Being Reported On by the Parent Holding Company.
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Inapplicable.
Item 8
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Identification and Classification of Members of the Group.
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Inapplicable.
Item 9
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Notice of Dissolution of Group.
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Inapplicable.
By
signing below each of the Reporting Persons certifies that, to the best of such persons knowledge and belief, the securities referred to above were acquired and held in the ordinary course of business and were not acquired and were not held
for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.
9
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true,
complete and correct.
Date: April 2, 2012
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Teton Capital Partners, L.P.
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By:
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Whitney, L.P., its general partner
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By:
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Trango II, L.L.C., its general partner
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By:
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/s/ Quincy J. Lee
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Name:
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Quincy J. Lee
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Title:
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Manager
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Ancient Art, L.P.
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By:
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Trango II, L.L.C., its general partner
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By:
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/s/ Quincy J. Lee
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Name:
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Quincy J. Lee
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Title:
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Manager
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Whitney, L.P.
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By:
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Trango II, L.L.C., its general partner
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By:
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/s/ Quincy J. Lee
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Name:
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Quincy J. Lee
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Title:
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Manager
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Trango II, L.L.C.
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By:
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/s/ Quincy J. Lee
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Name:
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Quincy J. Lee
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Title:
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Manager
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/s/ Quincy J. Lee
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Quincy J. Lee
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10
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