Statement of Changes in Beneficial Ownership (4)
April 15 2013 - 5:06PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue.
See
Instruction 1(b).
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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OMB APPROVAL
OMB Number:
3235-0287
Estimated average burden
hours per response...
0.5
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
Harnett Samantha
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2. Issuer Name
and
Ticker or Trading Symbol
ZIPREALTY INC
[
ZIPR
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director
_____ 10% Owner
__
X
__ Officer (give title below)
_____ Other (specify below)
Senior VP, GC & Secretary
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(Last)
(First)
(Middle)
2000 POWELL STREET, SUITE 300
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3. Date of Earliest Transaction
(MM/DD/YYYY)
4/12/2013
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(Street)
EMERYVILLE, CA 94608
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_
X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security
(Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code
(Instr. 8)
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4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock
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4/12/2013
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M
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25693
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A
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$1.25
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41565
(1)
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D
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Common Stock
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4/12/2013
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S
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25693
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D
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$3.325
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15872
(1)
(2)
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D
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Table II - Derivative Securities Beneficially Owned (
e.g.
, puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security
(Instr. 3)
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2. Conversion or Exercise Price of Derivative Security
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3. Trans. Date
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3A. Deemed Execution Date, if any
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4. Trans. Code
(Instr. 8)
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5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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6. Date Exercisable and Expiration Date
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7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
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8. Price of Derivative Security
(Instr. 5)
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9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)
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10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)
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11. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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(A)
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(D)
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Date Exercisable
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Expiration Date
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Title
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Amount or Number of Shares
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Stock Option (right to buy)
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$2.90
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3/5/2012
(3)
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3/4/2021
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Common Stock
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(4)
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23649
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D
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Stock Option (right to buy)
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$4.90
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3/4/2011
(3)
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3/3/2020
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Common Stock
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(4)
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20000
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D
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Stock Option (right to buy)
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$4.97
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5/21/2009
(3)
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5/20/2018
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Common Stock
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(4)
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30000
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D
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Stock Option (right to buy)
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$4.79
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12/11/2008
(3)
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12/10/2017
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Common Stock
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(4)
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6000
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D
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Stock Option (right to buy)
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$3.20
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8/1/2009
(5)
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7/23/2016
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Common Stock
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(4)
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2500
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D
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Stock Option (right to buy)
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$3.20
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8/1/2009
(5)
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7/23/2016
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Common Stock
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(4)
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2500
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D
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Stock Option (right to buy)
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$3.20
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8/1/2009
(5)
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7/23/2016
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Common Stock
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(4)
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12000
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D
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Stock Option (right to buy)
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$3.80
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11/1/2010
(3)
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12/9/2019
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Common Stock
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(4)
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30000
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D
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Stock Option (right to buy)
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$1.25
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4/12/2013
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M
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4514
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3/8/2013
(3)
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3/7/2022
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Common Stock
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4514
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$0.00
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28820
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D
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Stock Option (right to buy)
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$1.25
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4/12/2013
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M
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4513
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3/8/2013
(6)
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3/7/2022
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Common Stock
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4513
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$0.00
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28820
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D
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Stock Option (right to buy)
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$2.87
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12/6/2013
(3)
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12/5/2022
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Common Stock
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(4)
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100000
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D
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Stock Option (right to buy)
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$1.25
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4/12/2013
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M
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16666
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2/27/2013
(5)
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3/7/2022
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Common Stock
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16666
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$0.00
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16667
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D
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Explanation of Responses:
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(
1)
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These shares include 15,000 shares of restricted stock granted on December 6, 2012, which are scheduled to vest in one year, in accordance with the terms of the related Restricted Stock Award Agreement.
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(
2)
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The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on or about March 13, 2013.
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(
3)
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One-fourth of the shares subject to the option vest and become exercisable on the Exercisable Date, and one forty-eighth of the shares vest and become exercisable on the first day of each calendar month thereafter.
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(
4)
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n/a
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(
5)
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The shares subject to the option are fully vested.
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(
6)
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One-fourth of the shares subject to the option shall vest and become exercisable on March 8, 2013, and one forty-eighth of the shares shall vest and become exercisable on the first day of each calendar month thereafter; provided, however, that the option will accelerate and vest in full if the Company's closing stock price on the NASDAQ Stock Market is equal to or greater than $5.00 per share for a period of 120 consecutive days.
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Reporting Owners
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Reporting Owner Name / Address
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Relationships
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Director
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10% Owner
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Officer
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Other
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Harnett Samantha
2000 POWELL STREET
SUITE 300
EMERYVILLE, CA 94608
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Senior VP, GC & Secretary
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Signatures
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/s/ Samantha E. Harnett
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4/15/2013
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**
Signature of Reporting Person
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Date
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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*
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If the form is filed by more than one reporting person,
see
Instruction 4(b)(v).
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**
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Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
See
18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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Note:
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File three copies of this Form, one of which must be manually signed. If space is insufficient,
see
Instruction 6 for procedure.
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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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