XNAS:ZIPR ZipRealty Inc Insider Activity 4 Filing - 4/1/2012

Effective Date 4/1/2012

XNAS:ZIPR (ZipRealty Inc): Fair Value Estimate
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XNAS:ZIPR (ZipRealty Inc): Consider Buying
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XNAS:ZIPR (ZipRealty Inc): Consider Selling
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XNAS:ZIPR (ZipRealty Inc): Fair Value Uncertainty
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XNAS:ZIPR (ZipRealty Inc): Economic Moat
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XNAS:ZIPR (ZipRealty Inc): Stewardship
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

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
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(Print or Type Responses)
1. Name and Address of Reporting Person *
Combes Genevieve Claire
  2. Issuer Name and Ticker or Trading Symbol
ZIPREALTY INC [ZIPR]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
SVP, Corporate Development
(Last)
(First)
(Middle)
2000 POWELL STREET, SUITE 300
3. Date of Earliest Transaction (Month/Day/Year)
04/01/2012
(Street)

EMERYVILLE, CA 94608
4. If Amendment, Date Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 04/01/2012   F   1,676 D $1.37 16,748(1) D  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (right to buy) $2.9             03/05/2012(2) 03/04/2021 Common Stock 60,000   60,000 D  
Stock Option (right to buy) $4.9             03/04/2011(3) 03/03/2020 Common Stock 35,000   35,000 D  
Stock Option (right to buy) $4.97             05/21/2009(4) 05/20/2018 Common Stock 45,000   45,000 D  
Stock Option (right to buy) $7.11             03/27/2008(5) 03/26/2017 Common Stock 40,000   40,000 D  
Stock Option (right to buy) $3.2             08/01/2009(6) 07/23/2016 Common Stock 4,167   4,167 D  
Stock Option (right to buy) $3.2             08/01/2009(6) 07/23/2016 Common Stock 2,500   2,500 D  
Stock Option (right to buy) $3.2             08/01/2009(6) 07/23/2016 Common Stock 5,834   5,834 D  
Stock Option (right to buy) $3.2             08/01/2009(6) 07/23/2016 Common Stock 10,000   10,000 D  
Stock Option (right to buy) $3.2             08/01/2009(7) 07/23/2016 Common Stock 40,000   40,000 D  
Stock Option (right to buy) $5.97             08/09/2007(8) 08/08/2016 Common Stock 40,000   40,000 D  
Stock Option (right to buy) $1.25             03/08/2013(9) 03/07/2022 Common Stock 33,333   33,333 D  
Stock Option (right to buy) $1.25             03/08/2013(10) 03/07/2022 Common Stock 33,333   33,333 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Combes Genevieve Claire
2000 POWELL STREET
SUITE 300
EMERYVILLE, CA 94608
      SVP, Corporate Development  

Signatures

 /s/ Samantha E. Harnett, Attorney-in-fact   04/03/2012
** Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(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).
(1) These shares include 4,000 shares of restricted stock granted on March 4, 2010 which vested on April 1, 2012,less 1,676 shares surrendered as reported herein to satisfy a tax withholding obligation, in accordance with the terms of the related Restricted Stock Award Agreement.
(2) One-fourth of the shares subject to the option vested and became exercisable on March 5, 2012, and one forty-eighth of the shares shall vest and become exercisable on the first day of each calendar month thereafter.
(3) One-fourth of the shares subject to the option vested and became exercisable on March 4, 2011, and one forty-eighth of the shares shall vest and become exercisable on the first day of each calendar month thereafter.
(4) One-fourth of the shares subject to the option vested and became exercisable on May 21, 2009, and one forty-eighth of the shares shall vest and become exercisable on the first day of each calendar month thereafter.
(5) One-fourth of the shares subject to the option vested and became exercisable on March 27, 2008, and one forty-eighth of the shares shall vest and become exercisable on the first day of each calendar month thereafter.
(6) 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 equal to or greater than $8.00 per share. In exchange for every two Eligible Options surrendered at this exercise price, the reporting person received one New Option 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.
(7) 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.
(8) One-fourth of the shares subject to the option vested and became exercisable on August 9, 2007, and one forty-eighth of the shares shall vest and become exercisable on the first day of each calendar month thereafter.
(9) 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.
(10) 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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XNAS:ZIPR ZipRealty Inc Insider Activity 4 Filling

ZipRealty Inc XNAS:ZIPR Stock - Get Insider Activity SEC Filing of ZipRealty Inc XNAS:ZIPR stocks, including company profile, shares outstanding, strategy, business segments, operations, officers, consolidated financial statements, financial notes and ownership information.

XNAS:ZIPR ZipRealty Inc Insider Activity 4 Filing - 4/1/2012
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