SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
DEMARSE ELISABETH H

(Last) (First) (Middle)
2000 POWELL STREET
SUITE 300

(Street)
EMERYVILLE CA 94608

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
ZIPREALTY INC [ ZIPR ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
06/01/2012
4. If Amendment, Date of 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
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 06/01/2012 P 400 A $1.528 1,150 D
Common Stock 06/01/2012 P 3,850 A $1.55 5,000 D
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 Securities Underlying Derivative Security (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: 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) $2.47 (1) 06/01/2021 Common Stock 6,666 6,666 D
Stock Option (right to buy) $3.49 (2) 05/19/2020 Common Stock 6,666 6,666 D
Stock Option (right to buy) $3.2 (2) 05/20/2019 Common Stock 6,666 6,666 D
Stock Option (right to buy) $4.97 (2) 05/20/2018 Common Stock 6,666 6,666 D
Stock Option (right to buy) $7.69 (2) 05/23/2017 Common Stock 6,666 6,666 D
Stock Option (right to buy) $9.07 (2) 05/24/2016 Common Stock 6,666 6,666 D
Stock Option (right to buy) $13.88 (2) 07/25/2015 Common Stock 16,666 16,666 D
Stock Option (right to buy) $1.25 03/08/2013 03/07/2022 Common Stock 50,000 50,000 D
Explanation of Responses:
1. All of the shares subject to the option shall vest and become exercisable on the earlier of (i) June 2, 2012, which is the first anniversary of the date of grant, and (ii) the Company's next annual meeting of stockholders at which directors are elected, subject to the non-employee director's continued service to the Company through the vesting date.
2. All of the shares subject to the option have vested and become exercisable.
Remarks:
/s/ Karen B. Seto, Attorney-in-fact 06/01/2012
** 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 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).
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