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

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0104
Expires: December 31, 2014
Estimated average burden
hours per response: 0.5
1. Name and Address of Reporting Person*
Wilson James Duncan

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

(Street)
EMERYVILLE CA 94608

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
09/08/2011
3. Issuer Name and Ticker or Trading Symbol
ZIPREALTY INC [ ZIPR ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Vice President, Technology
5. 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 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 7,851 (1) D
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: 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
Stock Option (right to buy) 08/01/2009 (2) 07/23/2016 Common Stock 42,633 3.2 D
Stock Option (right to buy) 09/09/2010 (3) 09/08/2019 Common Stock 2,500 4.17 D
Stock Option (right to buy) 03/04/2011 (3) 03/03/2020 Common Stock 10,000 4.9 D
Stock Option (right to buy) 03/05/2012 (3) 03/04/2021 Common Stock 30,000 2.9 D
Explanation of Responses:
1. These shares include 1,500 shares of restricted stock granted on March 4, 2010, which shall vest on April 1, 2012, in accordance with the terms of the related Restricted Stock Award Agreement. This vesting schedule is subject to the employee remaining in a service relationship with the Company on such date and also to change-of-control terms contained in a separate agreement.
2. The shares subject to the option vest and become exercisable at the rate of 1/36th per month on the first day of each month starting August 1, 2009, until fully vested.
3. One-fourth of the shares subject to the option vest and become exercisable on the Date Exercisable, and 1/48th of the shares vest and become exercisable on the first day of each calendar month thereafter, until fully vested.
Remarks:
/s/ Karen B. Seto, Attorney-in-Fact 09/15/2011
** 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 Number.