X0304 4 2012-03-08 0 0001142512 ZIPREALTY INC ZIPR 0001475223 Harnett Samantha 2000 POWELL STREET SUITE 300 EMERYVILLE CA 94608 0 1 0 0 VP, GC & Secretary Common Stock 4500 D Stock Option (right to buy) 2.90 2012-03-05 2021-03-04 Common Stock 40000 40000 D Stock Option (right to buy) 4.90 2011-03-04 2020-03-03 Common Stock 20000 20000 D Stock Option (right to buy) 4.97 2009-05-21 2018-05-20 Common Stock 30000 30000 D Stock Option (right to buy) 4.79 2008-12-11 2017-12-10 Common Stock 6000 6000 D Stock Option (right to buy) 3.20 2009-08-01 2016-07-23 Common Stock 2500 2500 D Stock Option (right to buy) 3.20 2009-08-01 2016-07-23 Common Stock 2500 2500 D Stock Option (right to buy) 3.20 2009-08-01 2016-07-23 Common Stock 12000 12000 D Stock Option (right to buy) 3.80 2010-11-01 2019-10-31 Common Stock 30000 30000 D Stock Option (right to buy) 1.25 2012-03-08 4 A 0 33333 0.00 A 2013-03-08 2022-03-07 Common Stock 33333 33333 D Stock Option (right to buy) 1.25 2012-03-08 4 A 0 33333 0.00 A 2013-03-08 2022-03-07 Common Stock 33333 33333 D These shares include 3,000 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 dates and also to change-of control terms contained in separate agreement(s). 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 August 4, 2010. 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. 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. 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. One-fourth of the shares subject to the option vested and became exercisable on December 11, 2008, and one forty-eighth of the shares shall vest and become exercisable on the first day of each calendar month thereafter. The shares subject to the option vest at the rate of 1/36 per month on the first date of each month starting on August 1, 2009, until fully vested. One-fourth of the shares subject to the option vested and became exercisable on November 1, 2010, and one forty-eighth of the shares shall vest and become exercisable on the first day of each calendar month thereafter. 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. 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. /s/ Samantha E. Harnett 2012-03-12