X0202 4 2006-09-06 0 0001142512 ZIPREALTY INC ZIPR 0001371621 Sommer Richard F 2000 POWELL STREET EMERYVILLE CA 94608 1 1 0 0 CEO Employee Stock Option (Right to Buy) 6.06 2006-09-06 4 A 0 1250000 0.00 A 2007-09-06 2016-09-06 Common Stock 1250000 1250000 D One-fourth of the shares subject to the option shall vest and become exercisable on September 6, 2007 and one forty-eighth of the shares shall vest and become exercisable on the first day of each calendar month thereafter. Some or all of the shares subject to the option may also vest and become exercisable earlier in time under certain qualifying terminations of employment. /s/Richard F. Sommer 2006-09-06