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 |
|
|||||||||||||||
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*
(Street)
|
2. Issuer Name and Ticker or Trading Symbol
ZIPREALTY INC [ ZIPR ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
|
||||||||||||||||||||||||
3. Date of Earliest Transaction
(Month/Day/Year) 12/14/2007 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
|
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 | 12/14/2007 | X | 227,249 | A | $3.93 | 2,748,976 | I | See footnote(1)(12) | ||
Common Stock | 12/14/2007 | S(10) | 182,572 | D | $4.892 | 2,566,404 | I | See footnote(1)(12) | ||
Common Stock | 12/14/2007 | X | 65,130 | A | $3.93 | 788,181 | I | See footnote(2)(12) | ||
Common Stock | 12/14/2007 | S(10) | 52,325 | D | $4.892 | 735,856 | I | See footnote(2)(12) | ||
Common Stock | 12/14/2007 | X | 8,499 | A | $3.93 | 102,810 | I | See footnote(3)(12) | ||
Common Stock | 12/14/2007 | S(10) | 6,828 | D | $4.892 | 95,982 | I | See footnote(3)(12) | ||
Common Stock | 12/14/2007 | X | 2,530 | A | $3.93 | 30,606 | I | See footnote(4)(12) | ||
Common Stock | 12/14/2007 | S(10) | 2,033 | D | $4.892 | 28,573 | I | See footnote(4)(12) | ||
Common Stock | 199,797 | I | See footnote(5)(12) | |||||||
Common Stock | 12/14/2007 | X | 314,793 | A | $3.93 | 4,009,430 | I | See footnote(6) | ||
Common Stock | 12/14/2007 | S(10) | 252,905 | D | $4.892 | 3,756,525 | I | See footnote(6) | ||
Common Stock | 12/14/2007 | X | 314,793 | A | $3.93 | 4,009,430 | I | See footnote(7) | ||
Common Stock | 12/14/2007 | S(10) | 252,905 | D | $4.892 | 3,756,525 | I | See footnote(7) | ||
Common Stock | 12/14/2007 | X | 314,793 | A | $3.93 | 4,009,430 | I | See footnote(8) | ||
Common Stock | 12/14/2007 | S(10) | 252,905 | D | $4.892 | 3,756,525 | I | See footnote(8) | ||
Common Stock | 12/14/2007 | X | 307,962 | A | $3.93 | 3,925,997 | I | See footnote(9) | ||
Common Stock | 12/14/2007 | S(10) | 247,417 | D | $4.892 | 3,678,580 | I | See footnote(9) |
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 | ||||||||
Common Stock Purchase Warrant (right to buy) | $3.93 | 12/14/2007 | X | 227,249 | (11) | 12/17/2007 | Common Stock | 227,249 | $0 | 0 | I | See footnote(1) | |||
Common Stock Purchase Warrant (right to buy) | $3.93 | 12/14/2007 | X | 65,130 | (11) | 12/17/2007 | Common Stock | 65,130 | $0 | 0 | I | See footnote(2) | |||
Common Stock Purchase Warrant (right to buy) | $3.93 | 12/14/2007 | X | 8,499 | (11) | 12/17/2007 | Common Stock | 8,499 | $0 | 0 | I | See footnote(3) | |||
Common Stock Purchase Warrant (right to buy) | $3.93 | 12/14/2007 | X | 2,530 | (11) | 12/17/2007 | Common Stock | 2,530 | $0 | 0 | I | See footnote(4) | |||
Common Stock Purchase Warrant (right to buy) | $3.93 | 12/14/2007 | X | 314,793 | (11) | 12/17/2007 | Common Stock | 314,793 | $0 | 0 | I | See footnote(6) | |||
Common Stock Purchase Warrant (right to buy) | $3.93 | 12/14/2007 | X | 314,793 | (11) | 12/17/2007 | Common Stock | 314,793 | $0 | 0 | I | See footnote(7) | |||
Common Stock Purchase Warrant (right to buy) | $3.93 | 12/14/2007 | X | 314,793 | (11) | 12/17/2007 | Common Stock | 314,793 | $0 | 0 | I | See footnote(8) | |||
Common Stock Purchase Warrant (right to buy) | $3.93 | 12/14/2007 | X | 307,962 | (11) | 12/17/2007 | Common Stock | 307,962 | $0 | 0 | I | See footnote(9) |
1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
| ||||||||||||||||||||||||
1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
| ||||||||||||||||||||||||
1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
| ||||||||||||||||||||||||
1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
| ||||||||||||||||||||||||
1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
| ||||||||||||||||||||||||
1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
| ||||||||||||||||||||||||
1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
| ||||||||||||||||||||||||
1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
| ||||||||||||||||||||||||
1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
| ||||||||||||||||||||||||
1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
|
Explanation of Responses: |
1. Shares are directly held by Benchmark Capital Partners IV, L.P. ("BCP IV"). |
2. Shares are directly held by Benchmark Founders' Fund IV, L.P. ("BFF IV"). |
3. Shares are directly held by Benchmark Founders' Fund IV-A, L.P. ("BFF IV-A"). |
4. Shares are directly held by Benchmark Founders' Fund IV-B, L.P. ("BFF IV-B"). |
5. Shares are directly held by Benchmark Founders' Fund IV-X, L.P. ("BFF IV-X"). |
6. Andrew Rachleff, a managing member of BCMC IV, may be deemed to share beneficial ownership of the shares held by the Benchmark IV Funds. In addition, Mr. Rachleff may be deemed to share voting and dispositive power over 11,385 warrants reported hereunder and 129,913 shares of Common Stock held by his family trust |
7. Kevin R. Harvey, a managing member of BCMC IV, may be deemed to share beneficial ownership of the shares held by the Benchmark IV Funds. In addition, Mr. Harvey may be deemed to share voting and dispositive power over 11,385 warrants reported hereunder and 129,913 shares of Common Stock held by his family trust. |
8. Bruce Dunlevie, a managing member of BCMC IV, may be deemed to share beneficial ownership of the shares held by the Benchmark IV Funds. In addition, Mr. Dunlevie may be deemed to share voting and dispositive power over 11,385 warrants reported hereunder and 129,913 shares of Common Stock held by his family trust. |
9. Alexandre Balkanski, a managing member of BCMC IV, may be deemed to share beneficial ownership of the shares held by the Benchmark IV Funds. In addition, Mr. Balkanski may be deemed to share voting and dispositive power over 4,554 warrants reported hereunder and 51,968 shares of Common Stock held by his family trust. |
10. This represents shares that were withheld by the issuer pursuant to the net exercise feature for the exercise of the warrants reported herein. |
11. Warrants were immediately exercisable following issuance. |
12. Benchmark Capital Management Co. IV, L.L.C. ("BCMC IV"), the Designated Filer, is the general partner of each of BCP IV, BFF IV, BFF IV-A, BFF IV-B and BFF IV-X (collectively, the "Benchmark IV Funds"), and may be deemed to have sole voting and dispositive power over the shares held by the Benchmark IV Funds. BCMC IV and each of its managing members disclaim beneficial ownership of the shares held by the Benchmark IV Funds except to the extent of any pecumiary interest therein. |
Remarks: |
Alexandre Balkanski, David Beirne, Bruce W. Dunlevie, J. William Gurley, Kevin R. Harvey, Robert Kagle, Andrew Rachleff and Steven M. Spurlock are the managing members of BCMC IV, which serves as the general partner to each of BCP IV, BFF IV, BFF IV-A, BFF IV-B and BFF IV-X. Each reporting person disclaims the existence of a "group" and disclaims beneficial ownership of any securities (except to the extent of such reporting person's pecuniary interest in such securities) other than any securities being reported herein as being directly owned by such reporting person. *This report is one of three reports, each on a separate Form 4, but relating to the same transaction being filed by BCMC IV, its managing members and the Benchmark IV Funds. |
Steven M. Spurlock, as managing member of Benchmark Capital Management Co., IV, L.L.C. | 12/18/2007 | |
Steven M. Spurlock, as managing member of Benchmark Capital Management Co., IV, L.L.C., general partner of Benchmark Capital Partners IV, L.P. | 12/18/2007 | |
Steven M. Spurlock, as managing member of Benchmark Capital Management Co., IV, L.L.C., general partner of Benchmark Founders' Fund IV, L.P. | 12/18/2007 | |
Steven M. Spurlock, as managing member of Benchmark Capital Management Co., IV, L.L.C., general partner of Benchmark Founders' Fund IV-A, L.P. | 12/18/2007 | |
Steven M. Spurlock, as managing member of Benchmark Capital Management Co., IV, L.L.C., general partner of Benchmark Founders' Fund IV-B, L.P. | 12/18/2007 | |
Steven M. Spurlock, as managing member of Benchmark Capital Management Co., IV, L.L.C., general partner of Benchmark Founders' Fund IV-X, L.P. | 12/18/2007 | |
Steven M. Spurlock, by power of attorney for each of Andrew S. Rachleff | 12/18/2007 | |
Steven M. Spurlock, by power of attorney for Kevin Harvey | 12/18/2007 | |
Steven M. Spurlock, by power of attorney for Bruce W. Dunlevie | 12/18/2007 | |
Steven M. Spurlock, by power of attorney for Alexandre Balkanski | 12/18/2007 | |
** 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). | ||
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. |