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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><B>UNITED STATES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><B>SECURITIES AND EXCHANGE
COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><B>Washington, D.C. 20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><B>FORM 8-K</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">CURRENT REPORT</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><B>Pursuant to Section&nbsp;13
or 15(d) of</B></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">the Securities Exchange Act of 1934</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in">Date of Report (date of
earliest event reported): <B>June 7, 2012</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-family: Times New Roman, Times, Serif">
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    <TD STYLE="width: 100%; border-bottom: windowtext 1pt solid; padding-right: 0.7pt; padding-left: 0.7pt; text-indent: 0in; font-size: 10pt; font-weight: bold; text-align: center">ZIPREALTY, INC.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.7pt; padding-left: 0.7pt; text-indent: 0in; font-size: 10pt; text-align: center">(Exact name of registrant as specified in its charter)</TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"></P>

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    <TD STYLE="width: 33%; vertical-align: top; border-bottom: windowtext 1pt solid; padding-right: 0.7pt; padding-left: 0.7pt; text-align: center; font-weight: bold; text-decoration: none">Delaware</TD>
    <TD STYLE="width: 33%; vertical-align: bottom; border-bottom: windowtext 1pt solid; padding-right: 0.7pt; padding-left: 0.7pt; text-align: center; font-weight: bold; text-decoration: none">000-51002</TD>
    <TD STYLE="width: 33%; vertical-align: bottom; border-bottom: windowtext 1pt solid; padding-right: 0.7pt; padding-left: 0.7pt; text-align: center; font-weight: bold; text-decoration: none">94-3319956</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 0.7pt; padding-left: 0.7pt; text-indent: 0in; text-align: center">(State or other jurisdiction of incorporation)</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 0.7pt; padding-left: 0.7pt; text-indent: 0in; text-align: center">(Commission File Number)</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 0.7pt; padding-left: 0.7pt; text-indent: 0in; text-align: center">(I.R.S. Employer Identification No.)</TD></TR>
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    <TD STYLE="width: 100%; border-bottom: windowtext 1pt solid; padding-right: 0.7pt; padding-left: 0.7pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><B>2000 Powell Street,
        Suite 300</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><B>Emeryville, CA 94608</B></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.7pt; padding-left: 0.7pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in">(Address of principal
        executive offices)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in">(Zip Code)</P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><B>&nbsp;</B></P>

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<TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%; padding-right: 0.7pt; padding-left: 0.7pt; text-indent: 0in; font-size: 10pt">Registrant&rsquo;s telephone number, including area code: <B>(510) 735-2600</B></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-family: Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 54%; border-bottom: windowtext 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0in; font-size: 10pt; font-weight: bold; text-align: center">Not Applicable</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0in; font-size: 10pt; text-align: center">(Former name or former address, if changed since last report.)</TD>
    </TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction
A.2. below):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Wingdings">&#168;</FONT></TD><TD STYLE="text-align: justify">Written communications pursuant to Rule 425 under the
Securities Act (17 CFR 230.425)</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 14.25pt; text-indent: -14.25pt">&nbsp;</P>

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<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Wingdings">&#168;</FONT></TD><TD STYLE="text-align: justify">Soliciting material pursuant to Rule 14a-12 under the
Exchange Act (17 CFR 240.14a-12)</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 14.25pt; text-indent: -14.25pt">&nbsp;</P>

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<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Wingdings">&#168;</FONT></TD><TD STYLE="text-align: justify">Pre-commencement communications pursuant to Rule 14d-2(b)
under the Exchange Act (17 CFR 240.14d-2(b))</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 14.25pt; text-indent: -14.25pt">&nbsp;</P>

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<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Wingdings">&#168;</FONT></TD><TD STYLE="text-align: justify">Pre-commencement communications pursuant to Rule 13e-4(c)
under the Exchange Act (17 CFR 240.13e-4(c))</TD>
</TR></TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: -1in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 1in; text-align: left"><B>Item 5.02</B></TD><TD STYLE="text-align: justify"><B> Departure of Directors or Certain Officers; Election
of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.</B></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(c) As reported in the Reports on Form 8-K
filed on April 9, 2012 and May 8, 2012 by ZipRealty, Inc. (the &ldquo;Company&rdquo;), the Company hired Eric L. Mersch as its
Senior Vice President, Chief Financial Officer and Chief Accounting Officer effective April 9, 2012, and Franklin V. (Van) Davis
as its President, Brokerage Operations effective May 7, 2012, respectively. In connection with those hirings, on June 7, 2012,
the Compensation Committee (the &ldquo;Committee&rdquo;) of the Board of Directors of the Company approved the grant to Mr. Mersch
of an option to purchase 250,000 shares and to Mr. Davis of an option to purchase 180,000 shares of common stock of the Company,
in each case at an exercise price equal to $1.36 per share, which was the closing price of the Company&rsquo;s common stock on
the NASDAQ Stock Market on the date of grant. Each option vests as to 25% on the first annual anniversary of such officer&rsquo;s
initial employment, with the remaining 75% of the option to vest ratably on the first date of each month thereafter for the subsequent
three-year period. Vesting will be dependent on such officer&rsquo;s continued service relationship with the Company and will be
subject to the terms and conditions set forth in the Company&rsquo;s 2004 Equity Incentive Plan and the Stock Option Award Agreement
between such officer and the Company, the forms of which are filed as Exhibit 10.3 to the Company&rsquo;s Registration Statement
on Form S-1(File No.&nbsp;333-115657) filed with the Securities and Exchange Commission on May&nbsp;20, 2004, as amended, and as
Exhibit 10.3(a) to the Company&rsquo;s Annual Report on Form&nbsp;10-K (File No. 000-51002) filed with the Securities and Exchange
Commission on March&nbsp;28, 2005, respectively.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Vesting of each option may be accelerated
pursuant to the terms of the standard Change of Control Agreement between the Company and its executives and certain other officers.
Under the Change of Control Agreement, in the event such officer&rsquo;s employment with the Company is terminated without cause
(as defined therein), or is constructively terminated (as defined therein), within twelve (12) months following a change of control
(as defined therein) of the Company, then 50% of the unvested shares under the option will vest on the date such officer&rsquo;s
employment is terminated. The foregoing summary is subject in its entirety to the provisions of the Change of Control Agreement,
the form of which is filed as Exhibit 10.4(a) to the Company&rsquo;s Annual Report on Form 10-K (File No.&nbsp;000-51002) filed
with the Securities and Exchange Commission on March 9, 2011.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 1in; text-align: left"><B>Item 5.07</B></TD><TD STYLE="text-align: justify"><B>Submission of Matters to a Vote of Security Holders.</B></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: -1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">On June 7, 2012, the Company held its Annual
Meeting of Stockholders. At that meeting, the following individuals were elected to the Board of Directors as continuing directors,
each to serve for a term of three (3) years:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="width: 49%; vertical-align: bottom; padding: 0; text-decoration: underline; text-indent: 0">Director</TD>
    <TD STYLE="width: 14%; vertical-align: bottom; padding: 0; text-decoration: underline; text-align: center; text-indent: 0">Votes For</TD>
    <TD STYLE="width: 18%; vertical-align: bottom; padding: 0; text-decoration: underline; text-align: center; text-indent: 0">Votes Withheld</TD>
    <TD STYLE="width: 19%; vertical-align: top; padding: 0; text-decoration: underline; text-align: center; text-indent: 0">Broker Non-votes</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 0; text-indent: 0">Charles C. (Lanny) Baker</TD>
    <TD STYLE="vertical-align: bottom; padding: 0; text-align: center; text-indent: 0">13,474,896</TD>
    <TD STYLE="vertical-align: bottom; padding: 0; text-align: center; text-indent: 0">138,238</TD>
    <TD STYLE="vertical-align: top; padding: 0; text-align: center; text-indent: 0">4,904,464</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 0; text-indent: 0">Robert C. Kagle</TD>
    <TD STYLE="vertical-align: bottom; padding: 0; text-align: center; text-indent: 0">13,464,194</TD>
    <TD STYLE="vertical-align: bottom; padding: 0; text-align: center; text-indent: 0">148,940</TD>
    <TD STYLE="vertical-align: top; padding: 0; text-align: center; text-indent: 0">4,904,464</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Also at that meeting, the following proposal
was adopted by the margin indicated:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 49%; padding: 0; text-decoration: underline; text-indent: 0">Proposal</TD>
    <TD STYLE="width: 14%; padding: 0; text-decoration: underline; text-align: center">Votes For</TD>
    <TD STYLE="width: 18%; padding: 0; text-decoration: underline; text-align: center">Votes Against</TD>
    <TD STYLE="width: 19%; padding: 0; text-decoration: underline; text-align: center">Votes Abstained</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 0; text-indent: 0">Ratification of appointment of Moss Adams LLP as the Company&rsquo;s independent registered public accounting firm for the fiscal year ending December&nbsp;31, 2012</TD>
    <TD STYLE="padding: 0; text-align: center; text-indent: 0">18,160,514</TD>
    <TD STYLE="padding: 0; text-align: center; text-indent: 0">338,345</TD>
    <TD STYLE="padding: 0; text-align: center; text-indent: 0">18,739</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><B>SIGNATURE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Pursuant to the requirements of the Securities
Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

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<TR>
    <TD STYLE="vertical-align: top; padding-right: -4.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: -4.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: -4.5pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; padding-right: -4.5pt; font-weight: bold">ZIPREALTY, INC.</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: -4.5pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: -4.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: -4.5pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; padding-right: -4.5pt">a Delaware corporation</TD></TR>
<TR>
    <TD STYLE="width: 5%; vertical-align: top; padding-right: -4.5pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 5%; vertical-align: bottom; padding-right: -4.5pt">&nbsp;</TD>
    <TD STYLE="width: 40%; vertical-align: top; padding-right: -4.5pt">&nbsp;</TD>
    <TD STYLE="width: 5%; vertical-align: top; padding-right: -4.5pt">&nbsp;</TD>
    <TD STYLE="width: 45%; vertical-align: top; padding-right: -4.5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="padding-right: 0.7pt; padding-left: 0.7pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">Dated: June 11, 2012</P>

</TD>
    <TD STYLE="padding-right: 0.7pt; padding-left: 0.7pt; text-indent: 0in">By:</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; padding-right: 0.7pt; padding-left: 0.7pt; text-indent: 0in">/s/ Karen B. Seto</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 0.7pt; padding-left: 0.7pt; tab-stops: right 6.7in">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 0.7pt; padding-left: 0.7pt; tab-stops: right 6.7in">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 0.7pt; padding-left: 0.7pt; tab-stops: right 6.7in">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 0.7pt; padding-left: 0.7pt; tab-stops: right 6.7in">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 0.7pt; padding-left: 0.7pt; tab-stops: right 6.7in">Karen B. Seto</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 0.7pt; padding-left: 0.7pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 0.7pt; padding-left: 0.7pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 0.7pt; padding-left: 0.7pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 0.7pt; padding-left: 0.7pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 0.7pt; padding-left: 0.7pt; font-style: italic">Vice President and Corporate Counsel</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 0.7pt; padding-left: 0.7pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 0.7pt; padding-left: 0.7pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 0.7pt; padding-left: 0.7pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 0.7pt; padding-left: 0.7pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 0.7pt; padding-left: 0.7pt; font-style: italic">&nbsp;</TD></TR>
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{"company-data": {"conformed-name": "ZIPREALTY INC", "cik": "0001142512", "assigned-sic": "6531", "irs-number": "943319956", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-51002", "film-number": "12900610"}, "business-address": {"street1": "2000 POWELL STREET, SUITE 300", "city": "EMERYVILLE", "state": "CA", "zip": "94608", "phone": "510-735-2600"}, "mail-address": {"street1": "2000 POWELL STREET, SUITE 300", "city": "EMERYVILLE", "state": "CA", "zip": "94608"}}
UNITED STATES
SECURITIES AND EXCHANGE
COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13
or 15(d) of
the Securities Exchange Act of 1934
Date of Report (date of
earliest event reported):
June 7, 2012
ZIPREALTY, INC.
(Exact name of registrant as specified in its charter)
Delaware
000-51002
94-3319956
(State or other jurisdiction of incorporation)
(Commission File Number)
(I.R.S. Employer Identification No.)
2000 Powell Street,
        Suite 300
Emeryville, CA 94608
(Address of principal
        executive offices)
(Zip Code)
Registrant's telephone number, including area code:
(510) 735-2600
Not Applicable
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction
A.2. below):
¨
Written communications pursuant to Rule 425 under the
Securities Act (17 CFR 230.425)
¨
Soliciting material pursuant to Rule 14a-12 under the
Exchange Act (17 CFR 240.14a-12)
¨
Pre-commencement communications pursuant to Rule 14d-2(b)
under the Exchange Act (17 CFR 240.14d-2(b))
¨
Pre-commencement communications pursuant to Rule 13e-4(c)
under the Exchange Act (17 CFR 240.13e-4(c))
Item 5.02
Departure of Directors or Certain Officers; Election
of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(c) As reported in the Reports on Form 8-K
filed on April 9, 2012 and May 8, 2012 by ZipRealty, Inc. (the "Company"), the Company hired Eric L. Mersch as its
Senior Vice President, Chief Financial Officer and Chief Accounting Officer effective April 9, 2012, and Franklin V. (Van) Davis
as its President, Brokerage Operations effective May 7, 2012, respectively. In connection with those hirings, on June 7, 2012,
the Compensation Committee (the "Committee") of the Board of Directors of the Company approved the grant to Mr. Mersch
of an option to purchase 250,000 shares and to Mr. Davis of an option to purchase 180,000 shares of common stock of the Company,
in each case at an exercise price equal to $1.36 per share, which was the closing price of the Company's common stock on
the NASDAQ Stock Market on the date of grant. Each option vests as to 25% on the first annual anniversary of such officer's
initial employment, with the remaining 75% of the option to vest ratably on the first date of each month thereafter for the subsequent
three-year period. Vesting will be dependent on such officer's continued service relationship with the Company and will be
subject to the terms and conditions set forth in the Company's 2004 Equity Incentive Plan and the Stock Option Award Agreement
between such officer and the Company, the forms of which are filed as Exhibit 10.3 to the Company's Registration Statement
on Form S-1(File No. 333-115657) filed with the Securities and Exchange Commission on May 20, 2004, as amended, and as
Exhibit 10.3(a) to the Company's Annual Report on Form 10-K (File No. 000-51002) filed with the Securities and Exchange
Commission on March 28, 2005, respectively.
Vesting of each option may be accelerated
pursuant to the terms of the standard Change of Control Agreement between the Company and its executives and certain other officers.
Under the Change of Control Agreement, in the event such officer's employment with the Company is terminated without cause
(as defined therein), or is constructively terminated (as defined therein), within twelve (12) months following a change of control
(as defined therein) of the Company, then 50% of the unvested shares under the option will vest on the date such officer's
employment is terminated. The foregoing summary is subject in its entirety to the provisions of the Change of Control Agreement,
the form of which is filed as Exhibit 10.4(a) to the Company's Annual Report on Form 10-K (File No. 000-51002) filed
with the Securities and Exchange Commission on March 9, 2011.
Item 5.07
Submission of Matters to a Vote of Security Holders.
On June 7, 2012, the Company held its Annual
Meeting of Stockholders. At that meeting, the following individuals were elected to the Board of Directors as continuing directors,
each to serve for a term of three (3) years:
Director
Votes For
Votes Withheld
Broker Non-votes
Charles C. (Lanny) Baker
13,474,896
138,238
4,904,464
Robert C. Kagle
13,464,194
148,940
4,904,464
Also at that meeting, the following proposal
was adopted by the margin indicated:
Proposal
Votes For
Votes Against
Votes Abstained
Ratification of appointment of Moss Adams LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2012
18,160,514
338,345
18,739
SIGNATURE
Pursuant to the requirements of the Securities
Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
ZIPREALTY, INC.
a Delaware corporation
Dated: June 11, 2012
By:
/s/ Karen B. Seto
Karen B. Seto
Vice President and Corporate Counsel