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

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):

(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.

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:

Also at that meeting, the following proposal was adopted by the margin indicated:

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.