Shareholders in Zillow and Trulia will hold special meetings Dec. 18 to vote on the companies’ planned merger, according to an SEC regulatory filing made public today.

The merger is expected to be approved. Zillow’s meeting will take place in Seattle, and Trulia’s will take place in San Francisco.

Zillow announced in July that it had entered into a definitive agreement to acquire Trulia for $3.5 billion.

If the merger goes through, Trulia execs could acquire the stock awards that they were set to receive in a considerably shorter time period than they would have otherwise, according to a regulatory filing that will be mailed to Zillow and shareholders and Trulia stockholders in connection with the meeting.

Trulia CEO Pete Flint ($13.403 million); Chief Operating Officer Paul Levine ($11.524 million) and Chief Financial Officer Prashant Aggarwal ($11.012 million) would get the largest estimated values of “equity acceleration,” assuming that they meet the conditions applicable to their performance-based restricted stock units prior to the closing of the Trulia merger, the filing said.

The filing also indicated that Zillow founders Richard Barton and Lloyd Frink will collectively own 55 percent in the voting power of the merged company’s capital stock. This will give them the ability to elect all of its directors and “determine the outcome of most matters submitted for a vote” of its shareholders.

The FTC has been studying how a Zillow-Trulia merger could impact competition, and made second requests for information from the companies in early September. Recently, Zillow promised the FTC that it would not consummate the deal before Feb. 1, according to a regulatory filing.

Show Comments Hide Comments


Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Thank you for subscribing to Morning Headlines.
Back to top
We're giving away 3 free ICLV tickets at Connect Now next week. Register and attend live for your chance to win!REGISTER×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription