SEC Form 4 · accession 0001179110-15-009383
MACK CALI REALTY CORP · CLI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mitchell E. Rudin
Officer — CEO
Period of report
Jun 5, 2015
Accepted (ET)
Jun 8, 2015 · 8:36 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000924901
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2 | Jun 5, 2015 | A | 18,775 | $0.00 | A | 18,775 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Stock UnitsF3,F4 | $0.00 | Jun 5, 2015 | A | 56,326 | A | Jun 5, 2018 | Jun 5, 2018 | Common Stock | 56,326 | 56,326 | D |
| Stock Options (Right to Buy)F5 | $17.31 | Jun 5, 2015 | A | 200,000 | A | — | Jun 5, 2025 | Common Stock | 200,000 | 200,000 | D |
| Stock Options (Right to Buy)F6 | $17.31 | Jun 5, 2015 | A | 200,000 | A | — | Jun 5, 2025 | Common Stock | 200,000 | 400,000 | D |
Explanation of responses
- F1On June 5, 2015 (the "Grant Date"), the reporting person was granted 18,775.27 restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of common stock of Mack-Cali realty Corporation (the "Company").
- F2The RSUs shall vest in three equal, annual installments commencing on June 5, 2016.
- F3On the Grant Date, the reporting person was granted 56,325.82 performance stock units ("PSUs"). Each PSU represents a contingent right to receive one share of the Company's common stock.
- F4The PSUs shall vest based on the degree to which a relative total shareholder return target is attained for the three year performance period commencing on the Grant Date.
- F5On the Grant Date, the reporting person was granted options to purchase 200,000 shares of the Company's common stock at an exercise price of $17.31 per share, the closing price of the Company's common stock on the New York Stock Exchange (the "NYSE") on the Grant Date. The options shall vest in three equal, annual installments commencing on June 5, 2016.
- F6On the Grant Date, the reporting person was granted options to purchase 200,000 shares of the Company's common stock at an exercise price of $17.31 per share, the closing price of the Company's common stock on the NYSE on the Grant Date. The Options shall vest subject to the closing price of the Company's common stock on the NYSE being equal to or greater than $25.00 for 30 consecutive trading days on or before June 30, 2019.