SEC Form 4 · accession 0001179110-18-008262
MACK CALI REALTY CORP · CLI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael J. DeMarco
Officer — Chief Executive Officer · Director
Period of report
Jun 5, 2018
Accepted (ET)
Jun 7, 2018 · 6:47 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 |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jun 5, 2018 | M | 61,472 | $0.00 | A | 81,324 | D | |
| Common StockF3 | Jun 5, 2018 | D | 1 | $23.78 | D | 81,323 | 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 UnitsF1,F2 | $0.00 | Jun 5, 2018 | M | 61,472 | D | Jun 5, 2018 | Jun 5, 2018 | Common Stock | 61,472 | 0 | D |
Explanation of responses
- F1On June 5, 2018, 61,471.95 Performance Stock Units vested for the reporting person and were converted to 61,471.95 shares of common stock of Mack-Cali Realty Corporation (the "Company").
- F2Reported amounts exclude the following securities directly beneficially owned by the reporting person: (i) options to purchase 400,000 shares of the Company's common stock, (ii) 118,989 Class A 2016 LTIP Units of Mack-Cali Realty, L.P. (the "Operating Partnership"), (iii) 23,041 Class B 2016 LTIP Units of the Operating Partnership, (iv) 196,482 Class C 2017 LTIP Units of the Operating Partnership, (v) 32,443 Class D 2017 LTIP Units of the Operating Partnership, (vi) 340,136 Class E 2018 LTIP Units of the Operating Partnership, and (vii) 58,997 Class F 2018 LTIP Units of the Operating Partnership. Subject to certain vesting conditions, all classes of LTIP Units of the Operating Partnership may be converted to Common Units on a one-for-one basis, which are redeemable for shares of common stock of the Company on a one-for-one basis.
- F3In connection with 6,830.26 Restricted Stock Units and 61,471.95 Performance Stock Units that vested for the reporting person on June 5, 2018, $23.78 was paid to the reporting person in respect of the aggregate of 1.21 fractional shares that vested.