SEC Form 4 · accession 0001179110-18-008263
MACK CALI REALTY CORP · CLI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mitchell E. Rudin
Officer — Vice Chairman
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 | 75,067 | D | |
| Common StockF3 | Jun 5, 2018 | D | 1 | $23.78 | D | 75,066 | D | |
| Common StockF4 | Jun 5, 2018 | F | 29,679 | $0.00 | D | 45,387 | 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) 56,138 Class C 2017 LTIP Units of the Operating Partnership, and (v) 9,270 Class D 2017 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.
- F4On June 5, 2018, the reporting person forfeited 29,679 shares of common stock to the Company in payment of withholding taxes due with respect to the vesting of 6,830.26 Restricted Stock Units and 61,471.95 Performance Stock Units that vested on such date.