GRUSS MARTIN D 4
4 · MACK CALI REALTY CORP · Filed Jan 7, 2005
Insider Transaction Report
Form 4
GRUSS MARTIN D
Director
Transactions
- Award
Phantom Stock Units
2005-01-05$43.00/sh+212.747$9,148→ 4,667.56 totalExercise: $0.00From: 1988-08-08Exp: 1988-08-08→ Common Stock (212.747 underlying) - Other
Common Stock
2005-01-06−1,000→ 1,000 total
Footnotes (5)
- [F1]On January 6, 2005, the reporting person contributed 1,000 shares of common stock to a trust of which the reporting person is the trustee.
- [F2]The phantom stock units convert to common stock on a one-for-one basis.
- [F3]The number of phantom stock units awarded is comprised of a quarterly director's fee earned and a quarterly dividend credited on cumulative phantom stock units under the Mack-Cali Realty Corporation Deferred Compensation Plan for Directors.
- [F4]The phantom stock units were accrued under the Mack-Cali Realty Corporation Deferred Compensation Plan for Directors and are to be settled 100% in Mack-Cali Realty Corporation common stock upon the termination of the reporting person's service on the Board of Directors of Mack-Cali Realty Corporation or upon a change in control of Mack-Cali Realty Corporation.
- [F5]The ownership amounts reported exclude options to purchase 18,000 shares of common stock that are directly beneficially owned by the reporting person.