HERSH MITCHELL E 4
4 · MACK CALI REALTY CORP · Filed Jan 4, 2013
Insider Transaction Report
Form 4
HERSH MITCHELL E
DirectorPresident and CEO
Transactions
- Award
Phantom Stock Units
2013-01-02+16,666.667→ 16,666.667 totalExercise: $0.00From: 2013-12-31Exp: 1988-08-08→ Common Stock (16,666.667 underlying) - Award
Common Stock
2013-01-02+210,000→ 664,639 total
Footnotes (5)
- [F1]On January 2, 2013, the reporting person was issued 210,000 restricted shares of common stock pursuant to the 2004 Incentive Stock Plan of Mack-Cali Realty Corporation. The shares may vest, subject to the attainment of annual performance goals, on January 1 each year from 2014 through 2018, in five, equal annual installments of 42,000 shares commencing on January 1, 2014.
- [F2]The phantom stock units shall be settled solely in cash based on the fair market value of an equal number of shares of common stock of Mack-Cali Realty Corporation (the "Company") on the earliest to occur of any of the following triggering events (each, a "Triggering Event"): (a) the reporting person's death or "disability"; (b) the date of the reporting person's separation from service to the Company; and (c) the effective date of a "change in control", in each case as such terms are defined in the reporting person's employment agreement.
- [F3]The phantom stock units were issued pursuant to a Multi-Year Deferred Compensation Agreement and shall vest, subject to the reporting person's continued employment with the Company, on December 31, 2013.
- [F4]The phantom stock units are not subject to expiration and shall become payable within 30 days after the earliest to occur of any Triggering Event.
- [F5]The reported amount excludes 121,424 common units of limited partnership interest of Mack-Cali Realty, L.P.