MACK CALI REALTY CORP 4
4 · MACK CALI REALTY CORP · Filed Jul 15, 2014
Insider Transaction Report
Form 4
HERSH MITCHELL E
DirectorPresident and CEO
Transactions
- Award
Phantom Stock Units
2014-07-11+129.734→ 41,569.921 totalExercise: $0.00From: 2014-07-11Exp: 1988-08-08→ Common Stock (129.734 underlying)
Footnotes (4)
- [F1]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.
- [F2]The phantom stock units were issued pursuant to a Multi-Year Deferred Retirement Compensation Agreement pursuant to the Company's dividend paid on July 11, 1014 solely in respect of vested phantom stock units.
- [F3]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.
- [F4]The reported amount excludes 121,424 common units of limited partnership interest of Mack-Cali Realty, L.P. beneficially owned by the reporting person.