MACK CALI REALTY CORP 4
4 · MACK CALI REALTY CORP · Filed Apr 6, 2017
Insider Transaction Report
Form 4
PHILIBOSIAN ALAN G
Director
Transactions
- Award
Common Stock
2017-04-04+3,337→ 17,521 total - Award
Phantom Stock Units
2017-04-05$26.96/sh+281.777$7,597→ 20,221.674 totalExercise: $0.00→ Common Stock (281.777 underlying)
Footnotes (5)
- [F1]On April 4, 2017, the reporting person was granted 3,337 restricted shares of common stock pursuant to the 2013 Incentive Stock Plan of Mack-Cali Realty Corporation and in consideration of services rendered as a member of the Board of Directors in 2016. The shares shall vest on January 1, 2018.
- [F2]Reported amount excludes 250 shares of common stock indirectly beneficially owned by the reporting person's family. Pursuant to Rule 13d-4 of the Securities Exchange Act of 1934, as amended, the reporting person disclaims beneficial ownership of the 250 shares that are indirectly beneficially owned.
- [F3]The phantom stock units convert to common stock on a one-for-one basis.
- [F4]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.
- [F5]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.