MACK DAVID S 4
4 · MACK CALI REALTY CORP · Filed Jan 5, 2018
Insider Transaction Report
Form 4
MACK DAVID S
Director
Transactions
- Award
Phantom Stock Units
2018-01-03$21.57/sh+1,027.434$22,162→ 29,832.867 totalExercise: $0.00→ Common Stock (1,027.434 underlying)
Footnotes (4)
- [F1]The phantom stock units convert to common stock on a one-for-one basis.
- [F2]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.
- [F3]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.
- [F4]Reported amount excludes 1,756,947 common units of limited partnership interest of Mack-Cali Realty, L.P. ("Common Units") directly beneficially owned by the reporting person. Reported amount also excludes 200,000 Common Units held by the David and Sondra Mack Foundation (the "Foundation"), a charitable foundation of which the reporting person is a trustee. Pursuant to Rule 13d-4, the reporting person disclaims beneficial ownership of all of the Common Units held by the Foundation.