4//SEC Filing
Cardoso Ricardo 4
Accession 0001179110-18-005838
CIK 0000924901other
Filed
Apr 23, 8:00 PM ET
Accepted
Apr 24, 4:29 PM ET
Size
10.2 KB
Accession
0001179110-18-005838
Insider Transaction Report
Form 4
Cardoso Ricardo
EVP & Chief Investment Officer
Transactions
- Award
Class E 2018 LTIP Units
2018-04-20+22,676→ 22,676 totalExercise: $0.00→ Common Stock (22,676 underlying) - Award
Class F 2018 LTIP Units
2018-04-20+11,799→ 11,799 totalExercise: $0.00→ Common Stock (11,799 underlying)
Footnotes (5)
- [F1]On April 20, 2018, the reporting person received a grant of Class E 2018 LTIP Unit (the "Class E Units") of Mack-Cali Realty, L.P. (the "Operating Partnership"). The Class E Units are a class of units of the Operating Partnership that, following the occurrence of certain events and upon vesting are convertible by the holder into an equivalent number of Common Units of the Operating Partnership ("Common Units"). Common Units of the Operating Partnership are redeemable by the holder for cash or, at the Company's election, shares of common stock of the Company on a one-for-one basis or the cash value of such shares.
- [F2]Fifty percent (50%) of the Class E Units may vest over a three to five year period based on the attainment of absolute total stockholder return ("TSR") metrics by the Company over a three year performance period. The remaining fifty percent (50%) of the Class C Units may vest over a three to five year period based on the Company's TSR relative to the TSR of other equity office REITs in the NAREIT Index over the same three year performance period.
- [F3]On April 20, 2018, the reporting person received a grant of Class F 2018 LTIP Unit (the "Class F Units") of the Operating Partnership. The Class F Units are a class of units of the Operating Partnership that, following the occurrence of certain events and upon vesting are convertible by the holder into an equivalent number of Common Units. Common Units of the Operating Partnership are redeemable by the holder for cash or, at the Company's election, shares of common stock of the Company on a one-for-one basis or the cash value of such shares.
- [F4]The Class F Units vest on April 20, 2021.
- [F5]Reported amounts exclude the following securities directly beneficially owned by the reporting person: (i) 5,949 Class A 2016 LTIP Units of the Operating Partnership, (ii) 3,687 Class B 2016 LTIP Units of the Operating Partnership, (iii) 13,473 Class C 2017 LTIP Units of the Operating Partnership, and (iv) 4,449 Class D 2017 LTIP Units of the Operating Partnership. Subject to certain vesting conditions, all classes of LTIP Units of the Operating Partnership may be converted to Common Units on a one-for-one basis, which are redeemable for shares of common stock of the Company on a one-for-one basis.
Documents
Issuer
MACK CALI REALTY CORP
CIK 0000924901
Entity typeother
Related Parties
1- filerCIK 0001654120
Filing Metadata
- Form type
- 4
- Filed
- Apr 23, 8:00 PM ET
- Accepted
- Apr 24, 4:29 PM ET
- Size
- 10.2 KB