Smetana David J 4
4 · MACK CALI REALTY CORP · Filed Apr 24, 2018
Insider Transaction Report
Form 4
Smetana David J
Chief Financial Officer
Transactions
- Award
Class F 2018 LTIP Units
2018-04-20+8,850→ 8,850 totalExercise: $0.00→ Common Stock (8,850 underlying) - Award
Class E 2018 LTIP Units
2018-04-20+17,007→ 17,007 totalExercise: $0.00→ Common Stock (17,007 underlying)
Footnotes (4)
- [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.