GANTCHER NATHAN 4
4 · MACK CALI REALTY CORP · Filed Jun 14, 2019
Insider Transaction Report
Form 4
GANTCHER NATHAN
Director
Transactions
- Disposition to Issuer
Common Stock
2019-06-12$14.80/sh−0.613$9→ 121,926 total - Exercise/Conversion
Phantom Stock Units
2019-06-12−45,462.613→ 0 totalExercise: $0.00→ Common Stock (45,462.613 underlying) - Exercise/Conversion
Common Stock
2019-06-12+45,462.613→ 121,926.613 total
Footnotes (4)
- [F1]The reporting person obtained the shares of common stock upon the settlement of phantom stock units in connection with the reporting person's retirement from the Board of Directors of Mack-Cali Realty Corporation (the "Corporation"). The phantom stock units convert to shares of the Corporation's common stock, par value $0.01 per share (the "Common Stock"), on a one-for-one basis.
- [F2]The reported amount does not include 2,500 shares of Common Stock held by a family trust and 27,500 shares of Common Stock held by a family limited partnership over which the reporting person possesses sole or shared dispositive or voting power. Pursuant to Rule 13d-4, the reporting person disclaims beneficial ownership of the shares owned by such trust and partnership.
- [F3]Represents the cash-out of 0.613 fractional shares of Common Stock issued upon the settlement of 45,462.613 phantom stock units for 45,462 shares of Common Stock.
- [F4]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.