Anna Malhari - Jun 9, 2021 Form 3 Insider Report for MACK CALI REALTY CORP (VRE)

Role: EVP & Chief Operating Officer
Signature: /s/ Anna Malhari
Stock symbol: VRE
Transactions as of: Jun 9, 2021
Transactions value $: $0
Form type: 3
Date filed: 6/17/2021, 04:02 PM
Next filing: Mar 14, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	VRE	Time Vesting Restricted Stock Units						9.22K	Jun 9, 2021	Direct	F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	VRE	Performance Vesting Restricted Stock Units							Jun 9, 2021	Common Stock, $0.01 par value	5.7K	$0.00	Direct	F3, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each time vesting restricted stock units (each, a "TVRSU") represents a contingent right to receive one share of common stock, $0.01 par value (the "Common Stock"), of Mack-Cali Realty Corporation (the "Company").
F2	The TVRSUs vest in three equal annual installments beginning April 21, 2022.
F3	Each performance vesting restricted stock units (each, a "PVRSU") represents a contingent right to receive one share of Common Stock.
F4	Seventy-five percent (75%) of the PVRSUs may vest over a three year period based on the attainment of absolute total stockholder return ("TSR") metrics by the Company over a three year performance period. The remaining twenty-five percent (25%) of the PVRSUs may vest over a three year period based on the Company's TSR relative to the TSR of a select group of twenty-four (24) peer REITs over the same three year performance period.