Anna Malhari - 09 Jun 2021 Form 3 Insider Report for MACK CALI REALTY CORP (VRE)

Role: EVP & Chief Operating Officer
Signature: /s/ Anna Malhari
Issuer symbol: VRE
Transactions as of: 09 Jun 2021
Net transactions value: $0
Form type: 3
Filing time: 17 Jun 2021, 16:02:09 UTC
Next filing: 14 Mar 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	VRE	Time Vesting Restricted Stock Units						9,219	09 Jun 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							09 Jun 2021	Common Stock, $0.01 par value	5,695	$0.000000	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.