Anna Malhari - Jun 9, 2021 Form 4 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
4
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
transaction VRE Time Vesting Restricted Stock Units Award $0 +2.82K +30.62% $0.00 12K 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
transaction VRE Performance Vesting Restricted Stock Units Award $0 +5.24K $0.00 5.24K Jun 9, 2021 Common Stock, $0.01 par value 5.24K $0.00 Direct F3, F4
transaction VRE Outperformance Vesting Restricted Stock Units Award $0 +9.22K $0.00 9.22K Jun 9, 2021 Common Stock, $0.01 par value 9.22K $0.00 Direct F5, F6
transaction VRE Outperformance Vesting Restricted Stock Units Award $0 +2.82K $0.00 2.82K Jun 9, 2021 Common Stock, $0.01 par value 2.82K $0.00 Direct F7, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On June 9, 2021, the reporting person was granted time vesting restricted stock units (each, a "TVRSU"). Each 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 June 9, 2022.
F3 On June 9, 2021, the reporting person was granted performance vesting restricted stock units (each, a "PVRSU"). Each PVRSU represents 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.
F5 On April 21, 2021, the Company granted the reporting person outperformance vesting restricted stock units (each, an " April 2021 OPVRSU"). Each April 2021 OPVRSU represents represents a contingent right to receive one share of the Company's Common Stock. The April 2021 OPVRSUs were granted expressly subject to and conditioned upon (and could not be exercised, in whole or in part, until) the approval by the Company's stockholders at or before the Company's 2021 Annual Meeting of Stockholders (the "Annual Meeting") of a sufficient increase in the number of Shares available for issuance under the Company's 2013 Incentive Stock Plan to cover the April 2021 OPVRSUs, which approval was obtained at the Annual meeting on June 9, 2021.
F6 The April 2021 OPVRSUs may vest on April 20, 2024 from 0% to 100% based on the attainment of certain levels of adjusted funds from operations per share for the Company's fiscal year ending December 31, 2023.
F7 On June 9, 2021, the Company granted the reporting person outperformance vesting restricted stock units (each, a "June 2021 OPVRSU"). Each June 2021 OPVRSU represents represents a contingent right to receive one share of the Company's Common Stock.
F8 The June 2021 OPVRSUs may vest on June 8, 2024 from 0% to 100% based on the attainment of certain levels of adjusted funds from operations per share for the Company's fiscal year ending December 31, 2023.