Nori Gerardo Lietz - Jul 2, 2021 Form 4 Insider Report for MACK CALI REALTY CORP (VRE)

Role
Director
Signature
/s/ Nori Gerardo Lietz
Stock symbol
VRE
Transactions as of
Jul 2, 2021
Transactions value $
$20,577
Form type
4
Date filed
7/7/2021, 05:02 PM
Previous filing
Jun 11, 2021
Next filing
Oct 6, 2021

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 Phantom Stock Units Award $20.6K +1.18K +14.04% $17.43 9.59K Jul 2, 2021 Common Stock, $0.01 par value 1.18K $0.00 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The phantom stock units convert to common stock on a one-for-one basis.
F2 The number of phantom stock units awarded is comprised of a quarterly director's fee earned under the Mack-Cali Realty Corporation Deferred Compensation Plan for Directors.
F3 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.