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Filing Details

Accession Number:: 0001179110-14-006107
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2014-04-01 16:38:49
Reporting Period:: 2014-03-28

Filing Date:: 2014-04-01
Accepted Time:: 2014-04-01 16:38:49
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
924901	Mack Cali Realty Corp	CLI	Real Estate Investment Trusts (6798)	223305147

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1032809	Barry Lefkowitz	C/O Mack-Cali Realty Corporation 343 Thornall Street Edison NJ 08837	Evp And Cfo	No	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Disposition	2014-03-28	5,000	$20.99	221,393	No	4	S	Direct
Common Stock	Disposition	2014-03-28	5,000	$21.00	216,393	No	4	S	Direct
Common Stock	Acquisiton	2014-03-31	11,457	$0.00	227,850	No	4	A	Direct
Common Stock	Disposition	2014-03-31	28,326	$0.00	199,524	No	4	F	Direct
Common Stock	Disposition	2014-03-13	1,200	$20.96	198,324	No	4	S	Direct
Common Stock	Disposition	2014-03-31	3,800	$20.88	194,524	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	S	Direct
No	4	S	Direct
No	4	A	Direct
No	4	F	Direct
No	4	S	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Phantom Stock Units	Acquisiton	2014-03-31	110	$0.00	110	$0.00
Common Stock	Phantom Stock Units	Disposition	2014-03-31	13,287	$21.30	13,287	$21.30

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
13,287	2014-03-31	1988-08-08	No	4	A	Direct
0	2014-03-31	2014-03-31	No	4	J	Direct

Footnotes

On March 31, 2014, the reporting person was awarded 11,457 shares of common stock pursuant to a Settlement and General Release entered into between Mack-Cali Realty Corporation (the "Company") and the reporting person on March 1, 2014 (the "Separation Agreement"). The shares are expected to be issued to a Rabbi Trust for the benefit of the reporting person in accordance with the terms of the Separation Agreement.
The phantom stock units shall be settled solely in cash based on the fair market value of an equal number of shares of common stock of the Company on the earliest to occur of any of the following triggering events (each, a "Triggering Event"): (a) the reporting person's death or "disability"; (b) the date of the reporting person's separation from service to the Company; and (c) the effective date of a "change in control", in each case as such terms are defined in the reporting person's employment agreement.
The phantom stock units were issued pursuant to a Multi-Year Deferred Retirement Compensation Agreement as a dividend equivalent payment for the quarterly dividend paid in January 2014 in respect of the phantom stock units previously issued on January 2, 2014 that are vesting on March 31, 2014 pursuant to the Separation Agreement.
The phantom stock units are not subject to expiration and shall become payable within 30 days after the earliest to occur of any Triggering Event.
In connection with the reporting person's resignation as an officer and employee of the Company effective March 31, 2014, all of the issued and outstanding phantom stock units automatically converted into the right to receive a cash payment of $21.30 per phantom stock unit in accordance with the terms and conditions of the Separation Agreement.
On March 31, 2014, the report person forfeited 28,326 shares of common stock to satisfy the tax withholding obligations in connection with 68,667 shares of restricted common stock that vested on such date.