Veris Residential, Inc. — Director's Dealing 2021

Apr 23, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MACK CALI REALTY CORP (CLI)
CIK: 0000924901
Period of Report: 2021-04-21

Reporting Person: Smetana David J (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-04-21	Time Vesting Restricted Stock Units	A	21512	—	Acquired	27312	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-04-21	Performance Vesting Restricted Stock Units	$0	A	39863	Acquired		Common Stock, $0.01 par value (39863)	Direct

Footnotes

F1: On April 21, 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 April 21, 2022.

F3: On April 21, 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.