Veris Residential, Inc. — Director's Dealing 2021

Jan 6, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MACK CALI REALTY CORP (CLI)
CIK: 0000924901
Period of Report: 2021-01-04

Reporting Person: Cardoso Ricardo (EVP & Chief Investment Officer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-01-04	Class J 2021-2022 LTIP Units	$0	A	334449	Acquired		Common Stock (334449)	Direct

Footnotes

F1: On January 4, 2021, the reporting person received a grant of Class J 2021-2022 LTIP Units (the "Class J Units") of Mack-Cali Realty, L.P. (the "Operating Partnership"). The Class J Units are a class of units of the Operating Partnership that, following the occurrence of certain events and upon vesting are convertible by the holder into an equivalent number of Common Units of the Operating Partnership ("Common Units"). Common Units of the Operating Partnership are redeemable by the holder for cash or, at the election of Mack-Cali Realty Corporation (the "Company"), shares of common stock of the Company on a one-for-one basis or the cash value of such shares.

F2: Class J Units may vest over a measurement period ending December 31, 2022 based on the attainment of certain commercial asset sales volume metrics by the Company.

F3: Reported amounts exclude the following securities directly beneficially owned by the reporting person: (i) 3,687 Class B 2016 LTIP Units; (ii) 4,449 Class D 2017 LTIP Units, (iii) 22,676 Class E 2018 LTIP Units, (iv) 11,799 Class F 2018 LTIP Units, (v) 16,353 Class G 2019 LTIP Units, (vi) 8,937 Class H 2019 LTIP Units, and (vii) 68,306 Class I 2020 LTIP Units. Subject to certain vesting conditions, all of these other classes of LTIP Units of the Operating Partnership may be converted to Common Units on a one-for-one basis.