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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 3 OMB APPROVAL
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OMB NUMBER: 3235-0104
Expires: April 30, 1997
Estimated average burden
hours per response ...... 0.5
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INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
Filed pursuant to Section16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
1. Name and Address of Reporting Person
MACK EARLE I.
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(Last) (First) (Middle)
C/O MACK-CALI REALTY CORPORATION 11 COMMERCE DRIVE
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(Street)
CRANFORD, NJ 07016
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(City) (State) (Zip)
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2. Date of Event Requiring Statement (Month/Day/Year)
12/11/97
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3. IRS Number of Reporting Person (Voluntary)
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4. Issuer Name and Ticker or Trading Symbol
MACK-CALI REALTY CORPORATION (CLI)
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5. Relationship of Reporting Person to Issuer:
(Check all applicable)
X Director 10% Owner
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Officer (give Other (Specify
----- title below) ------ below)
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6. If Amendment, Date of Original (Month/Day/Year)
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7. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
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Form filed by More than One Reporting Person
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<TABLE>
<CAPTION>
Table 1 -- Non-Derivative Securities Beneficially Owned
1. Title of Security 2. Amount of Securities 3. Ownership Form: 4. Nature of Indirect Beneficial Ownership
(Instr. 4) Beneficially Owned Direct (D) or (Instr. 5)
(Instr. 4) Indirect (I)
(Instr. 5)
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<S> <C> <C> <C>
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</TABLE>
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
(Print or Type Responses)
(Over)
SEC 1473 (8-92)
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FORM 3 (continued)
<TABLE>
<CAPTION>
Table II -- Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security 2. Date Exer- 3. Title and Amount of Securities 4. Conversion 5. Ownership 6. Nature of
cisable and Underlying Derivative Security or Exercise Form of Indirect
Expiration (Instr. 4) Price of Derivative Beneficial
Date Derivative Security: Ownership
(Month Day Security Direct (D) (Instr. 5)
Year) or
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Date Expira- Amount (Instr. 5)
Exer- tion or
cisable Date Title Number
of
Shares
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<S> <C> <C> <C> <C> <C> <C> <C>
UNITS OF LIMITED
PARTNERSHIP INTEREST (1) (1) COMMON STOCK 731,969(1) D
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EARLE MACK,
UNITS OF LIMITED CHARITABLE
PARTNERSHIP INTEREST (1) (1) COMMON STOCK 39,496 I TRUST A
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EARLE MACK,
UNITS OF LIMITED 4/30/92
PARTNERSHIP INTEREST (1) (1) COMMON STOCK 23,874 I TRUST
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SERIES B PREFERRED UNITS OF
LIMITED PARTNERSHIP INTEREST (2) COMMON STOCK (2) D
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EARLE MACK,
SERIES B PREFERRED UNITS OF CHARITABLE
LIMITED PARTNERSHIP INTEREST (2) COMMON STOCK (2) I TRUST A
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EARLE MACK,
SERIES B PREFERRED UNITS OF 4/30/92
LIMITED PARTNERSHIP INTEREST (2) COMMON STOCK (2) I TRUST
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WARRANTS TO PURCHASE UNITS OF
LIMITED PARTNERSHIP INTEREST (3) COMMON STOCK 376,246(3) D
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EARLE MACK,
WARRANTS TO PURCHASE UNITS OF CHARITABLE
LIMITED PARTNERSHIP INTEREST (3) COMMON STOCK 20,290(3) I TRUST A
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EARLE MACK,
WARRANTS TO PURCHASE UNITS OF 4/30/92
LIMITED PARTNERSHIP INTEREST (3) COMMON STOCK 12,227(3) I TRUST
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DIRECTOR STOCK OPTIONS 12/12/
(RIGHT TO BUY) (4) 2007 COMMON STOCK 10,000 $38.75 D
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Explanation of Responses:
(1) The Units of Limited Partnership Interest ("Units") represent interests in Cali Reality, L.P., a
Delaware limited partnership, through which Mack-Cali Realty Corporation conducts its real
estate activities. The Units shall be redeemable on a one-for-one basis for shares of Common
Stock beginning on December 11, 1998. 423,517 of the reporting person's 731,969 Units are
contingent and will convert, in whole or in part, into ordinary Units upon the satisfaction by
December 11, 1999 of certain conditions relating to certain properties owned by Mack-Cali
Realty Corporation. Until such conversion, the contingent Units shall not be entitled to any
rights associated with the ordinary Units.
(2) The Series B Preferred Units of Limited Partnership Interest (the "Series B Preferred Units")
are immediately convertible into Units. 4,264 of the reporting person's 46,520 Series B Preferred
Units are contingent and will convert, in whole or in part, into ordinary Series B Preferred Units
upon the satisfaction by December 11, 1999 of certain conditions relating to certain properties
owned by Mack-Cali Realty Corporation. Until such conversion, the contingent Series B
Preferred Units shall not be entitled to any rights associated with the ordinary Series B Preferred
Units. Currently, the reporting person's 42,256 ordinary Series B Preferred Units are convertible
into 1,219,509 Units, the 2,536 Series B Preferred Units held by the Charitable Trust are
convertible into 73,189 Units and the 1,492 Series B Preferred Units held by the 4/30/92 Trust
are convertible into 43,059 Units. Any Units received upon conversion of Series B Preferred
Units shall be redeemable into an equal number of shares of Common Stock beginning on
December 11, 2000.
(3) The Warrants to purchase Units of Limited Partnership Interest are exercisable on a one-for-
one basis beginning on December 11, 1998 for a period of four years thereafter at a price of
$37.80 per Unit. Any Units received upon exercise of the Warrants shall be immediately
redeemable into Common Stock.
(4) The options vest on December 12, 1998.
</TABLE>
/s/ Earle I. Mack 12/22/97
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**Signature of Reporting Person Date
** Intentional misstatements or omissions of facts constitute Federal Criminal
Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If
space provided is insufficient,
See Instruction 6 for procedure.
