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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
NUSSBAUM PAUL A.
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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)
12/22/97
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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
------- ------- --------------------------------- Indirect (I)
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 18,071(1) D
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SERIES B PREFERRED UNITS OF
LIMITED PARTNERSHIP INTEREST(2) (2) COMMON STOCK (2) D
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WARRANTS TO PURCHASE UNITS OF
LIMITED PARTNERSHIP INTEREST (3) COMMON STOCK 9,095(3) D
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DIRECTOR STOCK OPTIONS
(RIGHT TO BUY) (4) 12/12/07 COMMON STOCK 10,000 $38.75 D
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</TABLE>
Explanation of Responses:
(1) The Units of Limited Partnership Interest ("Units") represent interests in
Mack-Cali Realty, L.P., a Delaware limited partnership, through which Mack-
Cali Realty Corporation conducts it real estate activities. The Units shall
be redeemable on a one-for-one basis for shares of Common Stock beginning on
December 11, 1998. All of the reporting person's 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. 419 of the
reporting person's 957 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 538 ordinary Series B Preferred Units are convertible
into 15,527 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.
/s/ Paul A. Nussbaum 12/30/97
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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.
