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- -------- U. S. SECURITIES AND EXCHANGE COMMISSION
FORM 4 WASHINGTON, D.C. 20549
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/ / CHECK THIS BOX IF NO STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
LONGER SUBJECT TO SECTION
16. FORM 4 OR FORM 5 Filed pursuant to Section 16(a) of the Securities and Exchange Act of 1934, Section 17(a) of the
OBLIGATIONS MAY CONTINUE. Public Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940
SEE INSTRUCTION 1(b).
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1. Name and Address of Reporting Person* 2. Issuer Name and Ticker or Trading Symbol 6. Relationship of Reporting Person(s)
to Issuer (Check all applicable)
X Director 10% Owner
Mack Earle I. Mack-Cali Realty Corporation (CLI) ----- -----
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(Last) (First) (Middle) 3. IRS or Social Security 4. Statement for ----- title ----- (specify
Number of Reporting Month/Year below) below
Person (Voluntary) ----------------- ------------------
c/o Mack-Cali Realty Corporation
11 Commerce Drive 11/98
- -------------------------------------------- --------------------- 7. Individual or Joint/Group Filing
(Street) 5. If Amendment, (Check Applicable Line)
Date of Original X Form filed by One Reporting Person
(Month/Year) ---
Form filed by More than One
Cranford, New Jersey 07016 --- Reporting Person
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(City) (State) (Zip) TABLE I - NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
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1. Title of Security 2. Trans- 3. Trans- 4. Securities Acquired (A) 5. Amount of 6. Owner- 7. Nature
(Instr. 3) action action or Disposed of (D) Securities ship of In-
Date Code (Instr. 3, 4 and 5) Beneficially Form: direct
(Instr. 8) Owned at Direct Bene-
(Month/ End of (D) or ficial
Day/ ------------------------------------------- Month Indirect Owner-
Year) (Instr. 3 (I) ship
Code V Amount (A) or Price and 4) (Instr. 4) (Instr. 4)
(D)
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* If the form is filed by more than one reporting person, SEE Instruction 4(b)(v).
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
(Print or Type Responses) (Over)
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FORM 4 (CONTINUED) TABLE II - DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
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1. Title of Derivative Security 2. Conver- 3. Trans- 4. Transac- 5. Number of Deriv- 6. Date Exer-
(Instr. 3) sion or action tion Code ative Securities Ac- cisable and Ex-
Exercise Date (Instr. 8) quired (A) or Dis- piration Date
Price of (Month/ posed of (D) (Month/Day/
Deriv- Day/ (Instr. 3, 4, and 5) Year)
ative Year)
Security
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Code V (A) (D) Date Expira-
Exer- tion
cisable Date
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Units of Limited 11/25/98 J(1) (1) (1)
Partnership Interest (1)
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7. Title and Amount of Under- 8. Price 9. Number 10. Owner- 11. Nature
lying Securities of of Deriv- ship of In-
(Instr. 3 and 4) Deriv- ative Form direct
ative Securi- of De- Bene-
Secur- ties rivative ficial
ity Bene- Secu- Own-
(Instr. ficially rity: ership
5) Owned Direct (Instr. 4)
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Amount or of Indi-
Title Number of Month rect (I)
Shares (Instr. 4) (Instr. 4)
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Common (1) 734,514 D
Stock (1)
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Explanation of Responses:
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(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 its real estate activities. Beginning on December 11, 1998,
the Units are redeemable for cash, based upon the fair market value of an equivalent number of shares of Common Stock at the
time of such redemption, or, at the election of the Company, shares of Common Stock on a one-for-one basis. Prior to
November 25, 1998, 143,148 of the reporting person's 734,514 Units beneficially owned at that time were contingent and
convertible, 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
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Note: File three copies of this Form, one of which must be manually signed.
If space is insufficient, SEE Instruction 6 for procedure.
Page 2
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ordinary Units. As of November 25, 1998, the conditions had been satisfied for the conversion of 75,707 of the reporting
person's contingent Units into ordinary Units, and accordingly, 67,441 of the reporting persons Units remained contingent.
/s/ Earle I. Mack 2/10/99
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**Intentional misstatements or omissions of facts constitute **Signature of Reporting Person Date
Federal Criminal Violations. SEE 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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