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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 5 Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
OBLIGATIONS MAY Section 17(a) of the Public Utility Holding Company Act of 1935 or
CONTINUE. SEE Section 30(f) of the Investment Company Act of 1940
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)
Director 10% Owner
Mack David S. 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
c/o Mack-Cali Realty Corporation Person (Voluntary) MEMBER OF ADVISORY BOARD
11 Commerce Drive 3/99 ------------------------
- -------------------------------------------- --------------------- 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) (A) or (Instr. 3 (I) ship
Code V Amount (D) Price and 4) (Instr. 4) (Instr. 4)
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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. (Over)
(Print or Type Responses)
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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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Date Expira-
-------------------------------------- Exer- tion
cisable Date
Code V (A) (D)
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Units of Limited Partnership 2/1/99 J(1) (1) (1)
Interest (1)
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Units of Limited Partnership 3/19/99 J(2) (2) (2)
Interest (2)
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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 Stock (1) 779,148 (1) D
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Common Stock (2) 779,148 (2) D
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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 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 February 1, 1999,
67,603 of the reporting person's 779,148 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
* 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. (Over)
(Print or Type Responses)
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by Mack-Cali Realty Corporation. Until such conversion, the contingent Units shall not be entitled to any rights
associated with the ordinary Units. As of February 1, 1999, the conditions had been satisfied for the conversion of 50,293
of the reporting person's contingent Units into ordinary Units, and accordingly, 17,310 of the reporting persons Units
remained contingent.
(3) The 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 March 19, 1999, 17,310 of the reporting person's 779,148 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 ordinary Units. As of March 19, 1999, the conditions had been satisfied for
the conversion of 999 of the reporting person's contingent Units into ordinary Units, and accordingly,
16,311 of the reporting persons Units remained contingent.
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. /s/ David S. Mack 5/10/99
SEE 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). ----------------- -------
** Signature of Date
Reporting Person
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