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- -------- UNITED STATES SECURITIES AND EXCHANGE COMMISSION -----------------------------
FORM 4 WASHINGTON, D.C. 20549 OMB APPROVAL
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/ / CHECK THIS BOX IF NO STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OMB NUMBER: 3235-0287
LONGER SUBJECT TO EXPIRES: SEPTEMBER 30, 1998
SECTION 16. FORM 4 OR Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, ESTIMATED AVERAGE BURDEN
FORM 5 OBLIGATIONS MAY Section 17(a) of the Public Utility Holding Company Act of 1935 or HOURS PER RESPONSE .... 0.5
CONTINUE. SEE Section 30(f) of the Investment Company Act of 1940 -----------------------------
INSTRUCTION 1(b).
(Print or Type Responses)
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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 Fredric H. 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) MEMBER OF ADVISORY BOARD
c/o Mack-Cali Realty Corporation 3/99 -----------------------------------
11 Commerce Drive
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(Street) 5. If Amendment, (Check Applicable Line)
Date of Original
(Month/Year) _X_Form filed by One Reporting Person
___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 (I) ship
Code V Amount (D) Price (Instr. 3 (Instr. 4) (Instr. 4)
and 4)
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Over)
* If the form is filed by more than one reporting person, SEE Instruction 4(b)(v). SEC 1474 (7-97)
POTENTIAL PERSONS WHO ARE TO RESPOND TO THE COLLECTION OF INFORMATION
CONTAINED IN THIS FORM ARE NOT REQUIRED TO RESPOND UNLESS THE FORM
DISPLAYS A CURRENTLY VALID OMB CONTROL NUMBER.
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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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Date Expira-
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cisable Date
Code V (A) (D)
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Limits of Limited 2/1/99 J(1) (1) (1)
Partnership Interest(1)
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Limits of Limited 3/19/99 J(2) (2) (2)
Partnership 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)
at End (D) or
Amount or of Indi-
Title Number of Month rect (I)
Shares (Instr. 4) (Instr. 4)
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Common (1) 257,798 D
Stock (1)
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Common (2) 257,798 D
Stock (2)
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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, 33,447 of the reporting person's 257,798 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 February 1, 1999, the conditions had been satisfied for
the conversion of 25,398 of the reporting person's contingent Units into ordinary Units, and accordingly, 8,049 of the
reporting persons Units remained contingent.
(2) 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, 8,049 of the reporting
person's 257,798 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 328 of the reporting person's
contingent Units into ordinary Units, and accordingly, 7,721 of the reporting persons Units remained contingent.
/S/ Fredric H. Mack 5/10/99
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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).
Note: File three copies of this Form, one of which must be manually signed.
If space is insufficient, SEE Instruction 6 for procedure.
Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a currently
valid OMB Number.
Page 2
SEC 1474 (7-97)
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