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FORM 4 U.S. SECURITIES AND EXCHANGE COMMISSION
- ------- Washington, D.C. 20549
/ / CHECK THIS BOX IF STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
NO LONGER SUBJECT TO
SECTION 16. FORM 4 OR Filed pursuant to Section 16(a) of the Securities and Exchange Act of 1934,
FORM 5 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)
Nussbaum Paul A. Mack-Cali Realty Corporation (CLI) X Director 10% Owner
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(Last) (First) (Middle) 3. IRS or Social Security 4. Statement for Officer (give Other
Number of Reporting Month/Year ---- title ---- (specify
Person (Voluntary) below) below)
c/o Mack-Cali Realty Corporation
11 Commerce Drive 3/99
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(Street) 5. If Amendment, 7. Individual or Joint/Group Filing
Date of Original (Check Applicable Line)
(Month/Year) X Form filed by One Reporting Person
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Cranford, New Jersey 07016 Form filed by More than One
-- 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
(Month/ (Instr. 8) Owned at Direct Bene-
Day/ End of (D) or ficial
Year) ------------------------------------------- Month Indirect Owner-
(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.
(Print or Type Responses) (Over)
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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 3/19/99 J(1) (1) (1)
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 Stock (1) 18,071 (1) 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 March 19, 1999, 1,336 of the
reporting person's 18,071 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 340 of the reporting person's
contingent Units into ordinary Units, and accordingly, 996 of the reporting
persons Units remained contingent.
* 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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/s/ Paul A. Nussbaum 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).
* 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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