Page 1 of 3 -------- U.S. SECURITIES AND EXCHANGE COMMISSION FORM 4 WASHINGTON, D.C. 20549 -------- / / CHECK THIS BOX IF NO STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP LONGER SUBJECT TO SECTION 16. FORM 4 OR Filed pursuant to Section 16(a) of the Securities 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). (Print or Type Responses) ------------------------------------------------------------------------------------------------------------------------------------ 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 Reid Irvin D. Mack-Cali Realty Corporation (CLI) ---- ---- --------------------------------------------------------------------------------------------- Officer (give Other (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 05/02 11 Commerce Drive -------------------------------------------- --------------------- 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 ------------------------------------------------------------------------------------------------------------------------------------ (City) (State) (Zip) TABLE I - NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED ------------------------------------------------------------------------------------------------------------------------------------ 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) ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 5/15/02 M(1) 5,000 A $26.25 D ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 5/15/02 M(1) 5,000 A $26.31 D ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 5/15/02 M(1) 3,000 A $31.625 D ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 5/15/02 S(1) 500 D $33.52 D ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 5/15/02 S(1) 11,700 D $33.45 D ------------------------------------------------------------------------------------------------------------------------------------ * 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) Page 2 of 3 ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 5/15/02 S(1) 100 D $33.44 D ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 5/15/02 S(1) 100 D $33.43 D ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 5/15/02 S(1) 600 D $33.42 0 D ------------------------------------------------------------------------------------------------------------------------------------ * 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) Page 3 of 3 FORM 4 (CONTINUED) TABLE II - DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED (E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES) ------------------------------------------------------------------------------------------------------------------------ 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 ----------------------------------------------------------- Code V (A) (D) Date Expira- Exer- tion cisable Date ------------------------------------------------------------------------------------------------------------------------ Director Stock Option $26.25 5/15/02 M(1) 5,000 (2) 9/7/10 (Right to Buy) ------------------------------------------------------------------------------------------------------------------------ Director Stock Option $26.31 5/15/02 M(1) 5,000 (3) 5/14/11 (Right to Buy) ------------------------------------------------------------------------------------------------------------------------ Director Stock Option $31.625 5/15/02 M(1) 3,000 (4) 5/19/09 (Right to Buy) ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ 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) ------------------------------------------------------------------------------------------ Common Stock 5,000 0 D ------------------------------------------------------------------------------------------ Common Stock 5,000 0 D ------------------------------------------------------------------------------------------ Common Stock 3,000 0 D ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ Explanation of Responses: (1) The reporting person obtained and sold the Common Stock as a result of the cashless exercise of Director Stock Options. (2) On September 7, 2000, the reporting person was granted an option to purchase 5,000 shares of Common Stock. The option vested on September 7, 2001. (3) On May 14, 2001, the reporting person was granted an option to purchase 5,000 shares of Common Stock. The option vested on May 14, 2002. (4) On March 19, 1999, the reporting person was granted an option to purchase 3,000 shares of Common Stock. The option vested on March 19, 2000. ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. SEE 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). /s/ Irvin D. Reid 6/10/02 ----------------------------------- ----------- **Signature of Reporting Person Date Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, SEE Instruction 6 for procedure.