Sec Form 4 Filing - TURKANIS JEFFREY SCOTT @ Veris Residential, Inc. - 2022-04-18

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
TURKANIS JEFFREY SCOTT
2. Issuer Name and Ticker or Trading Symbol
Veris Residential, Inc. [ VRE]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
EVP & CHIEF INVESTMENT OFFICER
(Last) (First) (Middle)
C/O VERIS RESIDENTIAL, INC., HARBORSIDE 3, 210 HUDSON STREET
3. Date of Earliest Transaction (MM/DD/YY)
04/18/2022
(Street)
JERSEY CITY, NJ07311
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Time Vesting Restricted Stock Units 04/18/2022 A( 1 )( 2 ) 26,026 A $ 0( 1 ) 26,026 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Non-Qualified Stock Options (Right to Buy) $ 16.33( 3 ) 04/18/2022 A( 3 ) 250,000( 3 ) 04/18/2022 04/18/2028 Common Stock, $0.01 par value 250,000 $ 0 250,000 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
TURKANIS JEFFREY SCOTT
C/O VERIS RESIDENTIAL, INC.
HARBORSIDE 3, 210 HUDSON STREET
JERSEY CITY, NJ07311
EVP & CHIEF INVESTMENT OFFICER
Signatures
/s/ Jeffrey Scott Turkanis 04/19/2022
Signature of Reporting Person Date
Explanation of Responses:
( 1 )On April 18, 2022, pursuant to a Restricted Stock Unit Agreement, the Issuer granted the Reporting Person time vesting restricted stock units (each, an "RSU"). Each RSU represents a contingent right to receive one share of the Issuer's common stock, $0.01 par value per share (the "Common Stock").
( 2 )The RSUs generally vest 50% on April 18, 2023, 25% on April 18, 2024, and 25% on April 18, 2025, in each case generally subject to the Reporting Person's continued employment with the Issuer through each such date.
( 3 )On April 18, 2022, pursuant to a Stock Option Agreement, the Issuer granted the Reporting Person a stock option to purchase up to 250,000 shares (the "Option") of the Common Stock, with an exercise price of $16.33 per share. The Option shall generally vest and become exercisable in three equal installments on each of the first three anniversaries after April 18, 2022, subject to the Reporting Person's continued employment with the Issuer through each such date.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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