David Stecher - 18 May 2022 Form 4 Insider Report for INNOVATIVE INDUSTRIAL PROPERTIES INC (IIPR)

Role
Director
Signature
/s/ Brian J. Wolfe, Attorney-in-Fact
Issuer symbol
IIPR
Transactions as of
18 May 2022
Net transactions value
$0
Form type
4
Filing time
23 May 2022, 06:00:20 UTC
Previous filing
04 Jun 2021
Next filing
07 Jun 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IIPR Common Stock Award +1,249 +19% 7,782 18 May 2022 Direct F1
holding IIPR Common Stock 70 18 May 2022 By Spouse

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding IIPR Restricted Stock Units 2020 911 18 May 2022 Common Stock 911 $0.000000 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents grant of restricted stock. All of the shares shall be released from the forfeiture restriction on May 18, 2023, provided that the reporting person continues to be a non-employee director or employee of Innovative Industrial Properties, Inc. (the "Company") on such date.
F2 Each restricted stock unit ("RSU") represents the contingent right to receive, upon vesting of the RSU, one share of the Company's common stock.
F3 The vesting of RSUs is subject to satisfaction of the vesting conditions under the Company's Nonqualified Deferred Compensation Plan.