Scott Shoemaker - 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, 06:00:22 UTC
Previous filing
15 Sep 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
holding IIPR Common Stock 1,700 18 May 2022 Direct

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
transaction IIPR Restricted Stock Units 2022 Award $0 +1,249 $0.000000 1,249 18 May 2022 Common Stock 1,249 $0.000000 Direct F1, F2
holding IIPR Restricted Stock Units 2021 883 18 May 2022 Common Stock 883 $0.000000 Direct F1, F3
holding IIPR Restricted Stock Units 2020 911 18 May 2022 Common Stock $911 $0.000000 Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit ("RSU") represents the contingent right to receive, upon vesting of the RSU, one share of Innovative Industrial Properties, Inc. (the "Company") common stock.
F2 All of the RSUs 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 the Company on such date. The vesting of RSUs is subject to satisfaction of the vesting conditions under the Company's Nonqualified Deferred Compensation Plan (the "NQDC Plan").
F3 All of the RSUs shall be released from the forfeiture restriction on June 4, 2022, provided that the reporting person continues to be a non-employee director or employee of the Company on such date. The vesting of RSUs is subject to satisfaction of the vesting conditions under the Company's NQDC Plan.
F4 The vesting of RSUs is subject to the satisfaction of the vesting conditions under the Company's NQDC Plan.