Mary A. Curran - Dec 31, 2022 Form 5 Insider Report for INNOVATIVE INDUSTRIAL PROPERTIES INC (IIPR)

Role
Director
Signature
/s/ Brian J. Wolfe, Attorney-in-Fact
Stock symbol
IIPR
Transactions as of
Dec 31, 2022
Transactions value $
$7,798
Form type
5
Date filed
1/25/2023, 10:40 AM
Previous filing
May 23, 2022
Next filing
May 12, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IIPR Common Stock Small acquisition under Rule 16a-6 $3.59K +16.3 +0.68% $219.47 2.41K Jan 12, 2023 By the Mary Allis Curran Trust F1, F2
transaction IIPR Common Stock Small acquisition under Rule 16a-6 $4.21K +22.4 +0.93% $187.91 2.43K Apr 12, 2023 By the Mary Allis Curran Trust F1, F2

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 2022 1.25K Dec 31, 2022 Common Stock 1.25K $0.00 Direct F3, F4
holding IIPR Restricted Stock Units 2021 883 Dec 31, 2022 Common Stock 883 $0.00 Direct F3, F5
holding IIPR Restricted Stock Units 2020 911 Dec 31, 2022 Common Stock 911 $0.00 Direct F3, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares were acquired pursuant to a broker-sponsored dividend reinvestment plan.
F2 Amount reported includes shares previously transferred by the reporting person into the Mary Allis Curran Trust.
F3 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.
F4 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").
F5 The vesting of RSUs is subject to the satisfaction of the vesting conditions under the Company's NQDC Plan.