Scott Shoemaker - 15 Sep 2021 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
15 Sep 2021
Net transactions value
-$83,880
Form type
4
Filing time
15 Sep 2021, 17:43:21 UTC
Previous filing
16 Jun 2021
Next filing
23 May 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IIPR Common Stock Sale $83,880 -360 -17% $233.00 1,700 15 Sep 2021 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
holding IIPR Restricted Stock Units 2021 883 15 Sep 2021 Common Stock 883 $0.000000 Direct F1, F2
holding IIPR Restricted Stock Units 2020 911 15 Sep 2021 Common Stock 911 $0.000000 Direct F1, F3
* 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 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 Nonqualified Deferred Compensation Plan (the "NQDC Plan").
F3 The vesting of RSUs is subject to the satisfaction of the vesting conditions under the Company's NQDC Plan.