Filing Details

Accession Number:
0001638599-21-000384
Form Type:
4
Zero Holdings:
No
Publication Time:
2021-03-17 14:53:53
Reporting Period:
2021-03-15
Accepted Time:
2021-03-17 14:53:53
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1677576 Innovative Industrial Properties Inc IIPR Real Estate (6500) 812963381
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1689308 E. Paul Smithers C/O Innovative Industrial Properties
11440 West Bernardo Court, Suite 100
San Diego CA 92127
President, Ceo And Director Yes Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Disposition 2021-03-15 2,000 $195.00 35,740 No 4 S Direct
Common Stock Disposition 2021-03-16 2,000 $199.50 33,740 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Direct
No 4 S Direct
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock Restricted Stock Units 2020 $0.00 10,653 10,653 Direct
Common Stock Restricted Stock Units 2021 $0.00 6,654 6,654 Direct
Common Stock Performance Share Units 2021 $0.00 21,238 21,238 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
10,653 10,653 Direct
6,654 6,654 Direct
21,238 21,238 Direct
Footnotes
  1. 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.
  2. One-third of the RSUs shall be released from the forfeiture restriction on each of January 1, 2021, January 1, 2022 and January 1, 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").
  3. One-third of the RSUs shall be released from the forfeiture restriction on each of January 1, 2022, January 1, 2023 and January 1, 2024, 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.
  4. Each performance share unit represents the right to receive, following vesting, between 0% and 150% of one share of common stock based upon the achievement of pre-established performance metrics related to relative total shareholder return over the performance period beginning January 11, 2021 and ending on December 31, 2023, and certification of such performance by the Compensation Committee of the Board of Directors of the Company following the conclusion of the performance period.