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INNOVATIVE INDUSTRIAL PROPERTIES INC — Director's Dealing 2021
Mar 12, 2021
31897_dirs_2021-03-12_902cadff-f822-49b5-8669-2839aa92bcac.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: INNOVATIVE INDUSTRIAL PROPERTIES INC (IIPR)
CIK: 0001677576
Period of Report: 2021-03-11
Reporting Person: HASTINGS CATHERINE (CFO and Treasurer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2021-03-11 | Common Stock | S | 1200 | $180.0101 | Disposed | 13005 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Restricted Stock Units 2020 | $0 | Common Stock (7323) | 7323 | Direct | |
| Restricted Stock Units 2021 | $0 | Common Stock (2607) | 2607 | Direct | |
| Performance Share Units 2021 | $0 | Common Stock (8496) | 8496 | Direct |
Footnotes
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: 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").
F3: 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.
F4: 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 performance period beginning January 11, 2021 and ending on December 31, 2023, and certification of such performance by the Compensation Committee following the conclusion of the performance period.