INNOVATIVE INDUSTRIAL PROPERTIES INC — Director's Dealing 2021

Jan 20, 2021

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: INNOVATIVE INDUSTRIAL PROPERTIES INC (IIPR)
CIK: 0001677576
Period of Report: 2020-12-31

Reporting Person: Curran Mary A (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-04-13	Common Stock	L	10.512	$71.35	Acquired	2315.512	Direct
2020-07-13	Common Stock	L	8.787	$91.74	Acquired	2324.299	Direct
2020-10-13	Common Stock	L	10.961	$135.49	Acquired	2335.26	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Restricted stock units	$0		Common Stock (911)	911	Direct

Footnotes

F1: Shares were acquired pursuant to a broker-sponsored dividend reinvestment plan.

F2: Each restricted stock unit ("RSU") represents the contingent right to receive, upon vesting of the RSU, one share of Innovative Industrial Properties, Inc. common stock.

F3: All of the RSUs shall be released from the forfeiture restriction on June 2, 2021, provided that the reporting person continues to be a non-employee director or employee of Innovative Industrial Properties, Inc. on such date.