Form 4 for IIPR INNOVATIVE INDUSTRIAL PROPERTIES INC
Accepted 2022-01-12 00:00:00 ET · period of report 2022-01-11 · accession 0001415889-22-000501 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2022-01-12 | 2022-01-11 | IIPR | Smithers Paul E. | Pres, CEO AND Dir, Dir | A - Grant | — | +11.6K | 38.0K | +44% | — |
| D | 2022-01-12 | 2022-01-11 | IIPR | Smithers Paul E. | Pres, CEO AND Dir, Dir | A - Grant | $0.00 | +30.8K | 30.8K | New | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2022-01-11 | A | A | 11,583 | — | 38,026 | D | — | — | (F1) Represents grant of restricted stock. One-third of the shares shall be released from the forfeiture restriction on each of January 1, 2023, January 1, 2024 and January 1, 2025, provided that the reporting person continues to be a non-employee director or employee of Innovative Industrial Properties, Inc. (the "Company") on such date. |
| 2 | Derivative | Performance Share Units 2022 | 2022-01-11 | A | A | 30,792 | $0.00 | 30,792 | D | $0.00 · — to — | 30,792 Common Stock | (F2) 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 stockholder return over the performance period beginning January 11, 2022 and ending on December 31, 2024, and certification of such performance by the Compensation Committee of the Board of Directors of the Company following the conclusion of the performance period. |