0001638599-21-000384.txt : 20210317
0001638599-21-000384.hdr.sgml : 20210317
20210317145353
ACCESSION NUMBER: 0001638599-21-000384
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20210315
FILED AS OF DATE: 20210317
DATE AS OF CHANGE: 20210317
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Smithers Paul E.
CENTRAL INDEX KEY: 0001689308
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-37949
FILM NUMBER: 21750285
MAIL ADDRESS:
STREET 1: C/O INNOVATIVE INDUSTRIAL PROPERTIES INC
STREET 2: 17190 BERNARDO CENTER DRIVE
CITY: SAN DIEGO
STATE: CA
ZIP: 92128
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: INNOVATIVE INDUSTRIAL PROPERTIES INC
CENTRAL INDEX KEY: 0001677576
STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE [6500]
IRS NUMBER: 812963381
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 1389 CENTER DRIVE
STREET 2: SUITE 200
CITY: PARK CITY
STATE: UT
ZIP: 84098
BUSINESS PHONE: (858) 997-3332
MAIL ADDRESS:
STREET 1: 1389 CENTER DRIVE
STREET 2: SUITE 200
CITY: PARK CITY
STATE: UT
ZIP: 84098
FORMER COMPANY:
FORMER CONFORMED NAME: INNOVATIVE GREENHOUSE PROPERTIES INC
DATE OF NAME CHANGE: 20160620
4
1
doc4_7164.xml
PRIMARY DOCUMENT
X0306
4
2021-03-15
0
0001677576
INNOVATIVE INDUSTRIAL PROPERTIES INC
IIPR
0001689308
Smithers Paul E.
C/O INNOVATIVE INDUSTRIAL PROPERTIES
11440 WEST BERNARDO COURT, SUITE 100
SAN DIEGO
CA
92127
1
1
0
0
President, CEO and Director
Common Stock
2021-03-15
4
S
0
2000
195.00
D
35740
D
Common Stock
2021-03-16
4
S
0
2000
199.50
D
33740
D
Restricted Stock Units 2020
0
Common Stock
10653
10653
D
Restricted Stock Units 2021
0
Common Stock
6654
6654
D
Performance Share Units 2021
0
Common Stock
21238
21238
D
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.
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").
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.
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.
/s/ Brian J. Wolfe, Attorney-in-Fact
2021-03-17