SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
The following table sets forth the beneficial ownership of our common stock as of April 9, 2020 for each person or group that holds more than 5% of our common stock, for each director and named executive officer and for our directors and executive officers as a group. Each person named in the table has sole voting and investment power with respect to all of the shares of common stock shown as beneficially owned by such person, except as otherwise set forth in the footnotes to the table. Unless otherwise indicated, the address of each named person is c/o Innovative Industrial Properties, Inc., 11440 West Bernardo Court, Suite 100, San Diego, California 92127. We are not aware of any arrangements, including any pledge of our common stock, that could result in a change of control of the Company.
Name of Beneficial Owner
|
|
|
Number of Shares
Beneficially Owned
|
|
|
Percent of
All Shares(1)
|
|
Alan Gold(2)
|
|
|
|
|
377,086
|
|
|
|
|
|
2.2%
|
|
|
Paul Smithers(3)
|
|
|
|
|
40,809
|
|
|
|
|
|
*
|
|
|
Gary Kreitzer(4)
|
|
|
|
|
35,575
|
|
|
|
|
|
*
|
|
|
Catherine Hastings(5)
|
|
|
|
|
15,907
|
|
|
|
|
|
*
|
|
|
Brian Wolfe(6)
|
|
|
|
|
18,865
|
|
|
|
|
|
*
|
|
|
Scott Shoemaker(7)
|
|
|
|
|
5,560
|
|
|
|
|
|
*
|
|
|
David Stecher(8)
|
|
|
|
|
5,720
|
|
|
|
|
|
*
|
|
|
Mary Curran(9)
|
|
|
|
|
1,805
|
|
|
|
|
|
*
|
|
|
All directors and officers as a group (eight persons)
|
|
|
|
|
501,327
|
|
|
|
|
|
2.9%
|
|
|
BlackRock, Inc.(10)
|
|
|
|
|
1,961,264
|
|
|
|
|
|
11.5%
|
|
|
Vanguard Group, Inc.(11)
|
|
|
|
|
1,312,201
|
|
|
|
|
|
7.7%
|
|
|
*
less than 1%.
(1)
Based on a total of [ ] shares of our common stock outstanding as of April 9, 2020.
(2)
Includes 24,939 shares of restricted stock held by Mr. Gold directly. Also includes 67,500 shares held in irrevocable children’s trusts. Excludes 15,978 RSUs that vest ratably on each of January 1, 2021, January 1, 2022 and January 1, 2023.
(3)
Includes 11,534 shares of restricted stock held by Mr. Smithers directly. Excludes 10,653 RSUs that vest ratably on each of January 1, 2021, January 1, 2022 and January 1, 2023.
(4)
Includes 1,711 shares of restricted stock held by Mr. Kreitzer directly.
(5)
Includes 7,312 shares of restricted stock held by Ms. Hastings directly. Excludes 7,323 RSUs that vest ratably on each of January 1, 2021, January 1, 2022 and January 1, 2023.
(6)
Includes 13,969 shares of restricted stock held by Mr. Wolfe directly.
(7)
Includes 1,482 shares of restricted stock held by Mr. Shoemaker directly.
(8)
Includes 1,482 shares of restricted stock held by Mr. Stecher directly and 70 shares held by Mr. Stecher’s spouse.
(9)
Includes 1,055 shares of restricted stock held by Ms. Curran directly.
(10)
Includes shares beneficially owned by the following subsidiaries of BlackRock, Inc.: BlackRock International Limited, BlackRock Advisors, LLC, BlackRock (Netherlands) B.V., BlackRock Fund Advisors, BlackRock Institutional Trust Company, N.A., BlackRock Asset Management Ireland Limited, BlackRock Financial Management, Inc., BlackRock Japan Co., Ltd., BlackRock Asset Management Schweiz AG, BlackRock Investment Management, LLC, FutureAdvisor, Inc., BlackRock Investment Management (UK) Limited, BlackRock Asset Management Canada Limited, BlackRock Investment Management (Australia) Limited and BlackRock Fund Managers Ltd. BlackRock, Inc.’s address is 55 East 52nd Street, New York, New York 10055. The foregoing information is based on BlackRock, Inc.’s Schedule 13G/A filed with the SEC on February 4, 2020.