SEC Form 4 · accession 0000947871-18-000382
Intrepid Potash, Inc. · IPI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
FAIRFAX FINANCIAL HOLDINGS LTD/ CAN
10% Owner
V Prem Et Al Watsa
10% Owner
SIXTY TWO INVESTMENT CO LTD
10% Owner
FFHL GROUP LTD
10% Owner
810679 ONTARIO LTD
10% Owner
1109519 ONTARIO LTD
10% Owner
Period of report
May 1, 2018
Accepted (ET)
May 3, 2018 · 8:01 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001421461
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F4 | May 1, 2018 | S | 1,057,269 | $4.4502 | D | 15,609,398 | I | See note |
| Common StockF2,F4 | May 2, 2018 | S | 688,505 | $4.5047 | D | 14,920,893 | I | See note |
| Common StockF3,F4 | May 3, 2018 | S | 347,231 | $4.3706 | D | 14,573,662 | I | See note |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The amount in this column represents 952,000 shares sold by Odyssey Reinsurance Company and 105,269 shares sold by FFHL Master Trust. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.45 to $4.49 inclusive. Upon request, the reporting persons undertake to provide the Issuer, any security holder of the Issuer, or the Securities and Exchange Commission (the "SEC") full information regarding the shares sold at each separate price within the range set forth in this footnote.
- F2The amount in this column represents 619,700 shares sold by Odyssey Reinsurance Company and 68,805 shares sold by FFHL Master Trust. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.40 to $4.65 inclusive. Upon request, the reporting persons undertake to provide the Issuer, any security holder of the Issuer, or the SEC full information regarding the shares sold at each separate price within the range set forth in this footnote.
- F3The amount in this column represents 312,500 shares sold by Odyssey Reinsurance Company and 34,731 shares sold by FFHL Master Trust. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.35 to $4.45 inclusive. Upon request, the reporting persons undertake to provide the Issuer, any security holder of the Issuer, or the SEC full information regarding the shares sold at each separate price within the range set forth in this footnote.
- F4After giving effect to the transactions reported on this Form 4, 5,615,800 shares are owned directly by Odyssey Reinsurance Company, and 7,500,000 shares are owned directly by Brit Insurance (Gibraltar) PCC Limited, each of which is an indirect subsidiary of FFHL Group Limited, which is a subsidiary of Fairfax Financial Holdings Ltd. 1,458,862 shares are owned directly by FFHL Master Trust, which is controlled by Fairfax Financial Holdings Ltd. V. Prem Watsa is the CEO and controlling person of Fairfax Financial Holdings Ltd. Each of the reporting persons disclaims beneficial ownership of the securities reported herein for purposes of Rule 16a-1(a) under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), except to the extent of its or his pecuniary interest therein, if any. This report shall not be deemed an admission that the reporting persons are beneficial owners for the purpose of Section 16 of the Exchange Act, or for any other purpose.