SEC Form 4 · accession 0001140361-15-009380

Intrepid Potash, Inc. · IPI

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Robert P Jornayvaz III

Officer — Exec. Chair, President & CEO · Director · 10% Owner

Period of report

Feb 25, 2015

Accepted (ET)

Feb 27, 2015 · 4:19 pm EST

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 Stock^F1	Feb 25, 2015	M	2,752	—	A	130,224	D
Common Stock^F2,F3	Feb 25, 2015	F	11,748	$14.28	D	118,476	D
Common Stock^F4	holding	—	—		—	10,609,949	I	By Intrepid Production Corporation

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Performance Units (Production)^F5	—	Feb 25, 2015	M	2,163	D	—	—	Common Stock	1,697	2,164	D
Performance Units (Production)^F6	—	Feb 25, 2015	M	1,725	D	—	—	Common Stock	1,055	0	D

Explanation of responses

F1Represents shares issued in settlement of vested performance units (production).
F2The disposition represents the net share settlement of shares for income tax purposes upon the vesting of previously awarded restricted stock and the vesting and settlement of previously awarded performance units (production).
F3Represents 75,220 unrestricted shares of common stock and 43,256 shares of restricted stock.
F4Mr. Jornayvaz is the sole stockholder, sole director, and President of Intrepid Potash Corporation.
F5Based on the company's actual production results in 2013 as compared to pre-established goals under the award, the compensation committee of the company's board of directors has certified that each performance unit (production) represents the right to receive 78.5% of a share of company common stock, subject to the award's vesting terms. The award was originally granted on February 25, 2013, and vests in three equal annual installments beginning on February 25, 2014, subject to the reporting person's continued employment with the company through the vesting date.
F6Based on the company's actual production results in 2012 as compared to pre-established goals under the award, the compensation committee of the company's board of directors has certified that each performance unit (production) represents the right to receive 61.2% of a share of company common stock, subject to the award's vesting terms. The award was originally granted on March 5, 2012, and vested in three equal annual installments beginning on February 25, 2013, subject to the reporting person's continued employment with the company through the vesting date.