SEC Form 4 · accession 0001140361-15-009386
Intrepid Potash, Inc. · IPI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John G Mansanti
Officer — SVP Strat. Init. & Tech. Svs.
Period of report
Feb 25, 2015
Accepted (ET)
Feb 27, 2015 · 4:21 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 StockF1 | Feb 25, 2015 | M | 1,247 | — | A | 67,539 | D | |
| Common StockF2 | Feb 25, 2015 | F | 5,573 | $14.28 | D | 61,966 | D | |
| Common StockF3,F4 | Feb 25, 2015 | A | 8,753 | $0.00 | A | 70,719 | D |
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 | 1,061 | D | — | — | Common Stock | 832 | 1,062 | D |
| Performance Units (Production)F6 | — | Feb 25, 2015 | M | 679 | D | — | — | Common Stock | 415 | 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 a grant of restricted stock that will vest in three equal annual installments beginning on February 25, 2016, subject to the reporting person's continued employment with the company through the vesting date.
- F4Represents 40,742 unrestricted shares of common stock and 29,977 shares of restricted stock.
- 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.