Intrepid Potash, Inc. — Director's Dealing 2010

Mar 1, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Intrepid Potash, Inc. (IPI)
CIK: 0001421461
Period of Report: 2010-02-25

Reporting Person: HONEYFIELD DAVID W (Exec. VP/CFO/Treas./Sec.)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-02-25	Common Stock	F	747	$27.51	Disposed	35387	Direct
2010-02-28	Common Stock	F	765	$27.52	Disposed	34622	Direct

Footnotes

F1: The disposition represents the net share settlement of shares for income taxes upon the vesting of restricted shares on February 25, 2010.

F2: Represents 14,389 vested, unrestricted shares and 20,998 unvested, restricted shares.

F3: The disposition represents the net share settlement of shares for income taxes upon the vesting of restricted shares on February 28, 2010. The restricted shares that vested on February 28, 2010 were part of an award granted to Mr. Honeyfield in 2008 when he was hired by Intrepid in order to compensate Mr. Honeyfield for the forfeiture of certain equity awards granted by his then current employer.

F4: Represents 15,968 vested, unrestricted shares and 18,654 unvested, restricted shares.