Intrepid Potash, Inc. — Director's Dealing 2010

Feb 8, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Intrepid Potash, Inc. (IPI)
CIK: 0001421461
Period of Report: 2010-02-04

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-02-04	Common Stock	A	8343	—	Acquired	36134	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-02-04	Employee stock option (right to buy)	$25.47	A	15124	Acquired	2020-02-04	Common Stock (15124)	Direct

Footnotes

F1: Grant of restricted stock which will vest in three equal annual installments beginning on February 4, 2011.

F2: Represents 13,133 unrestricted shares and 23,001 restricted unvested shares.

F3: Grant of non-qualified stock options which will vest in three equal annual installments beginning on February 4, 2011.