Intrepid Potash, Inc. — Director's Dealing 2011

Feb 25, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Intrepid Potash, Inc. (IPI)
CIK: 0001421461
Period of Report: 2011-02-23

Reporting Person: Frantz Brian D (Controller & Chief Acctg. Off.)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-02-23	Common Stock	A	735	—	Acquired	1477	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-02-23	Employee Stock Option (right to buy)	$35.69	A	1339	Acquired	2021-02-23	Common Stock (1339)	Direct

Footnotes

F1: Grant of restricted stock that will vest in three equal annual installments beginning on February 25, 2012.

F2: Represents 370 vested, unrestricted shares and 1,477 unvested, restricted shares.

F3: Grant of non-qualified stock options that will vest in three equal annual installments beginning on February 25, 2012.