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: HONEYFIELD DAVID W (President and CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-02-23	Common Stock	A	9526	—	Acquired	38005	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	17355	Acquired	2021-02-23	Common Stock (17355)	Direct

Footnotes

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

F2: Represents 14,083 vested, unrestricted shares and 23,922 unvested, restricted shares.

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