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: Jornayvaz Robert P III (Director, Executive Chairman of Board, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-02-23	Common Stock	A	7004	—	Acquired	20359	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	12761	Acquired	2021-02-23	Common Stock (12761)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	11521000	Indirect
Common Stock	120	Indirect

Footnotes

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

F2: Represents 4,740 vested, unrestricted shares and 20,359 unvested, restricted shares.

F3: Reporting person disclaims beneficial ownership of these shares.

F4: Grant of of non-qualified stock options that will vest in three equal annual installments beginning on February 25, 2012.