Intrepid Potash, Inc. — Director's Dealing 2012

May 15, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Intrepid Potash, Inc. (IPI)
CIK: 0001421461
Period of Report: 2012-05-11

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
2012-05-11	Common Stock	S	200000	$21.15	Disposed	10896000	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	45802	Direct
Common Stock	120	Indirect

Footnotes

F1: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $21.15 to $21.37, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.

F2: Mr. Jornayvaz is the sole stockholder, sole director, and President of Intrepid Production Corporation.

F3: Represents 19,611 unrestricted shares of common stock and 26,191 shares of restricted stock.

F4: Mr. Jornayvaz disclaims beneficial ownership of the shares held by his daughter.