Intrepid Potash, Inc. — Director's Dealing 2014

Feb 27, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Intrepid Potash, Inc. (IPI)
CIK: 0001421461
Period of Report: 2014-02-25

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
2014-02-25	Common Stock	M	2752	—	Acquired	75569	Direct
2014-02-25	Common Stock	A	51903	—	Acquired	127472	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-02-25	Performance Units (Production)	$	M	2163	Disposed		Common Stock (1697)	Direct
2014-02-25	Performance Units (Production)	$	M	1725	Disposed		Common Stock (1055)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	10609949	Indirect

Footnotes

F1: Represents shares issued in settlement of vested performance units (production).

F2: Represents a grant of restricted stock that will vest in three equal annual installments beginning on February 25, 2015, subject to the reporting person's continued employment with the company through the vesting date.

F3: Represents 51,361 unrestricted shares of common stock and 76,111 shares of restricted stock.

F4: Mr. Jornayvaz no longer has a reportable interest in 120 shares held by his daughter.

F5: Mr. Jornayvaz is the sole stockholder, sole director, and President of Intrepid Potash Corporation.

F6: Based on the company's actual production results in 2013 as compared to pre-established goals under the award, the compensation committee of the company's board of directors has certified that each performance unit (production) represents the right to receive 78.5% of a share of company common stock, subject to the award's vesting terms. The award was originally granted on February 25, 2013, and vests in three equal annual installments beginning on February 25, 2014, subject to the reporting person's continued employment with the company through the vesting date.

F7: Based on the company's actual production results in 2012 as compared to pre-established goals under the award, the compensation committee of the company's board of directors has certified that each performance unit (production) represents the right to receive 61.2% of a share of company common stock, subject to the award's vesting terms. The award was originally granted on March 5, 2012, and vests in three equal annual installments beginning on February 25, 2013, subject to the reporting person's continued employment with the company through the vesting date.