Intrepid Potash, Inc. — Director's Dealing 2015

Feb 27, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Intrepid Potash, Inc. (IPI)
CIK: 0001421461
Period of Report: 2015-02-25

Reporting Person: Feist Kelvin G (SVP of Sales & Marketing)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-02-25	Common Stock	M	847	—	Acquired	26957	Direct
2015-02-25	Common Stock	F	3943	$14.28	Disposed	23014	Direct
2015-02-25	Common Stock	A	18592	—	Acquired	41606	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-02-25	Performance Units (Production)	$	M	766	Disposed		Common Stock (601)	Direct
2015-02-25	Performance Units (Production)	$	M	403	Disposed		Common Stock (246)	Direct

Footnotes

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

F2: The disposition represents the net share settlement of shares for income tax purposes upon the vesting of previously awarded restricted stock and the vesting and settlement of previously awarded performance units (production).

F3: Represents a grant of restricted stock that will vest in three equal annual installments beginning on February 25, 2016, subject to the reporting person's continued employment with the company through the vesting date.

F4: Represents 7,701 unrestricted shares of common stock and 33,905 shares of restricted stock.

F5: 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.

F6: 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 vested 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.