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Intrepid Potash, Inc. — Director's Dealing 2016
Nov 10, 2016
33035_dirs_2016-11-10_13ac0038-11c0-43c2-9350-1ca81d5bad7c.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Intrepid Potash, Inc. (IPI)
CIK: 0001421461
Period of Report: 2016-11-08
Reporting Person: Jornayvaz Robert P III (Director, Exec. Chair, President & CEO, 10% Owner)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2016-11-08 | Common Stock | A | 461977 | — | Acquired | 571840 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2016-11-08 | Employee Stock Option (option to purchase) | $1.03 | A | 600000 | Acquired | 2026-11-07 | Common Stock (600000) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 11734122 | Indirect |
Footnotes
F1: Represents a grant of restricted stock that will vest in four equal annual installments beginning on November 8, 2017, subject to the reporting person's continued employment with the company through the vesting date; provided, however, that no vesting will occur unless and until the closing market price of the company's common stock equals $2.06 on 20 consecutive days on or before November 7, 2021. If this price is not met for 20 consecutive days on or before November 7, 2021, the restricted stock will be forfeited on November 7, 2021.
F2: Represents 92,562 unrestricted shares of common stock and 479,278 shares of restricted stock.
F3: Mr. Jornayvaz is the sole stockholder, sole director, and President of Intrepid Potash Corporation.
F4: Represents a grant of non-qualified stock options that will vest in four equal annual installments beginning on November 8, 2017, subject to the reporting person's continued employment with the company through the vesting date; provided, however, that no vesting will occur unless and until the closing market price of the company's common stock equals $2.06 on 20 consecutive days on or before November 7, 2021. If this price is not met for 20 consecutive days on or before November 7, 2021, the stock option will be cancelled on November 7, 2021.