Intrepid Potash, Inc. — Director's Dealing 2017

Jun 6, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Intrepid Potash, Inc. (IPI)
CIK: 0001421461
Period of Report: 2017-06-04

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
2017-06-04	Common Stock	A	641260	—	Acquired	1206650	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-06-04	Employee Stock Option (option to purchase)	$2.29	A	513698	Acquired	2027-06-03	Common Stock (513698)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	18097922	Indirect

Footnotes

F1: Represents a grant of restricted stock that will vest in three equal annual installments beginning on June 4, 2018, subject to the reporting person's continued employment with the company through the vesting date; provided, however, that, with respect to one-third of the shares, no vesting will occur unless and until the volume-weighted average closing price of the Corporation's common stock for 20 consecutive trading days equals or exceeds $3.44 on or before June 3, 2022. If this threshold is not met, one-third of the shares will be forfeited on June 3, 2022.

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

F3: Represents a grant of non-qualified stock options that will vest in three equal annual installments beginning on June 4, 2018, 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 volume-weighted average closing price of the Corporation's common stock for 20 consecutive trading days equals or exceeds $3.44 on or before June 3, 2022. If this threshold is not met, the stock option will be cancelled on June 3, 2022.