Intrepid Potash, Inc. — Director's Dealing 2018

Mar 14, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Intrepid Potash, Inc. (IPI)
CIK: 0001421461
Period of Report: 2018-03-12

Reporting Person: Jornayvaz Robert P III (Director, Exec. Chair, President & CEO, 10% Owner)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-03-12	Employee Stock Option (option to purchase)	$3.90	A	1558185	Acquired	2028-03-11	Common Stock (1558185)	Direct

Footnotes

F1: Represents a grant of non-qualified stock options. Options with respect to 934,911 of the shares will vest in three equal annual installments beginning on March 12, 2019, 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 company's common stock for 20 consecutive trading days equals or exceeds $5.85 on or before March 11, 2023. If this threshold is not met, these options will be cancelled on March 11, 2023. Options with respect to 623,274 of the shares will vest in three equal annual installments beginning on March 12, 2019, subject to the reporting person's continued employment with the company through the vesting date.