Intrepid Potash, Inc. — Director's Dealing 2020

Oct 20, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Intrepid Potash, Inc. (IPI)
CIK: 0001421461
Period of Report: 2020-10-16

Reporting Person: Clearway Capital Management Ltd. (10% Owner)
Reporting Person: Saratoga Asset Management S.A. (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-10-16	Common Stock	G	1711982	—	Disposed	0	Indirect

Footnotes

F1: This transaction is exempt from Section 16(b) pursuant to Rule 16b-5 as it is a bona-fide gift ultimately to Clearway Capital Management LLC, which is wholly owned by the Clearway Trust.

F2: As of August 13, 2020, the Issuer effectuated a 10 for 1 reverse stock split of all of its common stock. As a result thereof, the amount of shares being disposed of by bona-fide gift total 1,711,982.

F3: This Form 4 is jointly filed by and on behalf of each of Clearway Capital Management Ltd. and Saratoga Asset Management S.A. under Exchange Act Rule 16a-3. Clearway Capital Management Ltd. is an Investment Fund organized and doing business under the laws of The Bahamas which wholly-owns Saratoga Asset Management S.A. which directly held all of the Common Stock Shares of the Issuer being reported in this Form 4.

F4: Each of Clearway Capital Management Ltd. and Saratoga Asset Management S.A. disclaim the creation of any group by the filing of this Form 4.

F5: Each of Clearway Capital Management Ltd. and Saratoga Asset Management S.A. disclaim beneficial ownership of the securities indicated, and the reporting herein of such securities, shall not be construed as an admission that either of the undersigned is the beneficial owner thereof for purposes of Section 16 or for any other purpose.