Robert E. Baldridge - Mar 17, 2022 Form 4 Insider Report for Intrepid Potash, Inc. (IPI)

Role
SVP - New Mexico
Signature
/s/ Matthew D. Preston, as attorney-in-fact
Stock symbol
IPI
Transactions as of
Mar 17, 2022
Transactions value $
-$1,037,310
Form type
4
Date filed
3/21/2022, 08:25 PM
Previous filing
Sep 29, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IPI Common Stock Award $0 +1.71K +11.81% $0.00 16.2K Mar 17, 2022 Direct F1
transaction IPI Common Stock Options Exercise $3.46K +3.36K +20.74% $1.03* 19.6K Mar 18, 2022 Direct
transaction IPI Common Stock Sale -$1.04M -16K -81.98% $64.89 3.53K Mar 18, 2022 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction IPI Employee Stock Option (option to purchase) Options Exercise $0 -3.36K -100% $0.00* 0 Mar 18, 2022 Common Stock 3.36K $1.03 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a grant of restricted stock. 882 of the shares will vest on March 17, 2023 (as to 33.333%), March 17, 2024 (as to 33.333%) and March 17, 2025 (as to 33.333%), if the issuer satisfies certain performance criteria for the relevant periods, subject to the reporting person's continued employment with the issuer through the vesting date. The remaining 829 of the shares will vest in three equal annual installments beginning on March 17, 2023, subject to the reporting person's continued employment with the issuer through the vesting date.
F2 The option is vested and exercisable.