4//SEC Filing
LITT MARTIN D 4
Accession 0001140361-13-009658
CIK 0001421461other
Filed
Feb 26, 7:00 PM ET
Accepted
Feb 27, 5:18 PM ET
Size
16.9 KB
Accession
0001140361-13-009658
Insider Transaction Report
Form 4
Litt Martin D
Executive VP/General Counsel
Transactions
- Exercise/Conversion
Performance Units (Production)
2013-02-25−724→ 1,449 total→ Common Stock (443 underlying) - Award
Common Stock
2013-02-25+11,249→ 41,968 total - Award
Performance Units (TSR)
2013-02-25+2,812→ 2,812 total→ Common Stock (2,812 underlying) - Award
Performance Units (Production)
2013-02-25+2,812→ 2,812 total→ Common Stock (2,812 underlying) - Exercise/Conversion
Common Stock
2013-02-25+443→ 32,113 total - Tax Payment
Common Stock
2013-02-25$19.26/sh−1,394$26,848→ 30,719 total
Footnotes (8)
- [F1]Represents shares issued in settlement of vested performance units (production).
- [F2]Based on the company's actual production results in 2012 as compared to pre-established goals under the award, the compensation committee of the company's board of directors has certified that each performance unit (production) represents the right to receive 61.2% of a share of company common stock, subject to the award's vesting terms. The award was originally granted on March 5, 2012, and vests in three equal annual installments beginning on February 25, 2013, subject to the reporting person's continued employment with the company through the vesting date.
- [F3]The disposition represents the net share settlement of shares for income tax purposes upon the vesting of previously awarded restricted stock and the vesting and settlement of previously awarded performance units (production).
- [F4]Represents a grant of restricted stock that will vest in three equal annual installments beginning on February 25, 2014, subject to the reporting person's continued employment with the company through the vesting date.
- [F5]Represents 15,350 unrestricted shares of common stock and 26,618 shares of restricted stock.
- [F6]Each performance unit initially represents a contingent right to receive one share of company common stock. The performance units will vest in three equal annual installments beginning on February 25, 2014, subject to the reporting person's continued employment with the company through the vesting date. Upon vesting, each performance unit will be settled in a number of shares of common stock ranging from 0% to 150% of the performance unit depending on the company's relative total shareholder return in 2013 as compared to a group of selected peer companies and an index. The performance units also vest in the event of a qualifying change of control and vest on a limited basis in the case of death or disability.
- [F7]Each performance unit initially represents a contingent right to receive one share of company common stock. The performance units will vest in three equal annual installments beginning on February 25, 2014, subject to the reporting person's continued employment with the company through the vesting date. Upon vesting, each performance unit will be settled in a number of shares of common stock ranging from 0% to 150% of the performance unit depending on the company's actual production results in 2013 as compared to pre-established goals. The performance units also vest in the event of a qualifying change of control and vest on a limited basis in the case of death or disability.
- [F8]The performance units will be forfeited upon a termination of employment for any reason other than death and disability.
Documents
Issuer
Intrepid Potash, Inc.
CIK 0001421461
Entity typeother
Related Parties
1- filerCIK 0001439719
Filing Metadata
- Form type
- 4
- Filed
- Feb 26, 7:00 PM ET
- Accepted
- Feb 27, 5:18 PM ET
- Size
- 16.9 KB