Intrepid Potash, Inc. 4
4 · Intrepid Potash, Inc. · Filed Feb 27, 2014
Insider Transaction Report
Form 4
Litt Martin D
Executive VP/General Counsel
Transactions
- Tax Payment
Common Stock
2014-02-25$14.45/sh−2,772$40,055→ 39,000 total - Award
Common Stock
2014-02-25+22,491→ 61,491 total - Exercise/Conversion
Performance Units (Production)
2014-02-25−937→ 1,875 total→ Common Stock (735 underlying) - Exercise/Conversion
Performance Units (Production)
2014-02-25−724→ 725 total→ Common Stock (443 underlying) - Exercise/Conversion
Common Stock
2014-02-25+1,178→ 41,772 total
Footnotes (6)
- [F1]Represents shares issued in settlement of vested performance units (production).
- [F2]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).
- [F3]Represents a grant of restricted stock that will vest in three equal annual installments beginning on February 25, 2015, subject to the reporting person's continued employment with the company through the vesting date.
- [F4]Represents 24,305 unrestricted shares of common stock and 37,186 shares of restricted stock.
- [F5]Based on the company's actual production results in 2013 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 78.5% of a share of company common stock, subject to the award's vesting terms. The award was originally granted on February 25, 2013, and vests 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.
- [F6]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.