Intrepid Potash, Inc. 4
4 · Intrepid Potash, Inc. · Filed Feb 29, 2016
Insider Transaction Report
Form 4
Mansanti John G
Vice President of Operations
Transactions
- Exercise/Conversion
Common Stock
2016-02-25+833→ 71,552 total - Tax Payment
Common Stock
2016-02-25$2.12/sh−6,147$13,032→ 65,405 total - Exercise/Conversion
Performance Units (Production)
2016-02-25−1,062→ 0 total→ Common Stock (833 underlying)
Footnotes (4)
- [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 51,080 unrestricted shares of common stock and 14,325 shares of restricted stock.
- [F4]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.