Clearway Capital Management Ltd. 4
4 · Intrepid Potash, Inc. · Filed Oct 20, 2020
Insider Transaction Report
Form 4
Clearway Capital Management Ltd.
10% Owner
Transactions
- Gift
Common Stock
2020-10-16−1,711,982→ 0 total(indirect: By Saratoga Asset Management, S.A.)
Footnotes (5)
- [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.