SEC Form 3
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person*
Teton Trust Co LLC as Trustee of Clearway Trust

(Last) (First) (Middle)
36 E. BROADWAY, SUITE 9-3 PO BOX 490

(Street)
JACKSON WY 83001

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
10/16/2020
3. Issuer Name and Ticker or Trading Symbol
Intrepid Potash, Inc. [ IPI ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) Other (specify below)
5. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
X Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock 1,711,982(1)(2) I By Clearway Capital Management LLC(3)(4)(5)(6)(7)
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
1. Name and Address of Reporting Person*
Teton Trust Co LLC as Trustee of Clearway Trust

(Last) (First) (Middle)
36 E. BROADWAY, SUITE 9-3 PO BOX 490

(Street)
JACKSON WY 83001

(City) (State) (Zip)
1. Name and Address of Reporting Person*
Clearway Capital Management LLC

(Last) (First) (Middle)
501 BRICKELL KEY DRIVE SUITE 602

(Street)
MIAMI FL 33131

(City) (State) (Zip)
Explanation of Responses:
1. 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 acquired by bona-fide gift from Clearway Capital Management Ltd. indirectly through Saratoga Asset Management S.A. total 1,711,982.
2. This transaction is exempt from Section 16(b) pursuant to Rule 16b-5 as it is a bona-fide gift.
3. Clearway Trust's Settlor and Beneficiaries do not have reporting obligations under Section 16 pursuant to Rule 16a-8.
4. Clearway Trust's wholly-owned entity, internally, through the Clearway Trust, transferred the shares being reported herein to Clearway Capital Management LLC and reporting of such transfer is exempt under Rule 16a-13.
5. This Form 3 is jointly filed by and on behalf of each of Teton Trust Company LLC as Trustee of Clearway Trust and Clearway Capital Management S.A. under Exchange Act Rule 16a-3. Teton Trust Company LLC is a Wyoming chartered trust company and is Trustee of Clearway Trust, a Wyoming trust which wholly-owns Clearway Capital Management LLC which directly holds all of the Common Stock Shares of the Issuer being reported in this Form 3.
6. Each of Teton Trust Company LLC as Trustee of Clearway Trust and Clearway Capital Management LLC disclaim the creation of any group by the filing of this Form 3.
7. Each of Teton Trust Company LLC as Trustee of Clearway Trust and Clearway Capital Management LLC 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.
Remarks:
***The Power of Attorneys given by each of Abbie Flaherty, Director of Teton Trust Company LLC as Trustee of Clearway Trust and Luis Oscar Merlotti, Manager of Clearway Capital Management LLC, each of which have been filed with the Commission along with Schedule 13G.
/s/ Alan Lemura, Attorney-in-Fact for Abbie Flaherty as Director of Teton Trust Company LLC as Trustee of Clearway Trust*** 10/20/2020
/s/ Alan Lemura, Attorney-in-Fact for Luis Oscar Merlotti as Manager of Clearway Capital Management LLC*** 10/20/2020
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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