Sec Form 3 Filing - Teton Trust Co LLC as Trustee of Clearway Trust @ Intrepid Potash, Inc. - 2020-10-16

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FORM 3
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 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
2. Issuer Name and Ticker or Trading Symbol
Intrepid Potash, Inc. [ IPI]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director X __ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
36 E. BROADWAY, SUITE 9-3 PO BOX 490
3. Date of Earliest Transaction (MM/DD/YY)
10/16/2020
(Street)
JACKSON, WY83001
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
_____ Form filed by One Reporting Person
__ X __ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 1,711,982 ( 1 ) ( 2 ) I By Clearway Capital Management LLC ( 3 ) ( 4 ) ( 5 ) ( 6 ) ( 7 )
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Teton Trust Co LLC as Trustee of Clearway Trust
36 E. BROADWAY, SUITE 9-3 PO BOX 490
JACKSON, WY83001
X
Clearway Capital Management LLC
501 BRICKELL KEY DRIVE SUITE 602
MIAMI, FL33131
X
Signatures
/s/ Alan Lemura, Attorney-in-Fact for Abbie Flaherty as Director of Teton Trust Company LLC as Trustee of Clearway Trust*** 10/20/2020
Signature of Reporting Person Date
/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
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.

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 4(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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