Intrepid Potash (IPI) Form 3 Initial statement of insider ownership

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^*

Clearway Capital Management Ltd.

(Last) (First) (Middle)

WINTERBOTHAM PLACE MARLBOROUGH &

QUEEN STREETS P.O. BOX N-3026

(Street)

NASSAU C5

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
07/13/2017

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	13,699,310	I	By Saratoga Asset Management, S.A.(1)(2)(3)(4)

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^*

Clearway Capital Management Ltd.

(Last) (First) (Middle)

WINTERBOTHAM PLACE MARLBOROUGH &

QUEEN STREETS P.O. BOX N-3026

(Street)

NASSAU C5

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

Saratoga Asset Management S.A.

(Last) (First) (Middle)

2ND FLOOR HUMBOLDT TOWER 53 EAST

(Street)

PANAMA CITY R1

(City) (State) (Zip)

Explanation of Responses:

1. The 13,699,310 Common Stock shares are held directly by Saratoga Asset Management S.A., a wholly-owned subsidiary of Clearway Capital Management Ltd. Saratoga Asset Management S.A. acquired the 13,699,310 Common Stock shares through regular open-market transactions.

2. This Form 3 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 holds all of the Common Stock Shares of the Issuer being reported in this Form 3.

3. Each of Clearway Capital Management Ltd. and Saratoga Asset Management S.A. disclaim the creation of any group by the filing of this Form 3.

4. 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.

	/s/ Gonzalo Maria Avendano, Director, Clearway Capital Management Ltd.	07/24/2017
	/s/ Gonzalo Maria Avendano, Authorized Signatory, Saratoga Asset Management S.A.	07/24/2017
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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