scc-sch13ga_feb132014.htm
 
UNITED STATES
 
SECURITIES AND EXCHANGE COMMISSION
 
Washington, D.C. 20549
 
SCHEDULE 13G
 
Under the Securities Exchange Act of 1934
 
(Amendment No. 1)*
 
Intrepid Potash, Inc.

(Name of Issuer)
 
Common Stock

(Title of Class of Securities)
 
46121Y102

(CUSIP Number)
 
Raffaele G. Fazio, Spring Creek Capital, LLC
4111 E. 37th Street North, Wichita, KS  67220
(316) 828-5500

(Name, Address and Telephone Number of Person
 
Authorized to Receive Notices and Communications)
 
December 31, 2013

(Date of Event which Requires Filing of this Statement)
 
 
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
¨  Rule 13d-1(b)
x Rule 13d-1(c)
¨  Rule 13d-1(d)
 
 
* The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
 
The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
 

 
 

 

 
         
CUSIP No. 46121Y102
 
13G
 
Page 2 of 5 Pages
         

         
1.
 
NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
Spring Creek Capital, LLC             EIN 03-0572769
   
2.
 
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(see instructions)
(a)     ¨
(b)    x
   
3.
 
SEC USE ONLY
 
   
4.
 
CITIZENSHIP OR PLACE OF ORGANIZATION
 
State of Delaware, USA
   

         
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
 
5.
 
SOLE VOTING POWER
 
00,000
 
6.
 
SHARED VOTING POWER
 
5,200,000 shares of Common Stock
 
7.
 
SOLE DISPOSITIVE POWER
 
00,000
 
8.
 
SHARED DISPOSITIVE POWER
 
5,200,000 shares of Common Stock
 
9.
 
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
5,200,000 shares of Common Stock
   
10.
 
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(see instructions)    ¨
 
   
11.
 
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
 6.86%
   
12.
 
TYPE OF REPORTING PERSON (see instructions)
 
OO
   
         

 
 

 

 
         
CUSIP No. 46121Y102
 
13G
 
Page 3 of 5 Pages
         
 
Item 1.
 
 
(a)
Name of Issuer
Intrepid Potash, Inc.
     
 
(b)
Address of Issuer’s Principal Executive Offices
707 17th Street, Suite 4200
Denver, Colorado  80202
     
 
Item 2.
 
 
(a)
Name of Person Filing
Spring Creek Capital, LLC, a Delaware limited liability company (“Spring Creek Capital”)
     
 
(b)
Address of the Principal Office or, if none, residence
4111 E. 37th Street North
Wichita, Kansas  67220
     
 
(c)
Citizenship
See 2(a) above.
     
 
(d)
Title of Class of Securities
Common Stock
     
 
(e)
CUSIP Number
46121Y102
     
 
Item 3.  If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
 
 
(a)
¨
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).
       
 
(b)
¨
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
       
 
(c)
¨
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).
       
 
(d)
¨
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).
       
 
(e)
¨
An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);
       
 
(f)
¨
An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);
       
 
(g)
¨
A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G);
       
 
(h)
¨
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
       
 
(i)
¨
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
       
 
(j)
¨
Group, in accordance with §240.13d-1(b)(1)(ii)(J).
 
Item 4.  Ownership.
 
Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.
 
         
 
(a)
 
Amount beneficially owned:   5,200,000 shares of Common Stock.  Spring Creek Capital’s ultimate controlling person is Koch Industries, Inc., a Kansas corporation.
         
 
 
 
 

 
         
         
 
(b)
 
Percent of class: Approximately 6.86% of the Common Stock.
         
 
(c)
 
Number of shares as to which the person has:
         
     
(i)
Sole power to vote or to direct the vote: None.
         
     
(ii)
Shared power to vote or to direct the vote 5,200,000 shares of Common Stock
         
     
(iii)
Sole power to dispose or to direct the disposition of: None
         
     
(iv)
Shared power to dispose or to direct the disposition of 5,200,000 shares of Common Stock
         
Instruction. For computations regarding securities which represent a right to acquire an underlying security see §240.13d-3(d)(1).
 
Item 5.  Ownership of Five Percent or Less of a Class.
 
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following     ¨.
 
Instruction. Dissolution of a group requires a response to this item.
 
Item 6.  Ownership of More than Five Percent on Behalf of Another Person.
 
 Inapplicable
 
Item 7.  Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company.
 
  Spring Creek Capital, LLC
 
Item 8.  Identification and Classification of Members of the Group.
 
  Inapplicable
 
Item 9.  Notice of Dissolution of Group.
 
  Inapplicable
 
Item 10.  Certification.
 
         
 
(a)
 
The following certification shall be included if the statement is filed pursuant to §240.13d-1(b):
         
     
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.
 
         
 
(b)
 
The following certification shall be included if the statement is filed pursuant to §240.13d-1(c):
         
     
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.
 

 
 

 
 

         
CUSIP No. 46121Y102
 
13G
 
Page 5 of 5 Pages
         
 
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
 
     
   
02/13/2014
   
Date
     
     
   
/s/ Brian Taylor
   
Signature
     
     
   
Brian Taylor, President
   
Name/Title