UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13D

(1)

Excludes 14,736,000 shares of Common Stock of the Issuer held by Intrepid Production Corporation, which may be deemed to be beneficially owned by Harvey Operating and Production Company as a result of the relationships among Intrepid Production Corporation and Harvey Operating and Production Company described in Item 6 of this Schedule 13D. Neither the filing of this Schedule 13D nor any of its contents shall be deemed to constitute an admission by Harvey Operating and Production Company that it is the beneficial owner of any shares of Common Stock of the Issuer held by Intrepid Production Corporation.

(2)

Based on the 75,032,086 shares of Common Stock of the Issuer outstanding as of October 31, 2009, as disclosed in the Issuer’s most recent Quarterly Report on Form 10-Q.

(1)

Includes 15,136,000 shares held by Harvey Operating and Production Company that are or may be deemed to be beneficially owned by Hugh E. Harvey, Jr. Mr. Harvey is the sole shareholder, sole director and President of Harvey Operating and Production Company. Mr. Harvey was granted 17,578 shares of restricted common stock on February 25, 2009, which will vest in three equal annual installments beginning on February 25, 2010.

(2)

Excludes 14,736,000 shares of Common Stock of the Issuer held by Intrepid Production Corporation, which may be deemed to be beneficially owned by Hugh E. Harvey, Jr. as a result of the relationships among Intrepid Production Corporation and Harvey Operating and Production Company described in Item 6 of this Schedule 13D. Neither the filing of this Schedule 13D nor any of its contents shall be deemed to constitute an admission by Hugh E. Harvey, Jr. that he is the beneficial owner of any shares of Common Stock of the Issuer held by Intrepid Production Corporation.

(3)

Based on the 75,032,086 shares of Common Stock of the Issuer outstanding as of October 31, 2009, as disclosed in the Issuer’s most recent Quarterly Report on Form 10-Q.

Item 1.

Security and Issuer

This Amendment No. 4 amends the statement on Schedule 13D filed on May 5, 2008, as amended on December 16, 2008, June 8, 2009 and November 12, 2009, by Harvey Operating and Production Company, a Colorado corporation (“HOPCO”) and Hugh E. Harvey, Jr. (“HEH”) with respect to the Common Stock, par value $0.001 per share (the “Common Stock”), of Intrepid Potash, Inc., a Delaware corporation (the “Issuer”). Capitalized terms used herein without definition have the meanings assigned to them in the Schedule 13D.

Item 5.

Interest in Securities of the Issuer

Item 5 of the Schedule 13D is hereby supplemented as follows:

(a) The responses of the Reporting Persons with regard to Items 11 and 13 of the cover pages to this Amendment No. 4 that relate to the aggregate number and percentage of Common Stock beneficially owned by such Reporting Persons are herein incorporated by reference.

(b) The responses of the Reporting Persons with regard to Items 7, 8, 9 and 10 of the cover pages to this Amendment No. 4 that relate to the number of shares as to which such persons have sole power to vote or to direct the vote, shared power to vote or to direct the vote, and sole or shared power to dispose or to direct the disposition are herein incorporated by reference.

(c) The following transactions in the Common Stock were effected by the Reporting Persons in the 60 days prior to the date of this filing:

(1) On November 17, 2009, HOPCO sold 224,100 shares of Common Stock in the open market pursuant to a Rule 10b5-1 sales plan adopted on November 9, 2009 for aggregate consideration of $6,209,205.93.  The shares were sold in multiple transactions at prices ranging from $26.70 to $28.13 per share.

(2) On November 18, 2009, HOPCO sold 125,900 shares of Common Stock in the open market pursuant to a Rule 10b5-1 sales plan adopted on November 9, 2009 for aggregate consideration of $3,597,894.66.  The shares were sold in multiple transactions at prices ranging from $28.38 to $28.83 per share.

(3) On November 20, 2009, HOPCO sold 175,000 shares of Common Stock in the open market pursuant to a Rule 10b5-1 sales plan adopted on November 9, 2009 for aggregate consideration of $5,217,537.50.  The shares were sold in multiple transactions at prices ranging from $29.51 to $30.04 per share.

(4) On January 5, 2010, HOPCO sold 150,000 shares of Common Stock in the open market pursuant to a Rule 10b5-1 sales plan adopted on November 9, 2009 for aggregate consideration of $4,749,645.00.  The shares were sold in multiple transactions at prices ranging from $31.04 to $32.45 per share.

(5) On January 11, 2010, HOPCO sold 150,000 shares of Common Stock in the open market pursuant to a Rule 10b5-1 sales plan adopted on November 9, 2009 for aggregate consideration of $4,976,205.00.  The shares were sold in multiple transactions at prices ranging from $32.32 to $34.15 per share.

Item 7.

Material to be Filed as Exhibits

Exhibit 1         Joint Filing Agreement among the Reporting Persons, dated May 5, 2008.†

Exhibit 2         Powers of Attorney for the Reporting Persons, dated May 5, 2008.†

Exhibit 3         Form of Lock-Up Agreement, dated as of April 21, 2008, between the Issuer and each of the Original Stockholders, RPJ and the other directors and officers of the Issuer.*

Exhibit 4         Exchange Agreement, dated as of April 21, 2008, between the Issuer and Intrepid Mining.**

Exhibit 5         Director Designation and Voting Agreement, dated as of April 25, 2008, among the Issuer, IPC, HOPCO and PAL.***

Exhibit 6         Registration Rights Agreement, dated as of April 25, 2008, among the Issuer, IPC, HOPCO and PAL.***

Exhibit 7         Employment Agreement, dated as of April 25, 2008, between the Issuer and HEH.***

Exhibit 8         2008 Equity Incentive Plan, dated April 25, 2008.****

Exhibit 9         Sales Plan, adopted June 8, 2009, between HOPCO and J.P. Morgan Securities Inc.†

Exhibit 10       Sales Plan, adopted November 9, 2009, between HOPCO and J.P. Morgan Securities Inc.†

Exhibit 11       Powers of Attorney for the Reporting Persons, dated November 30, 2009.††

†

Previously filed.

††

Filed herewith.

*

Incorporated by reference to Exhibit A to Exhibit 10.1 to Amendment No. 3 to the Issuer’s Registration Statement on Form S-1 filed with the Commission on April 7, 2008.

**

Incorporated by reference to the Issuer’s Current Report on Form 8-K dated April 25, 2008, filed with the Commission on April 25, 2008.

***

Incorporated by reference to the Issuer’s Current Report on Form 8-K dated May 1, 2008, filed with the Commission on May 1, 2008.

****

Incorporated by reference to the Issuer’s Registration Statement on Form S-8 dated April 25, 2008, filed with the Commission on April 25, 2008.

Dated: January 21, 2010

HARVEY OPERATING AND PRODUCTION COMPANY

By:

/s/ Geoffrey T. Williams, Jr.

Name:

Geoffrey T. Williams, Jr.

Title:

Attorney-in-Fact

Dated: January 21, 2010

HUGH E. HARVEY, JR.

By:

/s/ Geoffrey T. Williams, Jr.

Name:

Geoffrey T. Williams, Jr.

Title:

Attorney-in-Fact