SEC Form 4 · accession 0001140361-15-010588

ARDELYX, INC. · ARDX

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — Chief Financial Officer

Period of report

Mar 3, 2015

Accepted (ET)

Mar 5, 2015 · 7:25 pm EST

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001437402

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock^F2	Mar 3, 2015	M	6,075	$0.54	A	6,671	D
Common Stock^F3,F2	Mar 3, 2015	S	6,075	$15.5963	D	596	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Stock Option (Right to Buy)^F4	$0.54	Mar 3, 2015	M	6,075	D	—	Aug 11, 2021	Common Stock	6,075	137,658	D

F1Transaction made pursuant to a 10b5-1 trading plan adopted by the Reporting Person on December 26, 2014.
F2Includes 596 shares acquired under the Issuer's Employee Stock Purchase Plan on February 27, 2015.
F3This transaction was executed in multiple trades in prices ranging from $15.48 to $16.00, inclusive. The price reported in Column 4 above reflects the weighted average sales price. The Reporting Person hereby undertakes to provide to the Securities and Exchange Commission staff, the Issuer, or a security holder of the Issuer, upon request, full information regarding the number of shares sold at each respective price within the range set forth in this footnote.
F4The option is immediately exercisable in full, but the shares subject thereto vest according to the following schedule: Twenty-five percent (25%) of the shares subject to the option vest on the first anniversary measured from September 1, 2011, and the remaining shares subject to the option vest in 36 successive, equal monthly installments thereafter, subject to the Reporting Person's continued employment or service relationship with the Issuer on each such vesting date.