SEC Form 4 · accession 0001140361-16-053995
ARDELYX, INC. · ARDX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark Kaufmann
Officer — Chief Financial Officer
Period of report
Feb 16, 2016
Accepted (ET)
Feb 18, 2016 · 6:35 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 | Feb 16, 2016 | M | 5,000 | $0.54 | A | 6,282 | D | |
| Common StockF2 | Feb 16, 2016 | S | 5,000 | $10.2543 | D | 1,282 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F3 | $0.54 | Feb 16, 2016 | M | 5,000 | D | — | Aug 11, 2021 | Common Stock | 5,000 | 115,894 | D |
Explanation of responses
- F1Transaction made pursuant to a 10b5-1 trading plan adopted by the Reporting Person on November 17, 2015.
- F2This transaction was executed in multiple trades in prices ranging from $10.14 to $10.37, 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.
- F3The option is fully vested and exercisable.