SEC Form 4 · accession 0001140361-16-080481
ARDELYX, INC. · ARDX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Elizabeth A Grammer
Officer — SVP, General Counsel
Period of report
Sep 19, 2016
Accepted (ET)
Sep 21, 2016 · 7:52 pm EDT
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 StockF2 | Sep 19, 2016 | M | 5,000 | $1.08 | A | 6,859 | D | |
| Common StockF3 | Sep 19, 2016 | S | 6,859 | $11.2087 | D | 0 | 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)F4 | $1.08 | Sep 19, 2016 | M | 2,500 | D | — | Oct 26, 2020 | Common Stock | 2,500 | 0 | D |
| Stock Option (Right to Buy)F4 | $1.08 | Sep 19, 2016 | M | 2,500 | D | — | Apr 15, 2021 | Common Stock | 2,500 | 2,500 | D |
Explanation of responses
- F1Transaction made pursuant to a 10b5-1 trading plan adopted by the Reporting Person on August 19, 2016.
- F2Includes an aggregate of 1,859 shares acquired under the Issuer's Employee Stock Purchase Plan on February 29, 2016.
- F3The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $11.04 to $11.26, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
- F4The option is fully vested and exercisable.