SEC Form 4 · accession 0001140361-16-083682
ARDELYX, INC. · ARDX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Reginald Seeto
Officer — Chief Operating Officer
Period of report
Oct 22, 2016
Accepted (ET)
Oct 26, 2016 · 7:10 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 StockF1 | Oct 22, 2016 | A | 113,636 | $0.00 | A | 113,636 | 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)F2 | $13.20 | Oct 22, 2016 | A | 168,918 | A | — | Oct 22, 2026 | Common Stock | 168,918 | 168,918 | D |
Explanation of responses
- F1Restricted Stock Units ("RSUs"). The reporting person is entitled to receive one (1) share of common stock for each one (1) RSU upon the vesting thereof.
- F2Twenty-five percent (25%) of the shares subject to the option vest and become exercisable on the first anniversary measured from October 22, 2016, and the remaining shares subject to the option vest and become exercisable 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.