SEC Form 4 · accession 0001140361-18-034301
ARDELYX, INC. · ARDX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David P. Rosenbaum
Officer — Chief Development Officer
Period of report
Jul 26, 2018
Accepted (ET)
Jul 30, 2018 · 7:49 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,F2 | Jul 26, 2018 | A | 100,000 | $0.00 | A | 168,555 | D | |
| Common StockF1,F3,F4 | Jul 26, 2018 | A | 10,000 | $0.00 | A | 17,045 | I | See Footnote |
| Common StockF5 | holding | — | — | — | 77,592 | I | See Footnote |
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)F6 | $4.30 | Jul 26, 2018 | A | 54,730 | A | — | Jul 26, 2028 | Common Stock | 54,730 | 54,730 | D |
| Stock Option (Right to Buy)F4,F6 | $4.30 | Jul 26, 2018 | A | 8,220 | A | — | Jul 26, 2028 | Common Stock | 8,220 | 8,220 | I |
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.
- F2Includes 1,644 shares acquired under the Issuer's Employee Stock Purchase Plan (the "ESPP") on February 28, 2018.
- F3Includes 3,000 shares acquired by the Reporting Person's spouse under the ESPP on February 28, 2018.
- F4The shares are directly held by the Reporting Person's wife.
- F5The shares are directly held by David Paul Rosenbaum and Susan Edelstein Rosenbaum, Trustees of the David Paul Rosenbaum Family Trust.
- F6The option becomes exercisable as it vests and the shares subject to the option vest with respect to 1/48 of the shares subject thereto on each monthly anniversary of July 26, 2018, subject to the Reporting Person's continued employment or service relationship with the Issuer on each such vesting date.