SEC Form 4 · accession 0001140361-18-034302
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
Jul 26, 2018
Accepted (ET)
Jul 30, 2018 · 7:50 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 | 151,386 | 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 | $4.30 | Jul 26, 2018 | A | 54,730 | A | — | Jul 26, 2028 | Common Stock | 54,730 | 54,730 | 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.
- F2Includes (i) an aggregate of 2,708 shares acquired under the Issuer's Employee Stock Purchase Plan on August 31, 2017 and February 28, 2018, and (ii) 90 shares which were inadvertently omitted from the Reporting Person's Form 4 filed on August 11, 2017.
- F3The 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.