SEC Form 4 · accession 0001140361-18-034303
ARDELYX, INC. · ARDX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Raab
Officer — President & CEO · Director
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 | Jul 26, 2018 | A | 200,000 | $0.00 | A | 299,038 | D | |
| Common StockF2,F3 | holding | — | — | — | 69,385 | I | See Footnote | |
| Common StockF4 | holding | — | — | — | 1,000 | 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)F5 | $4.30 | Jul 26, 2018 | A | 185,000 | A | — | Jul 26, 2028 | Common Stock | 185,000 | 185,000 | 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.
- F2Share totals are adjusted to reflect the transfer of 1,000 shares to trusts for the benefit of the Reporting Person's children.
- F3The shares are directly held by Michael G. Raab, Trustee of the Michael G. Raab Living Trust dated July 25, 2012.
- F4The shares are owned directly by trusts for the benefit of the Reporting Person's children.
- F5The 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.