SEC Form 4 · accession 0001567619-18-006496
ARDELYX, INC. · ARDX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Elizabeth A Grammer
Officer — EVP, General Counsel
Period of report
Nov 13, 2018
Accepted (ET)
Nov 15, 2018 · 6:07 pm EST
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 21, 2018 | G | 1,000 | $0.00 | D | 142,743 | D | |
| Common Stock | Sep 21, 2018 | G | 1,000 | $0.00 | A | 1,000 | I | By son |
| Common Stock | Sep 21, 2018 | G | 1,000 | $0.00 | D | 141,743 | D | |
| Common Stock | Sep 21, 2018 | G | 1,000 | $0.00 | D | 140,743 | D | |
| Common StockF4 | Nov 13, 2018 | S | 6,539 | $2.84 | D | 134,204 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1This transaction involved a gift of securities by the Reporting Person to her son, who shares Reporting Person's household. The Reporting Person disclaims beneficial ownership of the shares held by her son, and this report should not be deemed an admission that the Reporting Person is the beneficial owner of her son's shares for purposes of Section 16 or for any other purpose.
- F2Includes 2,463 shares acquired under the Issuer's Employee Stock Purchase Plan on August 31, 2018.
- F3Pursuant to an automatic sell-to-cover imposed by the terms of the initial grant of the restricted stock units ("RSUs") awards, the shares were sold upon the vesting of the RSUs solely to cover applicable withholding taxes.
- F4This transaction was executed in multiple trades in prices ranging from $2.8062 to $2.84, inclusive. The price reported in Column 4 above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide to the Securities and Exchange Commission staff, the Issuer, or a security holder of the Issuer, upon request, full information regarding the number of shares sold at each respective price within the range set forth in this footnote.