ARDELYX, INC. — Director's Dealing 2014

Jun 18, 2014

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: ARDELYX, INC. (ARDX)
CIK: 0001437402
Period of Report: 2014-06-18

Reporting Person: Jacobs Jeffrey W (Vice President, Chemistry)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	46666	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (Right to buy)	$1.08	2020-10-26	Common Stock (2472)		Direct
Stock Option (Right to buy)	$1.08	2021-02-17	Common Stock (6416)		Direct
Stock Option (Right to buy)	$0.54	2021-08-11	Common Stock (59374)		Direct

Footnotes

F1: Reflects a one-for-nine reverse split of the Issuer's stock effected immediately prior to the consummation of the Issuer's initial public offering.

F2: The option is immediately exercisable in full, but the shares subject thereto vest according to the following schedule: The shares subject to the option vest in 48 successive, equal monthly installments on each monthly anniversary of September 15, 2010, subject to the Reporting Person's continued employment or service relationship with the Issuer on each such vesting date.

F3: The option is immediately exercisable in full, but the shares subject thereto vest according to the following schedule: The shares subject to the option vest in 48 successive, equal monthly installments on each monthly anniversary of January 1, 2011, subject to the Reporting Person's continued employment or service relationship with the Issuer on each such vesting date.

F4: The option is immediately exercisable in full, but the shares subject thereto vest according to the following schedule: The shares subject to the option vest in 48 successive, equal monthly installments on each monthly anniversary of August 1, 2011, subject to the Reporting Person's continued employment or service relationship with the Issuer on each such vesting date.