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ARDELYX, INC. Director's Dealing 2014

Jun 18, 2014

32003_dirs_2014-06-18_8e35dcbe-7343-43ff-8328-91632c594609.zip

Director's Dealing

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SEC Form 3 — Initial Statement of Beneficial Ownership

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

Reporting Person: CMEA Ventures VII LP (10% Owner)
Reporting Person: CMEA VENTURES VII (PARALLEL) LP (10% Owner)

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Series A Preferred Stock $0.00 Common Stock (857595) Indirect
Series B Preferred Stock $0.00 Common Stock (2665716) Indirect
Series A Preferred Stock $0.00 Common Stock (21989) Indirect
Series B Preferred Stock $0.00 Common Stock (68351) Indirect
Series B Preferred Stock Purchase Warrant $0.09 2020-11-16 Series B Preferred Stock (131912) Indirect
Series B Preferred Stock Purchase Warrant $0.09 2021-04-14 Series B Preferred Stock (43970) Indirect
Series B Preferred Stock Purchase Warrant $0.09 2020-11-16 Series B Preferred Stock (3382) Indirect
Series B Preferred Stock Purchase Warrant $0.09 2021-04-14 Series B Preferred Stock (1127) Indirect

Footnotes

F1: Each share of Series A and Series B Preferred Stock will automatically convert on a one-to-one basis into Common Stock immediately prior to the consummation of the Issuer's initial public offering.

F2: The securities are immediately convertible or exercisable, as applicable.

F3: The expiration date is not relevant to the conversion of these securities.

F4: 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.

F5: The shares are directly held by CMEA Ventures VII, LP.

F6: The shares are directly held by CMEA Ventures (Parallel) VII, LP.

F7: The Series B Preferred Stock Purchase Warrants will be automatically exercised on a net basis into shares of Series B Preferred Stock based on the final public offering price of the Company's Common Stock immediately prior to the consummation of the Issuer's initial public offering. Such warrants cease to be exercisable following such initial public offering.