ARDELYX, INC. — Director's Dealing 2014

Jun 19, 2014

SEC Form 3 — Initial Statement of Beneficial Ownership

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

Reporting Person: SCHULTZ PETER G (Director)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	53900	Direct
Common Stock	26949	Indirect
Common Stock	26949	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Series A Preferred Stock	$0.00		Common Stock (289141)		Direct
Series B Preferred Stock	$0.00		Common Stock (457249)		Direct
Series B Preferred Stock Purchase Warrant	$0.09	2020-11-16	Series B Preferred Stock (45602)		Direct
Series B Preferred Stock Purchase Warrant	$0.09	2021-04-14	Series B Preferred Stock (15200)		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 shares are directly held by Schultz Children's Trust Kathryn.

F3: The shares are directly held by Schultz Children's Trust Nathan.

F4: 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.

F5: The securities are immediately convertible or exercisable, as applicable.

F6: The expiration date is not relevant to the conversion of these securities.

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.