ARDELYX, INC. — Director's Dealing 2015

Sep 12, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ARDELYX, INC. (ARDX)
CIK: 0001437402
Period of Report: 2015-09-10

Reporting Person: Jacobs Jeffrey W (SVP, Technical Operations)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-09-10	Common Stock	M	2000	$0.54	Acquired	49420	Direct
2015-09-10	Common Stock	S	2000	$20.5925	Disposed	47420	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-09-10	Stock Option (Right to Buy)	$0.54	M	2000	Disposed	2021-08-11	Common Stock (2000)	Direct

Footnotes

F1: Transaction made pursuant to a 10b5-1 trading plan adopted by the Reporting Person on June 25, 2015.

F2: Includes 754 shares acquired under the Issuer's Employee Stock Purchase Plan on August 31, 2015.

F3: This transaction was executed in multiple trades in prices ranging from $19.83 to $20.75, inclusive. The price reported in Column 4 above reflects the weighted average sales 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.

F4: The option is fully vested and exercisable.