ARDELYX, INC. — Director's Dealing 2015

Sep 10, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ARDELYX, INC. (ARDX)
CIK: 0001437402
Period of Report: 2015-09-08

Reporting Person: RAAB MICHAEL (Director, President & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-09-08	Common Stock	S	9785	$20.2907	Disposed	70385	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1518	Direct

Footnotes

F1: Transaction made pursuant to a 10b5-1 trading plan adopted by the Reporting Person on June 18, 2015.

F2: This transaction was executed in multiple trades in prices ranging from $20.00 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.

F3: The shares are directly held by Michael G. Raab, Trustee of the Michael G. Raab Living Trust dated July 25, 2012.

F4: Consists of 1,518 shares acquired under the Issuer's Employee Stock Purchase Plan on August 31, 2015.