ARDELYX, INC. — Director's Dealing 2015

Jul 29, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ARDELYX, INC. (ARDX)
CIK: 0001437402
Period of Report: 2015-07-28

Reporting Person: Jacobs Jeffrey W (Senior VP, Technical Ops)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-07-28	Common Stock	M	2500	$0.54	Acquired	49166	Direct
2015-07-28	Common Stock	S	2500	$20.00	Acquired	46666	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-07-28	Stock Option (Right to Buy)	$0.54	M	2500	Acquired	2021-08-11	Common Stock (2500)	Direct

Footnotes

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

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 August 1, 2011, subject to the Reporting Person's continued employment or service relationship with the Issuer on each such vesting date.