ARDELYX, INC. — Director's Dealing 2015

Jul 23, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ARDELYX, INC. (ARDX)
CIK: 0001437402
Period of Report: 2015-07-22

Reporting Person: GRAMMER ELIZABETH A (VP, General Counsel)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-07-22	Common Stock	M	2500	$1.08	Acquired	2500	Direct
2015-07-22	Common Stock	S	2500	$18.00	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-07-22	Stock Option (Right to Buy)	$1.08	M	2500	Disposed	2020-10-26	Common Stock (2500)	Direct

Footnotes

F1: Transaction made pursuant to a 10b5-1 trading plan adopted by the Reporting Person on June 15, 2015.

F2: The option is fully vested and exercisable.