ARDELYX, INC. — Director's Dealing 2015

Jul 16, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ARDELYX, INC. (ARDX)
CIK: 0001437402
Period of Report: 2015-07-15

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-07-15	Common Stock	M	5000	$0.54	Acquired	10000	Direct
2015-07-15	Common Stock	S	10000	$17.115	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-07-15	Stock Option (Right to Buy)	$0.54	M	5000	Disposed	2021-08-11	Common Stock (5000)	Direct

Footnotes

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

F2: This transaction was executed in multiple trades in prices ranging from $16.95 to $17.60, 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 option is fully vested and exercisable.