ARDELYX, INC. — Director's Dealing 2015

Mar 5, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ARDELYX, INC. (ARDX)
CIK: 0001437402
Period of Report: 2015-03-02

Reporting Person: JUE GEORGE (VP, Operations)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-03-02	Common Stock	S	1500	$15.8814	Disposed	24134	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	69444	Indirect
Common Stock	4055	Indirect

Footnotes

F1: Transaction made pursuant to a 10b5-1 trading plan adopted by the Reporting Person on December 15, 2014.

F2: Represents shares acquired under the Issuer's Employee Stock Purchase Plan on February 27, 2015.

F3: This transaction was executed in multiple trades in prices ranging from $15.52 to $16.19, 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: Includes an additional 35 shares acquired under the Issuer's Employee Stock Purchase Plan on February 27, 2015, which shares were not sold as part of the transactions reported herein.

F5: The shares are directly held by George Jue and Gwendolyn Lowe Revocable Living Trust.

F6: The shares are directly held by the Reporting Person's daughter.