ARDELYX, INC. — Director's Dealing 2016

Oct 27, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ARDELYX, INC. (ARDX)
CIK: 0001437402
Period of Report: 2016-10-22

Reporting Person: Seeto Reginald (Chief Operating Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-10-22	Common Stock	A	113636	$0.00	Acquired	113636	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-10-22	Stock Option (Right to Buy)	$13.20	A	168918	Acquired	2026-10-22	Common Stock (168918)	Direct

Footnotes

F1: Restricted Stock Units ("RSUs"). The reporting person is entitled to receive one (1) share of common stock for each one (1) RSU upon the vesting thereof.

F2: Twenty-five percent (25%) of the shares subject to the option vest and become exercisable on the first anniversary measured from October 22, 2016, and the remaining shares subject to the option vest and become exercisable in 36 successive, equal monthly installments thereafter, subject to the Reporting Person's continued employment or service relationship with the Issuer on each such vesting date.