ARDELYX, INC. — Director's Dealing 2016

Oct 14, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ARDELYX, INC. (ARDX)
CIK: 0001437402
Period of Report: 2016-10-11

Reporting Person: Jacobs Jeffrey W (SVP, Technical Operations)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-10-11	Common Stock	M	6000	$0.54	Acquired	55525	Direct
2016-10-11	Common Stock	S	6000	$15.00	Disposed	49525	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-10-11	Stock Option (Right to Buy)	$0.54	M	6000	Disposed	2021-08-11	Common Stock (6000)	Direct

Footnotes

F1: Transaction made pursuant to a 10b5-1 trading plan adopted by the Reporting Person on December 16, 2015.

F2: Includes an aggregate of 2,105 shares acquired under the Issuer's Employee Stock Purchase Plan on February 29, 2016 and August 31, 2016.

F3: The option is fully vested and exercisable.