ARDELYX, INC. — Director's Dealing 2016

Jan 21, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ARDELYX, INC. (ARDX)
CIK: 0001437402
Period of Report: 2016-01-15

Reporting Person: Caldwell Jeremy S (EVP, Chief Scientific Officer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-01-15	Stock Option (Right to Buy)	$10.55	A	164322	Acquired	2026-01-15	Common Stock (164322)	Direct

Footnotes

F1: The option becomes exercisable as it vests and the shares subject to the option vest in 48 successive, equal monthly installments on each monthly anniversary of January 15, 2016, subject to the Reporting Person's continued employment or service relationship with the Issuer on each such vesting date.