ARDELYX, INC. — Director's Dealing 2017

Jan 24, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ARDELYX, INC. (ARDX)
CIK: 0001437402
Period of Report: 2017-01-19

Reporting Person: Kaufmann Mark (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-01-19	Common Stock	A	17985	$0.00	Acquired	21585	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-01-19	Stock Option (Right to Buy)	$13.90	A	74233	Acquired	2027-01-19	Common Stock (74233)	Direct

Footnotes

F1: Restricted stock units ("RSUs"). The Reporting Person is entitled to receive one (1) shares of Common Stock for each one (1) RSU upon the vesting thereof.

F2: Includes an aggregate of 2,318 shares acquired under the Issuer's Employee Stock Purchase Plan on February 29, 2016 and August 31, 2016.

F3: 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 19, 2017, subject to the Reporting Person's continued employment or service relationship with the Issuer on each such vesting date.