ARDELYX, INC. 4
4 · ARDELYX, INC. · Filed May 5, 2015
Insider Transaction Report
Form 4
ARDELYX, INC.ARDX
Kaufmann Mark
Chief Financial Officer
Transactions
- Exercise/Conversion
Common Stock
2015-05-04$0.54/sh+9,083$4,905→ 9,679 total - Sale
Common Stock
2015-05-04$10.81/sh−9,083$98,232→ 596 total - Exercise/Conversion
Stock Option (Right to Buy)
2015-05-04−9,083→ 120,894 totalExercise: $0.54Exp: 2021-08-11→ Common Stock (9,083 underlying)
Footnotes (3)
- [F1]Transaction made pursuant to a 10b5-1 trading plan adopted by the Reporting Person on December 26, 2014.
- [F2]This transaction was executed in multiple trades in prices ranging from $10.70 to $10.97, 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.
- [F3]The option is immediately exercisable in full, but the shares subject thereto vest according to the following schedule: Twenty-five percent (25%) of the shares subject to the option vest on the first anniversary measured from September 1, 2011, and the remaining shares subject to the option vest 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.