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Filing Details

Accession Number:: 0001181431-14-025055
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2014-06-26 15:14:51
Reporting Period:: 2014-06-24

Filing Date:: 2014-06-26
Accepted Time:: 2014-06-26 15:14:51
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1437402	Ardelyx Inc.	ARDX	Pharmaceutical Preparations (2834)	000000000

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
1005561	J Peter Barris	1954 Greenspring Drive Suite 600 Timonium MD 21093	No	No	Yes	No
1219855	James M Barrett	1954 Greenspring Drive Suite 600 Timonium MD 21093	No	No	Yes	No
1235112	J Patrick Kerins	1954 Greenspring Drive Suite 600 Timonium MD 21093	No	No	Yes	No
1237289	D Scott Sandell	1954 Greenspring Drive Suite 600 Timonium MD 21093	No	No	Yes	No
1270521	Kittu Krishna Kolluri	1954 Greenspring Drive Suite 600 Timonium MD 21093	No	No	Yes	No
1277631	Forest Baskett	1954 Greenspring Drive Suite 600 Timonium MD 21093	No	No	Yes	No
1302106	D Ryan Drant	1954 Greenspring Drive Suite 600 Timonium MD 21093	No	No	Yes	No
1383389	Nea 12 Gp, Llc	1954 Greenspring Drive Suite 600 Timonium MD 21093	No	No	Yes	No
1383390	Nea Partners 12, Limited Partnership	1954 Greenspring Drive Suite 600 Timonium MD 21093	No	No	Yes	No
1383391	New Enterprise Associates 12, Limited Partnership	1954 Greenspring Drive Suite 600 Timonium MD 21093	No	No	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2014-06-24	1,415,642	$0.00	1,415,642	No	4	C	Direct
Common Stock	Acquisiton	2014-06-24	4,404,887	$0.00	5,820,529	No	4	C	Direct
Common Stock	Acquisiton	2014-06-24	216,573	$0.00	6,037,102	No	4	C	Direct
Common Stock	Acquisiton	2014-06-24	72,190	$0.00	6,109,292	No	4	C	Direct
Common Stock	Acquisiton	2014-06-24	510,442	$14.00	6,619,734	No	4	P	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	C	Direct
No	4	C	Direct
No	4	C	Direct
No	4	C	Direct
No	4	P	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Series A Preferred Stock	Disposition	2014-06-24	1,415,642	$0.00	1,415,642	$0.00
Common Stock	Series B Preferred Stock	Disposition	2014-06-24	4,404,887	$0.00	4,404,887	$0.00
Series B Preferred Stock	Series B Preferred Stock Purchase Warrant	Disposition	2014-06-24	217,975	$0.00	217,975	$0.09
Common Stock	Series B Preferred Stock	Acquisiton	2014-06-24	217,975	$0.00	217,975	$0.00
Common Stock	Series B Preferred Stock	Disposition	2014-06-24	1,402	$14.00	1,402	$0.00
Common Stock	Series B Preferred Stock	Disposition	2014-06-24	216,573	$0.00	216,573	$0.00
Series B Preferred Stock	Series B Preferred Stock Purchase Warrant	Disposition	2014-06-24	72,658	$0.00	72,658	$0.09
Common Stock	Series B Preferred Stock	Acquisiton	2014-06-24	72,658	$0.00	72,658	$0.00
Common Stock	Series B Preferred Stock	Disposition	2014-06-24	468	$14.00	468	$0.00
Common Stock	Series B Preferred Stock	Disposition	2014-06-24	72,190	$0.00	72,190	$0.00

Remaning Holdings	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0		No	4	C	Direct
0		No	4	C	Direct
0	2020-11-16	No	4	X	Direct
217,975		No	4	X	Direct
216,573		No	4	J	Direct
0		No	4	C	Direct
0	2021-04-14	No	4	X	Direct
72,658		No	4	X	Direct
72,190		No	4	J	Direct
0		No	4	C	Direct

Footnotes

Each share of Series A Preferred Stock and Series B Preferred Stock automatically converted into one share of Issuer's Common Stock upon the consummation of the Issuer's initial public offering (the "IPO").
The shares are directly held by New Enterprise Associates 12, Limited Partnership ("NEA 12") and indirectly held by NEA Partners 12, Limited Partnership ("NEA Partners 12"), the sole general partner of NEA 12, NEA 12 GP, LLC ("NEA 12 GP"), the sole general partner of NEA Partners 12, and the individual managers of NEA 12 GP (NEA Partners 12, NEA 12 GP and the individual managers of NEA 12 GP together, the "NEA 12 Indirect Reporting Persons"). The individual managers of NEA 12 GP are M. James Barrett, Peter J. Barris, Forest Baskett, Ryan D. Drant, Patrick J. Kerins, Krishna "Kittu" Kolluri, and Scott D. Sandell. The NEA 12 Indirect Reporting Persons disclaim beneficial ownership within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise of such portion of the NEA 12 shares in which the NEA 12 Indirect Reporting Persons have no pecuniary interest.
The expiration date is not relevant to the conversion of these securities.
Immediately prior to the closing of the IPO, the warrants automatically net exercised by their terms into Series B Preferred Stock, which allowed the holder to pay the exercise price of the warrants by forfeiting a portion of the exercised warrant shares with a value equal to the aggregate exercise price.
These shares reflect the net exercise of the preferred stock warrant pursuant to its terms into 216,573 shares of the Issuer's Series B Preferred Stock.
These shares reflect the net exercise of the preferred stock warrant pursuant to its terms into 72,190 shares of the Issuer's Series B Preferred Stock.