ARDELYX INC

Ticker: ARDX CUSIP: 039697107 Class: Common Stock

STRATEGIC INVESTMENT MANAGEMENT, LLC's Holding History (CIK: 0000846633)

Note: Option positions (PUT/CALL) are excluded.

Q2 2014

Shares 8,326 Value ($000) $362 Avg Close $15.29 Range $14.05 - $16.00

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2014	8,326	$362	$15.29	$14.05 - $16.00