ZS Pharma (ZSPH) Form 4 ZS Pharma / D JEFFREY KEYSER ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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X

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

KEYSER D JEFFREY

(Last) (First) (Middle)

1100 PARK PLACE, SUITE 300

(Street)

SAN MATEO CA 94403

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
ZS Pharma, Inc. [ ZSPH ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
Chief Operating Officer

3. Date of Earliest Transaction (Month/Day/Year)
12/17/2015

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	12/17/2015		D		12,353(1)	D	$90	0	D
Common Stock - Tender	12/17/2015		U		216,169	D	$90	0	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Employee Stock Option (NQ) - 6/5/09	$1.0257	12/17/2015		D			35,096	06/05/2010	06/04/2019	Common Stock	35,096	$0.00	0	D
Employee Stock Option (NQ) - 1/1/12	$2.5644	12/17/2015		D			50,694	01/01/2013	12/31/2021	Common Stock	50,694	$0.00	0	D
Employee Stock Option (NQ) - 10/15/12	$2.1284	12/17/2015		D			175,481	10/15/2013	10/14/2022	Common Stock	175,481	$0.00	0	D
Employee Stock Option (NQ) - 3/1/13	$2.1284	12/17/2015		D			136,485	03/01/2014	02/28/2023	Common Stock	136,485	$0.00	0	D
Employee Stock Option (NQ) - 4/24/14	$10.9242	12/17/2015		D			41,788	04/24/2015	04/23/2024	Common Stock	41,788	$0.00	0	D
Employee Stock Option (ISO) - 4/24/14	$10.9242	12/17/2015		D			24,603	04/24/2015	04/23/2024	Common Stock	24,603	$0.00	0	D
Employee Stock Option (ISO) - 7/8/14	$27.16	12/17/2015		D			31,887	07/07/2015	07/06/2024	Common Stock	31,887	$0.00	0	D
Employee Stock Option (NQ) - 7/8/14	$27.16	12/17/2015		D			1,150	07/07/2015	07/06/2024	Common Stock	1,150	$0.00	0	D
Employee Stock Option (ISO) - 6/18/15	$55.57	12/17/2015		D			1,799	06/18/2016	06/17/2025	Common Stock	1,799	$0.00	0	D
Employee Stock Option (NQ) - 6/18/15	$55.57	12/17/2015		D			15,076	06/18/2016	06/17/2025	Common Stock	15,076	$0.00	0	D

Explanation of Responses:

1. Includes 3,000 shares in the form of restricted stock units and 199 shares acquired under the Employee Stock Purchase Plan on December 9, 2015.

Remarks:

	/s/ D. Jeffrey Keyser	12/21/2015
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
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