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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
886163	Ligand Pharmaceuticals Inc	LGND	Pharmaceutical Preparations (2834)	770160744

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1492386	M Nishan Desilva	11119 North Torrey Pines Road, Suite 200 La Jolla CA 92037	Vp, Finance & Strategy And Cfo	No	Yes	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2015-05-12	14,214	$14.47	36,496	No	4	M	Direct
Common Stock	Disposition	2015-05-12	14,214	$84.44	22,282	No	4	S	Direct
Common Stock	Acquisiton	2015-05-12	9,306	$21.92	31,588	No	4	M	Direct
Common Stock	Disposition	2015-05-12	9,306	$84.91	22,282	No	4	S	Direct
Common Stock	Acquisiton	2015-05-13	12,148	$21.92	34,430	No	4	M	Direct
Common Stock	Disposition	2015-05-13	12,148	$83.23	22,282	No	4	S	Direct
Common Stock	Acquisiton	2015-05-13	11,757	$14.47	34,039	No	4	M	Direct
Common Stock	Disposition	2015-05-13	11,757	$83.32	22,282	No	4	S	Direct
Common Stock	Acquisiton	2015-05-14	20,938	$74.42	43,220	No	4	M	Direct
Common Stock	Disposition	2015-05-14	20,938	$83.84	22,282	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	S	Direct
No	4	M	Direct
No	4	S	Direct
No	4	M	Direct
No	4	S	Direct
No	4	M	Direct
No	4	S	Direct
No	4	M	Direct
No	4	S	Direct

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Employee Stock Option (right to buy)	Disposition	2015-05-12	14,214	$0.00	14,214	$14.47
Common Stock	Employee Stock Option (right to buy)	Disposition	2015-05-13	11,757	$0.00	11,757	$14.47
Common Stock	Employee Stock Option (right to buy)	Disposition	2015-05-12	9,306	$0.00	9,306	$21.92
Common Stock	Employee Stock Option (right to buy)	Disposition	2015-05-13	12,148	$0.00	12,148	$21.92
Common Stock	Employee Stock Option (right to buy)	Disposition	2015-05-14	20,938	$0.00	20,938	$74.42

Remaning Holdings	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
75,786	2022-02-09	No	4	M	Direct
64,029	2022-02-09	No	4	M	Direct
35,694	2023-02-15	No	4	M	Direct
23,546	2023-02-15	No	4	M	Direct
24,062	2024-02-12	No	4	M	Direct

Footnotes

Grant to reporting person of options, exercisable over a 4-year period measured from the date of grant, 12-1/2% after six months, then 1/48th of the Option Shares per month thereafter. The date of grant is 02/09/12.
Grant to reporting person of options, exercisable over a 4-year period measured from the date of grant, 12-1/2% after six months, then 1/48th of the Option Shares per month thereafter. The date of grant is 02/15/13.
Grant to reporting person of options, exercisable over a 4-year period measured from the date of grant, 12-1/2% after six months, then 1/48th of the Option Shares per month thereafter. The date of grant is 02/12/14.