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Filing Details

Accession Number:: 0000886163-15-000079
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2015-07-14 19:35:01
Reporting Period:: 2015-07-10

Filing Date:: 2015-07-14
Accepted Time:: 2015-07-14 19:35:01
SEC Url:: Form 4 Filing

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
1392266	S Charles Berkman	11119 North Torrey Pines Road, Suite 200 La Jolla CA 92037	Vp, Gen. Counsel & Secretary	No	Yes	No	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	2015-07-10	5,625	$10.05	32,079	No	4	M	Direct
Common Stock	Acquisiton	2015-07-10	8,442	$14.47	40,521	No	4	M	Direct
Common Stock	Disposition	2015-07-10	2,404	$98.15	38,117	No	4	S	Direct
Common Stock	Disposition	2015-07-10	8,838	$99.18	29,279	No	4	S	Direct
Common Stock	Disposition	2015-07-10	2,825	$99.86	26,454	No	4	S	Direct
Common Stock	Acquisiton	2015-07-13	1,000	$53.10	27,454	No	4	M	Direct

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

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Employee Stock Option (right to buy)	Disposition	2015-07-10	5,625	$0.00	5,625	$10.05
Common Stock	Employee Stock Option (right to buy)	Disposition	2015-07-13	1,000	$0.00	1,000	$53.10
Common Stock	Incentive Stock Option (right to buy)	Disposition	2015-07-10	8,442	$0.00	8,442	$14.47

Remaning Holdings	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0	2021-02-17	No	4	M	Direct
0	2015-12-08	No	4	M	Direct
4,688	2022-02-09	No	4	M	Direct

Footnotes

The sale(s) reported on this Form 4 were made pursuant to a written trading plan adopted by the Reporting Person on June 09, 2015, in accordance with Rule 10b5-1.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $97.60 to $98.53, inclusive. The reporting person undertakes to provide, upon request to the Securities Exchange Commission staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $98.66 to $99.585, inclusive. The reporting person undertakes to provide, upon request to the Securities Exchange Commission staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $99.71 to $100.20, inclusive. The reporting person undertakes to provide, upon request to the Securities Exchange Commission staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
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 02/17/11.
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 12/8/05.
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.