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LIGAND PHARMACEUTICALS INC Director's Dealing 2015

Apr 28, 2015

31289_dirs_2015-04-27_a953572f-6678-45f7-84af-7d2fe3de0883.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LIGAND PHARMACEUTICALS INC (LGND)
CIK: 0000886163
Period of Report: 2015-04-24

Reporting Person: Davis Todd C (Director)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2015-04-24 Common Stock A 925.0 $0.0 Acquired 35278 Direct
2015-04-24 Common Stock A 501.0 $0.0 Acquired 35779 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2015-04-24 Non-Qualified Stock Option (right to buy) $89.75 A 2754.0 Acquired 2025-04-24 Common Stock (2754) Direct

Footnotes

F1: Acquired by a grant of the Board of Directors of the Company at their annual meeting on April 24, 2015. Fully vests on the earlier of (A) the date of the next annual meeting of the Company stockholders following the grant date or (B) on the first anniversary of the date of grant.

F2: Immediately vested restricted shares issued in lieu of annual cash retainer

F3: Acquired by a grant of the Board of Directors of the Company at their annual meeting on April 24, 2015. Fully vests on the earlier of (A) the date of the next annual meeting of the Company stockholders following the grant date or (B) on the first anniversary of the date of grant.