LIGAND PHARMACEUTICALS INC — Director's Dealing 2016

Mar 18, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LIGAND PHARMACEUTICALS INC (LGND)
CIK: 0000886163
Period of Report: 2016-03-17

Reporting Person: FOEHR MATTHEW W (President and COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-03-17	Common Stock	M	6400.0	$9.97	Acquired	83062	Direct
2016-03-17	Common Stock	S	6400.0	$96.7	Disposed	76662	Direct
2016-03-17	Common Stock	M	2250.0	$9.97	Acquired	78912	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-03-17	Employee Stock Option (right to buy)	$9.97	M	6400.0	Disposed	2021-04-18	Common Stock (6400)	Direct
2016-03-17	Employee Stock Option (right to buy)	$9.97	M	2250.0	Disposed	2021-04-18	Common Stock (2250)	Direct

Footnotes

F1: 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 04/18/11.