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LIGAND PHARMACEUTICALS INC Director's Dealing 2017

May 27, 2017

31289_dirs_2017-05-26_18272fb7-7567-4d97-aca3-f1221ac8a004.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: 2017-05-25

Reporting Person: Davis Todd C (Director)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2017-05-25 Common Stock A 666 $0.0 Acquired 70807 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2017-05-25 Non-Qualified Stock Option (right to buy) $113.5 A 2456 Acquired 2027-05-25 Common Stock (2456) Direct

Footnotes

F1: Acquired by a grant of the Board of Directors of the Company at their annual meeting on May 25, 2017 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: Acquired by a grant of the Board of Directors of the Company at their annual meeting on May 25, 2017. 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.