SEC Form 4 · accession 0000886163-15-000090
LIGAND PHARMACEUTICALS INC · LGND
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Todd C Davis
Director
Period of report
Aug 6, 2015
Accepted (ET)
Aug 6, 2015 · 7:49 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000886163
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Aug 6, 2015 | M | 2,500 | $17.88 | A | 38,279 | D | |
| Common Stock | Aug 6, 2015 | M | 2,500 | $8.58 | A | 40,779 | D | |
| Common Stock | Aug 6, 2015 | M | 7,335 | $10.12 | A | 48,114 | D | |
| Common Stock | Aug 6, 2015 | M | 7,335 | $12.53 | A | 55,449 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Qualified Stock Option (right to buy)F1 | $8.58 | Aug 6, 2015 | M | 2,500 | D | — | May 25, 2020 | Common Stock | 2,500 | 0 | D |
| Non-Qualified Stock Option (right to buy)F2 | $10.12 | Aug 6, 2015 | M | 7,335 | D | — | Jun 1, 2021 | Common Stock | 7,335 | 0 | D |
| Non-Qualified Stock Option (right to buy)F3 | $12.53 | Aug 6, 2015 | M | 7,335 | D | — | May 31, 2022 | Common Stock | 7,335 | 0 | D |
| Non-Qualified Stock Option (right to buy)F4 | $17.88 | Aug 6, 2015 | M | 2,500 | D | — | May 29, 2019 | Common Stock | 2,500 | 0 | D |
Explanation of responses
- F1The option becomes exercisable in twelve successive equal monthly installments upon completion of each calendar month of service beginning 5/25/10.
- F2Acquired by a grant of the Board of Directors of the Company at their annual meeting on June 01, 2011, and will fully vest on the first anniversary of the grant date.
- F3Acquired by a grant of the Board of Directors of the Company at their annual meeting on May 31, 2012, and will fully vest on the first anniversary of the grant date.
- F4The option becomes exercisable in twelve successive equal monthly installments upon completion of each calendar month of service beginning 5/29/09.