SEC Form 4 · accession 0000886163-16-000212
LIGAND PHARMACEUTICALS INC · LGND
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Matthew W Foehr
Officer — President and COO
Period of report
Aug 5, 2016
Accepted (ET)
Aug 9, 2016 · 4:58 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 5, 2016 | M | 12,500 | $9.97 | A | 91,412 | D | |
| Common Stock | Aug 5, 2016 | S | 12,500 | $122.14 | D | 78,912 | D | |
| Common Stock | Aug 8, 2016 | M | 4,125 | $9.97 | A | 83,037 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F1 | $9.97 | Aug 5, 2016 | M | 12,500 | D | — | Apr 18, 2021 | Common Stock | 12,500 | 70,860 | D |
| Employee Stock Option (right to buy)F1 | $9.97 | Aug 8, 2016 | M | 4,125 | D | — | Apr 18, 2021 | Common Stock | 4,125 | 66,735 | D |
Explanation of responses
- F1Grant 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.