SEC Form 4 · accession 0001104659-15-060785
LIGAND PHARMACEUTICALS INC · LGND
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David M Knott
Director
Period of report
Aug 17, 2015
Accepted (ET)
Aug 19, 2015 · 6:00 am 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 17, 2015 | S | 4,000 | $95.9843 | D | 66,152 | D | |
| Common StockF1,F3 | holding | — | — | — | 969,300 | I | By Knott Partners, L.P. | |
| Common StockF1,F3 | holding | — | — | — | 196,186 | I | By Shoshone Partners, L.P. | |
| Common StockF1,F3 | holding | — | — | — | 30,771 | I | By Knott Partners Offshore Master Fund, L.P. | |
| Common StockF2,F3 | holding | — | — | — | 1,666 | I | By Managed Account C | |
| Common StockF2,F3 | holding | — | — | — | 1,843 | I | By immediate family member |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The Reporting Person is the managing member of Knott Partners Management, LLC, which is (a) the sole general partner of Shoshone Partners, L.P., and Knott Partners Offshore Master Fund, L.P. and (b) the managing general partner of Knott Partners, L.P. The Reporting Person is also a general partner of Knott Partners, L.P.
- F2The Reporting Person is the sole director and the president of Dorset Management Corporation, which provides investment management services to separate institutional managed accounts (each, a "Managed Account"), and (b) the spouse of the immediate family member (the "Spouse").
- F3As a result of the Reporting Person's interests in Knott Partners Management, LLC and in Dorset Management Corporation, the Reporting Person has investment discretion and control over the securities in this entry. Except with respect to those securities held by the Spouse, the Reporting Person may be deemed indirectly to beneficially own the securities in this entry as a result of a performance related fee. Except with respect to the Reporting Person's beneficial interest in Knott Partners, L.P., Knott Partners Offshore Master Fund, L.P., and Shoshone Partners, L.P., the Reporting Person disclaims beneficial ownership of the securities beneficially owned by the Managed Account, except to the extent ultimately realized. Each of Knott Partners, L.P., Knott Partners Offshore Master Fund, L.P., Shoshone Partners, L.P., the Managed Account and the Spouse disclaims beneficial ownership of securities reported as owned by any other party.