LIGAND PHARMACEUTICALS INC

Ticker: LGND CUSIP: 53220K504 Class: Common Stock

HBK INVESTMENTS L P's Holding History (CIK: 0001011443)

Note: Option positions (PUT/CALL) are excluded.

Q3 2014

Shares 35,400 Value ($000) $1,663 Avg Close $33.19 Range $28.90 - $40.96

Q2 2014

Shares 4,191 Value ($000) $261 Avg Close $40.58 Range $34.87 - $44.57

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2014	35,400	$1,663	$33.19	$28.90 - $40.96
Q2 2014	4,191	$261	$40.58	$34.87 - $44.57