LIGAND PHARMACEUTICALS INC

Ticker: LGND CUSIP: 53220K504 Class: Common Stock

SCOPIA CAPITAL MANAGEMENT LP's Holding History (CIK: 0001279150)

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

Q2 2017

Shares 728,563 Value ($000) $88,448 Avg Close $69.95 Range $63.98 - $77.62

Q1 2017

Shares 1,163,832 Value ($000) $123,180 Avg Close $65.79 Range $59.31 - $68.75

Q4 2016

Shares 520,448 Value ($000) $52,883 Avg Close $63.11 Range $54.59 - $69.14

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2017	728,563	$88,448	$69.95	$63.98 - $77.62
Q1 2017	1,163,832	$123,180	$65.79	$59.31 - $68.75
Q4 2016	520,448	$52,883	$63.11	$54.59 - $69.14