LIGAND PHARMACEUTICALS INC

Ticker: LGND CUSIP: 53220K504 Class: Common Stock

CAPITAL FUND MANAGEMENT S.A.'s Holding History (CIK: 0001323645)

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

Q2 2019

Shares 2,080 Value ($000) $237 Avg Close $73.65 Range $66.20 - $81.41

Q2 2018

Shares 2,942 Value ($000) $609 Avg Close $111.59 Range $93.09 - $132.56

Q1 2018

Shares 1,760 Value ($000) $291 Avg Close $98.89 Range $85.31 - $115.28

Q1 2017

Shares 6,303 Value ($000) $667 Avg Close $65.79 Range $59.31 - $68.75

Q4 2016

Shares 16,147 Value ($000) $1,641 Avg Close $63.11 Range $54.59 - $69.14

Q3 2016

Shares 16,299 Value ($000) $1,663 Avg Close $73.42 Range $60.65 - $87.21

Q2 2016

Shares 4,647 Value ($000) $554 Avg Close $74.21 Range $66.08 - $82.25

Q2 2015

Shares 3,300 Value ($000) $333 Avg Close $54.56 Range $46.51 - $63.78

Q3 2014

Shares 23,800 Value ($000) $1,118 Avg Close $33.19 Range $28.90 - $40.96

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2019	2,080	$237	$73.65	$66.20 - $81.41
Q2 2018	2,942	$609	$111.59	$93.09 - $132.56
Q1 2018	1,760	$291	$98.89	$85.31 - $115.28
Q1 2017	6,303	$667	$65.79	$59.31 - $68.75
Q4 2016	16,147	$1,641	$63.11	$54.59 - $69.14
Q3 2016	16,299	$1,663	$73.42	$60.65 - $87.21
Q2 2016	4,647	$554	$74.21	$66.08 - $82.25
Q2 2015	3,300	$333	$54.56	$46.51 - $63.78
Q3 2014	23,800	$1,118	$33.19	$28.90 - $40.96