LIGAND PHARMACEUTICALS INC

Ticker: LGND CUSIP: 53220K504 Class: Common Stock

Ground Swell Capital, LLC's Holding History (CIK: 0001534450)

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

Q2 2014

Shares 204 Value ($000) $13 Avg Close $40.58 Range $34.87 - $44.57

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2014	204	$13	$40.58	$34.87 - $44.57