LIGAND PHARMACEUTICALS INC

Ticker: LGND CUSIP: 53220K504 Class: Common Stock

ISTHMUS PARTNERS, LLC's Holding History (CIK: 0001639666)

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

Q4 2015

Shares 6,985 Value ($000) $757 Avg Close $61.74 Range $50.61 - $71.12

Q3 2015

Shares 3,930 Value ($000) $337 Avg Close $60.68 Range $44.68 - $70.12

Q2 2015

Shares 3,901 Value ($000) $394 Avg Close $54.56 Range $46.51 - $63.78

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2015	6,985	$757	$61.74	$50.61 - $71.12
Q3 2015	3,930	$337	$60.68	$44.68 - $70.12
Q2 2015	3,901	$394	$54.56	$46.51 - $63.78