LIGAND PHARMACEUTICALS INC

Ticker: LGND CUSIP: 53220K504 Class: Common Stock

BRASADA CAPITAL MANAGEMENT, LP's Holding History (CIK: 0001643833)

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

Q1 2018

Shares 3,110 Value ($000) $514 Avg Close $98.89 Range $85.31 - $115.28

Q4 2017

Shares 3,401 Value ($000) $466 Avg Close $86.68 Range $78.91 - $93.14

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2018	3,110	$514	$98.89	$85.31 - $115.28
Q4 2017	3,401	$466	$86.68	$78.91 - $93.14