LIGAND PHARMACEUTICALS INC

Ticker: LGND CUSIP: 53220K504 Class: Common Stock

Summit Trail Advisors, LLC's Holding History (CIK: 0001698478)

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

Q3 2018

Shares 2,780 Value ($000) $763 Avg Close $150.76 Range $127.91 - $172.25

Q2 2018

Shares 2,850 Value ($000) $590 Avg Close $111.59 Range $93.09 - $132.56

Q1 2018

Shares 14,776 Value ($000) $1,949 Avg Close $98.89 Range $85.31 - $115.28

Q4 2017

Shares 13,351 Value ($000) $2,142 Avg Close $86.68 Range $78.91 - $93.14

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2018	2,780	$763	$150.76	$127.91 - $172.25
Q2 2018	2,850	$590	$111.59	$93.09 - $132.56
Q1 2018	14,776	$1,949	$98.89	$85.31 - $115.28
Q4 2017	13,351	$2,142	$86.68	$78.91 - $93.14