LIGAND PHARMACEUTICALS INC

CUSIP: 53220KAD0 Class: NOTE 0.750% 8/1

LAZARD ASSET MANAGEMENT LLC's Holding History (CIK: 0001207017)

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

Q2 2016

Shares 18,500,000 Value ($000) $30,941 Avg Close — Range —

Q1 2016

Shares 15,000,000 Value ($000) $22,940 Avg Close — Range —

Q4 2015

Shares 17,200,000 Value ($000) $26,617 Avg Close — Range —

Q3 2015

Shares 14,500,000 Value ($000) $18,931 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2016	18,500,000	$30,941	—	—
Q1 2016	15,000,000	$22,940	—	—
Q4 2015	17,200,000	$26,617	—	—
Q3 2015	14,500,000	$18,931	—	—