<SEC-DOCUMENT>0000886163-14-000094.txt : 20140929
<SEC-HEADER>0000886163-14-000094.hdr.sgml : 20140929
<ACCEPTANCE-DATETIME>20140929135008
ACCESSION NUMBER:		0000886163-14-000094
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20140925
FILED AS OF DATE:		20140929
DATE AS OF CHANGE:		20140929

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LIGAND PHARMACEUTICALS INC
		CENTRAL INDEX KEY:			0000886163
		STANDARD INDUSTRIAL CLASSIFICATION:	PHARMACEUTICAL PREPARATIONS [2834]
		IRS NUMBER:				770160744
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		11119 NORTH TORREY PINES ROAD
		STREET 2:		SUITE 200
		CITY:			LA JOLLA
		STATE:			CA
		ZIP:			92037
		BUSINESS PHONE:		858-550-7500

	MAIL ADDRESS:	
		STREET 1:		11119 NORTH TORREY PINES ROAD
		STREET 2:		SUITE 200
		CITY:			LA JOLLA
		STATE:			CA
		ZIP:			92037

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Aryeh Jason
		CENTRAL INDEX KEY:			0001376960

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-33093
		FILM NUMBER:		141126480

	MAIL ADDRESS:	
		STREET 1:		11119 NORTH TORREY PINES ROAD
		STREET 2:		SUITE 200
		CITY:			LA JOLLA
		STATE:			CA
		ZIP:			92037
</SEC-HEADER>
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<TYPE>4
<SEQUENCE>1
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        <issuerName>LIGAND PHARMACEUTICALS INC</issuerName>
        <issuerTradingSymbol>LGND</issuerTradingSymbol>
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            <rptOwnerName>Aryeh Jason</rptOwnerName>
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            <rptOwnerStreet2></rptOwnerStreet2>
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            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>92037</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
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            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>Indirect</value>
                    <footnoteId id="F1"/>
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        <nonDerivativeHolding>
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                    <value>by Trust</value>
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        </nonDerivativeHolding>
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    <derivativeTable>
        <derivativeTransaction>
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            </securityTitle>
            <conversionOrExercisePrice>
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                <transactionPricePerShare>
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                <value>Non-Qualified Stock Option (right to buy)</value>
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                    <value>0.0</value>
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                    <value>D</value>
                </transactionAcquiredDisposedCode>
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            <exerciseDate>
                <footnoteId id="F6"/>
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            <expirationDate>
                <value>2019-05-29</value>
            </expirationDate>
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                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
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                    <value>2500</value>
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    <footnotes>
        <footnote id="F1">All securities disclosed in this Form 4 are owned by certain funds managed by JALAA Equities, LP, JLV Investments, LP and affiliates  (the &quot;Funds&quot;).   Jason Aryeh is the General Partner of JALAA Equities, LP and a partner of JLV Investments, LP.   By reason of the provisions of Rule 16a-1 under the Securities Exchange Act of 1934, as amended, JALAA Equities, LP, JLV Investments, LP and affiliates and Mr. Aryeh may be deemed to be the beneficial owners of the securities beneficially owned by the Funds.</footnote>
        <footnote id="F2">The option becomes exercisable in twelve successive equal monthly installments upon completion of each calendar month of service beginning 1/31/07.</footnote>
        <footnote id="F3">The option becomes exercisable in twelve successive equal monthly installments upon completion of each calendar month of service beginning 5/25/10.</footnote>
        <footnote id="F4">Acquired by a grant of the Board of Directors of the Company at their annual meeting on June 01, 2011, and will fully vest on the first anniversary of the grant date.</footnote>
        <footnote id="F5">Acquired by a grant of the Board of Directors of the Company at their annual meeting on May 31, 2012, and will fully vest on the first anniversary of the grant date.</footnote>
        <footnote id="F6">The option becomes exercisable in twelve successive equal monthly installments upon completion of each calendar month of service beginning 5/29/09.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>By: Charles S. Berkman For: Jason Aryeh</signatureName>
        <signatureDate>2014-09-29</signatureDate>
    </ownerSignature>
</ownershipDocument>
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</SEC-DOCUMENT>
