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Biotech / Medical : Ligand (LGND) Breakout! -- Ignore unavailable to you. Want to Upgrade?

To: Harrison Hickman who wrote (20577)	5/12/1998 8:47:00 AM
From: Henry Niman	Read Replies (1) \| Respond to of 32384

I believe that much of current board holdings are options related (bought in low teens).

To: Harrison Hickman who wrote (20577)	5/12/1998 8:59:00 AM
From: bluejeans	Respond to of 32384

Do you happen to know if they paid market prices for those shares and/or the options they likely converted for the shares? it appears that most of the option plans allow a price no less than 85% of fair market value. of the share amounts listed in the previous post, Robinson numbers included 237,832 options that could be exercised around the end of May and all the directors and executive officers (18 people-including Robinson) had 791,747 options that became exercisable.