Sec Form 4 Filing - ENGBERS WILLIAM @ LA JOLLA PHARMACEUTICAL CO - 2005-05-19

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
ENGBERS WILLIAM
2. Issuer Name and Ticker or Trading Symbol
LA JOLLA PHARMACEUTICAL CO [ LJPC]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
6455 NANCY RIDGE DRIVE
3. Date of Earliest Transaction (MM/DD/YY)
05/19/2005
(Street)
SAN DIEGO, CA92121
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Options (right to buy) $ 3.625 05/19/2005 D 20,000 ( 1 ) 05/19/2007 Common Stock 20,000 $ 0 128,795 D
Stock Options (right to buy) $ 3.625 05/19/2005 A 20,000 ( 1 ) 12/03/2008 Common Stock 20,000 $ 0 148,795 D
Stock Options (right to buy) $ 0.484 05/19/2005 D 41,143 ( 2 ) 05/19/2007 Common Stock 41,143 $ 0 107,652 D
Stock Options (right to buy) $ 0.484 05/19/2005 A 41,143 ( 2 ) 09/28/2009 Common Stock 41,143 $ 0 148,795 D
Stock Options (right to buy) $ 0.344 05/19/2005 D 4,011 ( 3 ) 05/19/2007 Common Stock 4,011 $ 0 144,784 D
Stock Options (right to buy) $ 0.344 05/19/2005 A 4,011 ( 3 ) 11/02/2009 Common Stock 4,011 $ 0 148,795 D
Stock Options (right to buy) $ 3.688 05/19/2005 D 10,846 ( 4 ) 05/19/2007 Common Stock 10,846 $ 0 137,949 D
Stock Options (right to buy) $ 3.688 05/19/2005 A 10,846 ( 4 ) 01/28/2010 Common Stock 10,846 $ 0 148,795 D
Stock Options (right to buy) $ 2.97 05/19/2005 D 5,000 ( 5 ) 05/19/2007 Common Stock 5,000 $ 0 143,795 D
Stock Options (right to buy) $ 2.97 05/19/2005 A 5,000 ( 5 ) 05/12/2013 Common Stock 5,000 $ 0 148,795 D
Stock Options (right to buy) $ 4.71 05/19/2005 D 5,000 ( 6 ) 05/19/2007 Common Stock 5,000 $ 0 143,795 D
Stock Options (right to buy) $ 4.71 05/19/2005 A 5,000 ( 6 ) 09/18/2013 Common Stock 5,000 $ 0 148,795 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
ENGBERS WILLIAM
6455 NANCY RIDGE DRIVE
SAN DIEGO, CA92121
X
Signatures
/s/ Gail A. SloanAttorney-in-fact for William E. Engbers 05/20/2005
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Amendment of outstanding option resulting in deemed cancellation of option and grant of replacement option. The option was originally granted on 12/03/1998. Options were fully vested on 12/03/2000.
( 2 )Amendment of outstanding option resulting in deemed cancellation of option and grant of replacement option. The option was originally granted on 09/28/1999. Options were fully vested on 12/28/2000.
( 3 )Amendment of outstanding option resulting in deemed cancellation of option and grant of replacement option. The option was originally granted on 11/02/1999. Options were fully vested on 12/02/2000.
( 4 )Amendment of outstanding option resulting in deemed cancellation of option and grant of replacement option. The option was originally granted on 01/28/2000. Options were fully vested on 12/28/2000.
( 5 )Amendment of outstanding option resulting in deemed cancellation of option and grant of replacement option. The option was originally granted on 05/12/2003. On 5/19/2005, 3,333 options were vested. Mr. Engbers ceased being a director of the Company on 05/19/2005. Immediately prior to his cessation of service as a director the vesting period was accelerated so that all options were fully vested on 5/19/2005.
( 6 )Amendment of outstanding option resulting in deemed cancellation of option and grant of replacement option. The option was originally granted on 09/18/2003. On 5/19/2005, 2,778 options were vested. Mr. Engbers ceased being a director of the Company on 05/19/2005. Immediately prior to his cessation of service as a director the vesting period was accelerated so that all options were fully vested on 5/19/2005.

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