SEC Form 3
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person*
TANG KEVIN C

(Last) (First) (Middle)
4747 EXECUTIVE DRIVE
SUITE 510

(Street)
SAN DIEGO CA 92121

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
07/23/2014
3. Issuer Name and Ticker or Trading Symbol
LA JOLLA PHARMACEUTICAL CO [ LJPC ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) Other (specify below)
5. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
X Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock 1,699,067 I(1) By LP(1)
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Series C-1(2) Convertible Preferred Stock 01/19/2012(2) (3) Common Stock 6,167,289 (4) I(1) By LP(1)
1. Name and Address of Reporting Person*
TANG KEVIN C

(Last) (First) (Middle)
4747 EXECUTIVE DRIVE
SUITE 510

(Street)
SAN DIEGO CA 92121

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
TANG CAPITAL MANAGEMENT LLC

(Last) (First) (Middle)
4747 EXECUTIVE DRIVE
SUITE 510

(Street)
SAN DIEGO CA 92121

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
TANG CAPITAL PARTNERS LP

(Last) (First) (Middle)
4747 EXECUTIVE DRIVE
SUITE 510

(Street)
SAN DIEGO CA 92121

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
Explanation of Responses:
1. The securities are beneficially owned by Tang Capital Partners, LP ("TCP"). Kevin C. Tang is the sole manager of Tang Capital Management, LLC, which is the general partner of TCP. Mr. Tang disclaims beneficial ownership of the securities, except to the extent of his pecuniary interest therein.
2. The Series C-1(2) Convertible Preferred Stock (the "Series C Stock") can only be converted into Common Stock to the extent that, after such conversion, the holder would beneficially own no more than 9.999% of the issuer's Common Stock. As such, none of the Series C Stock reported herein is currently convertible into the issuer's Common Stock.
3. The Series C Stock has no expiration date.
4. Each share of Series C Stock is convertible into the issuer's Common Stock at a rate of 1,724 shares of Common Stock for each share of Series C Stock tendered for conversion.
Remarks:
/s/ Kevin C. Tang 08/04/2014
/s/ Kevin C. Tang, Managing Member 08/04/2014
/s/ Kevin C. Tang, Managing Member of Tang Capital Management LLC, General Partner 08/04/2014
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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