ACACIA RESEARCH CORP — Director's Dealing 2011

Jan 21, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ACACIA RESEARCH CORP (ACTG)
CIK: 0000934549
Period of Report: 2011-01-19

Reporting Person: RYAN PAUL R (Director, Chairman & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-01-19	Common Stock	S	10000	$29.69	Disposed	548019	Direct
2011-01-20	Common Stock	A	50000	—	Acquired	598019	Direct

Footnotes

F1: The sales reported on this Form 4 were effected pursuant to a Rule 10b5(10 Trading plan adopted by the Reporting Person on 12/1/10.

F2: The price reported is the average price for shares sold between $29.50 and $29.81 per share..

F3: Grant of Restricted Stock.