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ACACIA RESEARCH CORP Director's Dealing 2011

May 2, 2011

33272_dirs_2011-05-02_0e19f845-97ce-46fe-9aa1-9564dcb2ad68.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ACACIA RESEARCH CORP (ACTG)
CIK: 0000934549
Period of Report: 2011-04-28

Reporting Person: HARRIS ROBERT L II (Director, President)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2011-04-28 Common Stock S 25000 $40.02 Disposed 499100 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 December 13, 2010.

F2: The price reported is the average price for shares sold.