ACACIA RESEARCH CORP — Director's Dealing 2011

Jan 26, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ACACIA RESEARCH CORP (ACTG)
CIK: 0000934549
Period of Report: 2011-01-20

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-01-20	Common Stock	S	10600	$30.04	Disposed	520794	Direct
2011-01-24	Common Stock	S	39400	$26.39	Disposed	481394	Direct
2011-01-25	Common Stock	S	784	$25.82	Disposed	480610	Direct
2011-01-26	Common Stock	S	857	$25.99	Disposed	479753	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 sales reported on this Form 4 were effected pursuant to a Rule 10b5(10 Trading plan adopted by the Reporting Person on December 1, 2010.

F3: The price reported is the average price for shares sold between $25.97 and $27.09 per share.