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ACACIA RESEARCH CORP Director's Dealing 2011

Jan 21, 2011

33272_dirs_2011-01-21_340541dc-7ada-4ba9-9403-916c688aeb37.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: 2011-01-19

Reporting Person: Lee Dooyong (Executive Vice President)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2011-01-19 Common Stock S 24750 $29.65 Disposed 122500 Direct
2011-01-20 Common Stock A 50000 Acquired 172500 Direct
2011-01-21 Common Stock S 22500 $27.30 Disposed 150000 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 6, 2010.

F2: The price reported is the average price for shares sold between $29.03 and $30.22 per share.

F3: Grant of Restricted Stock.