ACACIA RESEARCH CORP — Director's Dealing 2011

Jan 31, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ACACIA RESEARCH CORP (ACTG)
CIK: 0000934549
Period of Report: 2011-01-27

Reporting Person: Lee Dooyong (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-01-27	Common Stock	S	2211	$25.84	Disposed	145447	Direct
2011-01-28	Common Stock	S	1113	$25.51	Disposed	144334	Direct
2011-01-31	Common Stock	S	4334	$24.29	Disposed	140000	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.