ACACIA RESEARCH CORP — Director's Dealing 2011

Feb 15, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ACACIA RESEARCH CORP (ACTG)
CIK: 0000934549
Period of Report: 2011-02-11

Reporting Person: Lee Dooyong (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-02-11	Common Stock	S	10000	$26.03	Disposed	130000	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 $26.01 and $26.049 per share.