ACACIA RESEARCH CORP — Director's Dealing 2016

May 17, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ACACIA RESEARCH CORP (ACTG)
CIK: 0000934549
Period of Report: 2016-05-13

Reporting Person: GRAZIADIO G LOUIS III (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-05-13	Common Stock	P	15000	$4.572	Acquired	307334	Direct
2016-05-13	Common Stock	P	63000	$4.572	Acquired	146565	Indirect
2016-05-13	Common Stock	P	5000	$4.572	Acquired	5000	Indirect
2016-05-13	Common Stock	P	5000	$4.752	Acquired	5000	Indirect
2016-05-16	Common Stock	P	12222	$4.6867	Acquired	319556	Direct
2016-05-16	Common Stock	P	3729	$4.6867	Acquired	323285	Direct
2016-05-16	Common Stock	P	12223	$4.6867	Acquired	158788	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	5000	Indirect
Common Stock	5000	Indirect

Footnotes

F1: These shares are owned by the Graziadio Family Trust u/d/t 11/13/75 ("GFT"), an irrevocable trust established by Mr. Graziadio for the benefit of his children. Mr. Graziadio is neither a trustee nor a beneficiary of GFT and disclaims beneficial ownership of the shares owned by GFT.

F2: These shares were purchased for Mr. Graziadio's minor child, Marianna R. Graziadio.

F3: These shares were purchased for Mr. Graziadio's minor child, George L. Graziadio IV.