ACACIA RESEARCH CORP — Director's Dealing 2016

May 6, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ACACIA RESEARCH CORP (ACTG)
CIK: 0000934549
Period of Report: 2016-05-04

Reporting Person: GRAZIADIO G LOUIS III (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-05-04	Common Stock	P	7740	$4.5892	Acquired	205871	Direct
2016-05-04	Common Stock	P	27000	$4.6192	Acquired	232871	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (Right to Buy)	$3.12	2023-03-01	Acacia Research Corporation Common Stock (89552)	89552	Direct

Footnotes

F1: The opiton shares are exercisable in six equal installments over a three-year term. The first installment vests on 9/1/16.