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: Walsh Frank E. III (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-05-04	Common Stock	P	10000	$4.70	Acquired	45000	Direct
2016-05-04	Common Stock	P	20000	$4.65	Acquired	65000	Direct
2016-05-04	Common Stock	P	10000	$4.6499	Acquired	75000	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (Right to Buy)	$4.01	2023-04-07	Acacia Research Corporation Common Stock (70588)	70588	Direct

Footnotes

F1: The opiton shares are exercisable in six equal installments over a three-year term. The first installment vests on 10/1/16.