ACACIA RESEARCH CORP — Director's Dealing 2018

Sep 7, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ACACIA RESEARCH CORP (ACTG)
CIK: 0000934549
Period of Report: 2018-09-05

Reporting Person: Stewart Robert B Jr (President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-09-05	Common Stock	M	66115	$3.12	Acquired	164758	Direct
2018-09-05	Common Stock	S	66115	$3.7516	Disposed	98643	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-09-05	Stock Option (Right to Buy)	$3.12	M	66115	Disposed	2023-03-01	Acacia Research Corporation Common Stock (66115)	Direct

Footnotes

F1: The option shares are exercisable in six equal installments over a three year period from March 1, 2016.

F2: The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $3.75 to $3.80, inclusive. Mr. Stewart undertakes to provide to Acacia Research Corporation ("Issuer"), any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in footnote (2) to this Form 4.