X0306 4 2017-05-11 0 0000934549 ACACIA RESEARCH CORP ACTG 0001077131 GRAZIADIO G LOUIS III 520 NEWPORT CENTER DR. 12TH FLOOR NEWPORT BEACH CA 92660 1 1 0 0 Executive Chairman Common Stock 2017-05-11 4 P 0 24934 4.9859 A 476701 D Common Stock 2017-05-11 4 P 0 50011 4.9859 A 305500 I Graziadio Family Trust dtd 11/13/75 Common Stock 2017-05-11 4 P 0 10000 4.9859 A 20000 I The Gina-Carra Partnership Common Stock 2017-05-11 4 P 0 5000 4.9859 A 15000 I George L. Graziadio, IV (minor children) Common Stock 2017-05-11 4 P 0 5000 4.9859 A 15000 I Marianna R. Graziadio (minor children) Common Stock 2017-05-11 4 P 0 2500 4.9859 A 15000 I George & Reva Graziadio Foundation The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $4.90 to $5.20, inclusive. Mr. Graziadio 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 (1) to this Form 4. 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. These shares are owned by Gina-Carra Partnership ("Gina-Carra"), a limited partnership of which Mr. Graziadio is the trustee of one of the general partners, which is a trust for the benefit of an adult daughter of Mr. Graziadio. Mr. Graziadio disclaims beneficial ownership of the shares owned by Gina-Carra. These shares were purchased for Mr. Graziadio's minor child, George L. Graziadio, IV. These shares were purchased for Mr. Graziadio's minor child, Marianna R. Graziadio. Shares are owned by the George and Reva Graziadio Foundation ("Foundation"), a charitable foundation established by Mr. Graziadio's parents, as to which Mr. Graziadio has no pecuniary interest. Mr. Graziadio is one of three directors of the Foundation and does not have the right to control disposition of these shares. Mr. Graziadio disclaims beneficial ownership of the shares owned by the Foundation. G. Louis Graziadio, III 2017-05-15