SEC Form 4 · accession 0001077131-16-000026
ACACIA RESEARCH CORP · ACTG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
G Louis Graziadio III
Director
Period of report
Aug 1, 2016
Accepted (ET)
Aug 3, 2016 · 8:12 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000934549
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F1,F2 | $5.75 | Aug 1, 2016 | A | 700,000 | A | — | Aug 1, 2023 | Acacia Research Corporation Common Stock | 700,000 | 700,000 | D |
| Stock Option (Right to Buy)F3 | $5.75 | Aug 1, 2016 | A | 50,000 | A | — | Aug 1, 2023 | Acacia Research Corporation Common Stock | 50,000 | 50,000 | D |
Explanation of responses
- F1The shares underlying the options shall vest in installments of 25% upon the company's achievement of certain stock price targets.
- F2Unvested options will expire four years from the grant date. Vested options will expire seven years from the grant date.
- F3The option shares are execisable in six equal installments over a three-year term beginning from August 1, 2016.