SEC Form 4 · accession 0001704759-18-000007
ACACIA RESEARCH CORP · ACTG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert B Stewart Jr.
Officer — President
Period of report
Sep 5, 2018
Accepted (ET)
Sep 7, 2018 · 1:50 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000934549
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Sep 5, 2018 | M | 66,115 | $3.12 | A | 164,758 | D | |
| Common StockF2 | Sep 5, 2018 | S | 66,115 | $3.7516 | D | 98,643 | D |
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 | $3.12 | Sep 5, 2018 | M | 66,115 | D | — | Mar 1, 2023 | Acacia Research Corporation Common Stock | 66,115 | 13,223 | D |
Explanation of responses
- F1The option shares are exercisable in six equal installments over a three year period from March 1, 2016.
- F2The 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.