Initial Statement of Beneficial Ownership (3)
23 November 2021 - 10:38AM
Edgar (US Regulatory)
FORM 3
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
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OMB APPROVAL
OMB Number:
3235-0104
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
Golby Lawrence Wesley |
2. Date of Event Requiring Statement (MM/DD/YYYY)
11/12/2021
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3. Issuer Name and Ticker or Trading Symbol
ACACIA RESEARCH CORP [ACTG]
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(Last)
(First)
(Middle)
C/O ACACIA RESEARCH, CORP., 4 PARK PLAZA, SUITE 550 |
4. Relationship of Reporting Person(s) to Issuer (Check all applicable)
_____ Director _____ 10% Owner
___X___ Officer (give title below) _____ Other (specify below)
Director of Research / |
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(Street)
IRVINE, CA 92614
(City)
(State)
(Zip)
| 5. If Amendment, Date Original Filed(MM/DD/YYYY)
| 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Beneficially Owned
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1.Title of Security
(Instr. 4) | 2. Amount of Securities Beneficially Owned
(Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5) | 4. Nature of Indirect Beneficial Ownership
(Instr. 5) |
| ACTG Common Stock | 80000 (1) | D | |
| ACTG Common Stock | 45000 (2) | D | |
| ACTG Common Stock | 20000 (3) | D | |
| ACTG Common Stock | 6700 (4) | I | By: Daughters |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security
(Instr. 4) | 2. Date Exercisable and Expiration Date
(MM/DD/YYYY) | 3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5) | 6. Nature of Indirect Beneficial Ownership
(Instr. 5) |
| Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
| Stock Option (Right to Buy) | (5) | 8/23/2031 | Acacia Research Corporation Common Stock | 112500 | $5.84 | D | |
| Explanation of Responses: |
| (1) | This award of restricted stock awards ("RSAs") is made pursuant to the 2013 Acacia Research Corporation Stock Incentive Plan. The RSAs vest annually in equal installments over three years starting from August 1, 2020 (the "Grant Date"), such that the RSAs shall be fully vested on the date which is three years from the Grant Date. |
| (2) | This award of restricted stock units ("RSUs") is made pursuant to the 2016 Acacia Research Corporation Stock Incentive Plan. The RSUs will vest annually in equal installments on the date of each of the Company's 2022, 2023 and 2024 Annual Meeting of Stockholders, respectively. |
| (3) | These shares are held in two IRA accounts in the reporting person's name. |
| (4) | These shares are held in trusts for the benefit of the minor daughters of the reporting person and for which the reporting person is an investment advisor. |
| (5) | One third of the option shares will vest and be exercisable on the date of each of the Company's 2022, 2023 and 2024 Annual Meeting of Stockholders, respectively. |
Reporting Owners
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| Reporting Owner Name / Address | Relationships |
| Director | 10% Owner | Officer | Other |
Golby Lawrence Wesley
C/O ACACIA RESEARCH, CORP.
4 PARK PLAZA, SUITE 550
IRVINE, CA 92614 |
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| Director of Research |
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Signatures
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| /s/ Jennifer Graff, Attorney in fact | | 11/22/2021 |
| **Signature of Reporting Person | Date |
Acacia Research Technolo... (NASDAQ:ACTG)
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