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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. __)*
Acacia Research Corporation
(Name of Issuer)
Common Stock, no par value
(Title of Class of Securities)
003881 10 9
(CUSIP Number)
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
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Page 2 of 5 Pages
Cusip No. 003881 10 9 13G
1 Names of Reporting Persons
S.S. or I.R.S. Identification Nos. of Above Persons
H. Lee Browne
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2 Check the Appropriate Box if a Member of a Group (See
Instructions)
(a) [ ]
(b) [ ]
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3 SEC Use Only
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4 Citizenship or Place of Organization
United States
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Number of (5) Sole Voting Power 163,100 shares of
Shares common stock
Bene-
ficially (6) Shared Voting Power Not applicable
Owned by
Each (7) Sole Dispositive Power 163,100 shares of
Reporting common stock
Person
With (8) Shared Dispositive Power Not applicable
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9 Aggregate Amount Beneficially Owned by Each
Reporting Person
163,100 shares of common stock
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10 Check if the Aggregate Amount in Row (9) Excludes
Certain Shares (See Instructions) [ ]
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11 Percent of Class Represented by Amount in Row 9
4.5%
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12 Type of Reporting Person (See Instructions)
IN
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Page 3 of 5 Pages
Schedule 13G
Common Stock, No Par Value
CUSIP No. 0003881 10 9
Pursuant to Rule 13d-1(c), the Schedule 13D, dated July 6, 1997, filed
by H. Lee Browne ("Mr. Browne"), a citizen of the United States, with respect to
the Common Stock, with no par value per share (the "Shares"), of Acacia Research
Corporation, a California corporation (the "Issuer"), is hereby amended and
restated in its entirety upon the filing of this Schedule 13G as set forth
below.
Item 1(a) Name of Issuer:
Acacia Research Corporation
Item 1(b) Address of Issuer's Principal Executive Offices:
12 South Raymond Avenue
Pasadena, California 91105
Item 2(a) Name of Person filing:
H. Lee Browne
Item 2(b) Address of Principal Business Office or, if none,
Residence:
c/o Soundview Technologies Incorporated
Two Soundview Drive
Greenwich, Connecticut 06830
Item 2(c) Citizenship:
Mr. Browne is a citizen of the United States.
Item 2(d) Title of Class of Securities:
Common stock, no par value per share
Item 2(e) CUSIP Number: 003881 10 9
Item 3 Not Applicable.
Item 4 Ownership.
The approximate percentage of shares of Common Stock reported as
beneficially owned by Mr. Browne is based upon 3,616,187 shares outstanding as
of March 26, 1998, based upon information provided in the Issuer's Annual Report
on Form 10-K.
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Page 4 of 5 Pages
Item 5 Ownership of Five Percent or Less of a Class.
If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of more than
five percent of the class of securities, check the following [X].
Item 6 Ownership of More than Five Percent on Behalf of
Another Person.
Not applicable
Item 7 Identification and Classification of the Subsidiary
Which Acquired the Security Being Reported on By
the Parent Holding Company.
Not applicable
Item 8 Identification and Classification of Members of the
Group.
Not applicable
Item 9 Notice of Dissolution of Group.
Not applicable
Item 10 Certification.
Not applicable
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Page 5 of 5 Pages
Signature
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Dated: April 3, 1998
/s/ H. Lee Browne
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H. Lee Browne
