Corporate Management

Mr. Ryan has served as a Director since August 1995, as Chief Executive Officer since January 1997 and as Chairman since April 2000. He also served as President of the Company from January 1997 until July 2000. Prior to being named Chief Executive Officer, he was Executive Vice President and Chief Investment Officer of Acacia Research from 1996 through 1997 and Vice President, Capital Management, of Acacia Research from 1995 through 1996. He was formerly co-founder and general partner of the American Health Care Fund, L.P., held positions with Young & Rubicam, Ogilvy & Mather, and Merrill Lynch and was a private venture capital investor. Mr. Ryan holds a B.S. from Cornell University and attended the New York University Graduate School of Business.

Mr. Harris has served as a Director since April 2000 and as President since July 2000. Prior to joining Acacia, Mr. Harris founded Entertainment Properties Trust (NYSE: EPR) and was President and Director from 1997 to July 2000. From 1993 to 1997 Mr. Harris led the International Division and served as Senior Vice President of AMC Entertainment. From 1984 to 1992 Mr. Harris served as President of Carlton Browne and Company, Inc., a holding company and trust with assets in real estate, insurance and financial services. He also serves on the Board of Directors of True Religion Brand Jeans.

Mr. Haynes joined Acacia in April 2001 as Treasurer and Senior Vice President, Finance. In November 2001, Mr. Haynes was appointed Chief Financial Officer of Acacia Research. From 1992 to March 2001, Mr. Haynes was employed by PricewaterhouseCoopers LLP, ultimately serving as a Manager in the Business Advisory Services practice. Mr. Haynes received a B.A. from the University of California at Los Angeles, is a Certified Public Accountant and is a Certified Public Accountant.

Mr. Lee joined Acacia in 2005 as Executive Vice President. He has over 20 years of experience in patent licensing and technology management with a track record of success. He was previously Chief Operating Officer of Global Patent Holdings/TechSearch, which was acquired by Acacia. Prior to Global, he was President of LPS Group, a patent licensing company he founded under Information Holdings Inc. (now part of The Thomson Corporation, NYSE:TOC), that achieved profitability in less than two years. Prior to LPS Group, he co-founded FRI, an intellectual property consulting firm, then under the sponsorship of Fish & Richardson, PC and previously was a licensing executive at AT&T Bell Laboratories/Lucent Technologies. Mr. Lee received a B.A. from Oberlin College and an M.S. (under a full fellowship) from the University of California, Berkeley.

Mr. Stewart joined Acacia in 1997 as Vice President of Corporate Finance. He was appointed to Senior Vice President, Corporate Finance and Investor Relations in 1999. Mr. Stewart was formerly President of Macallan, Dunhill & Associates, general partner of a private investment fund. Mr. Stewart has a bachelors degree in economics from the University of Colorado/Boulder.

Mr. Key joined Acacia in 2005 as Senior Vice President. From 2000 to 2005 he was involved in sales and trading as well as capital market activities with Thomas Weisel Partners, LLC, a San Francisco based investment bank. He also spent three years as a Portfolio Manager with hedge fund, Hermes Advisors, between 1998 and 2000. Prior to that, over a ten year period, Mr. Key held various positions with New York Investment banks, Salomon Brothers and Lehman Brothers. Mr. Key is a Chartered Financial Analyst, attended Clemson University and holds an MBA from Southern Methodist University.