sec document
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
______________
SCHEDULE 13G
INFORMATION TO BE INCLUDED IN STATEMENT FILED PURSUANT TO
RULES 13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2(b)
(Amendment No. )*
Acacia Research Corporation
--------------------------------------------------------------------------------
(Name of Issuer)
ACACIA RESEARCH - COMBIMATRIX COMMON STOCK, PAR VALUE $.001 PER SHARE
--------------------------------------------------------------------------------
(Title of Class of Securities)
003881 20 8
--------------------------------------------------------------------------------
(CUSIP Number)
February 27, 2003
--------------------------------------------------------------------------------
(Date of Event Which Requires Filing of this Statement)
______________
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
/ / Rule 13d-1(b)
/ x/ Rule 13d-1(c)
/ / Rule 13d-1(d)
-------------------
* 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 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).
-------------------------- ----------------------------------
CUSIP No. 003881 20 8 13G Page 2 of 23 Pages
-------------------------- ----------------------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Wheatley MedTech Partners, L.P.
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / /
(b) / /
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OR ORGANIZATION
Delaware
--------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 166,667 shares
OWNED BY
EACH -----------------------------------------------------------------
REPORTING 6 SHARED VOTING POWER
PERSON WITH
0 shares
-----------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
166,667 shares
-----------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0 shares
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
166,667 shares
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES(1) / /
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.7%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
PN
================================================================================
-------------------------- ----------------------------------
CUSIP No. 003881 20 8 13G Page 3 of 23 Pages
-------------------------- ----------------------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Wheatley MedTech Partners LLC
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / /
(b) / /
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OR ORGANIZATION
Delaware
--------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 0 shares
OWNED BY
EACH -----------------------------------------------------------------
REPORTING 6 SHARED VOTING POWER
PERSON WITH
166,667 shares
-----------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
0 shares
-----------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
166,667 shares
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
166,667 shares
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES(1) / /
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.7%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
CO
================================================================================
-------------------------- ----------------------------------
CUSIP No. 003881 20 8 13G Page 4 of 23 Pages
-------------------------- ----------------------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Irwin Lieber
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / /
(b) / /
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OR ORGANIZATION
United States
--------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 260,000 shares
OWNED BY
EACH -----------------------------------------------------------------
REPORTING 6 SHARED VOTING POWER
PERSON WITH
166,667 shares
-----------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
260,000 shares
-----------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
166,667 shares
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
426,667 shares
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES / /
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
1.9%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
IN
================================================================================
-------------------------- ----------------------------------
CUSIP No. 003881 20 8 13G Page 5 of 23 Pages
-------------------------- ----------------------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Barry Fingerhut
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / /
(b) / /
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OR ORGANIZATION
United States
--------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 260,000 shares
OWNED BY
EACH -----------------------------------------------------------------
REPORTING 6 SHARED VOTING POWER
PERSON WITH
166,667 shares
-----------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
260,000 shares
-----------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
166,667 shares
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
426,667 shares
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES(1) / /
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
1.9%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
IN
================================================================================
-------------------------- ----------------------------------
CUSIP No. 003881 20 8 13G Page 6 of 23 Pages
-------------------------- ----------------------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Applegreen Partners
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / /
(b) / /
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OR ORGANIZATION
New York
--------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 50,000 shares
OWNED BY
EACH -----------------------------------------------------------------
REPORTING 6 SHARED VOTING POWER
PERSON WITH
0 shares
-----------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
50,000 shares
-----------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0 shares
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
50,000 shares
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES(1) / /
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.2%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
PN
================================================================================
-------------------------- ----------------------------------
CUSIP No. 003881 20 8 13G Page 7 of 23 Pages
-------------------------- ----------------------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Seneca Ventures
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / /
(b) / /
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OR ORGANIZATION
New York
--------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 448,070 shares
OWNED BY
EACH -----------------------------------------------------------------
REPORTING 6 SHARED VOTING POWER
PERSON WITH
0 shares
-----------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
448,070 shares
-----------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0 shares
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
448,070 shares
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES / /
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
1.9%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
PN
================================================================================
-------------------------- ----------------------------------
CUSIP No. 003881 20 8 13G Page 8 of 23 Pages
-------------------------- ----------------------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Woodland Venture Fund
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / /
(b) / /
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OR ORGANIZATION
New York
--------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 478,070 shares
OWNED BY
EACH -----------------------------------------------------------------
REPORTING 6 SHARED VOTING POWER
PERSON WITH
0 shares
-----------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
478,070 shares
-----------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0 shares
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
478,070 shares
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES(1) / /
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
2.1%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
IN
================================================================================
-------------------------- ----------------------------------
CUSIP No. 003881 20 8 13G Page 9 of 23 Pages
-------------------------- ----------------------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Woodland Partners
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / /
(b) / /
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OR ORGANIZATION
New York
--------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 271,560 shares
OWNED BY
EACH -----------------------------------------------------------------
REPORTING 6 SHARED VOTING POWER
PERSON WITH
0 shares
-----------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
271,560 shares
-----------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0 shares
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
271,560 shares
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES(1) / /
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
1.2%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
PN
================================================================================
-------------------------- ----------------------------------
CUSIP No. 003881 20 8 13G Page 10 of 23 Pages
-------------------------- ----------------------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Barry Rubenstein
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / /
(b) / /
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OR ORGANIZATION
United States
--------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 300,000 shares
OWNED BY
EACH -----------------------------------------------------------------
REPORTING 6 SHARED VOTING POWER
PERSON WITH
1,364,367 shares
-----------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
300,000 shares
-----------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,364,367 shares
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,664,367 shares
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES(1) / /
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
7.2%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
IN
================================================================================
-------------------------- ----------------------------------
CUSIP No. 003881 20 8 13G Page 11 of 23 Pages
-------------------------- ----------------------------------
Item 1.
(a) Name of Issuer: Acacia Research Corporation
(b) Address of Issuer's Principal Executive Offices:
500 Newport Center Drive, Newport Beach, CA 92660
Item 2.
1. (a) Name of Person Filing: Wheatley MedTech Partners, L.P.
(b) Address of Principal Business Office, or if none, Residence:
80 Cuttermill Road, Suite 311, Great Neck, NY 11021
(c) Citizenship: Delaware
(d) Title of Class of Securities: Acacia Research - CombiMatrix
Common Stock, par value $.001 per
share
(e) CUSIP Number: 003881 20 8
2. (a) Name of Person Filing: Wheatley MedTech Partners LLC
(b) Address of Principal Business Office, or if none, Residence:
80 Cuttermill Road, Suite 311, Great Neck, NY 11021
(c) Citizenship: Delaware
(d) Title of Class of Securities: Acacia Research - CombiMatrix
Common Stock, par value $.001 per
share
(e) CUSIP Number: 003881 20 8
3. (a) Name of Person Filing: Irwin Lieber
(b) Address of Principal Business Office, or if none, Residence:
80 Cuttermill Road, Suite 311, Great Neck, NY 11021
(c) Citizenship: United States
(d) Title of Class of Securities: Acacia Research - CombiMatrix
Common Stock, par value $.001 per
share
(e) CUSIP Number: 003881 20 8
4. (a) Name of Person Filing: Barry Fingerhut
(b) Address of Principal Business Office, or if none, Residence:
80 Cuttermill Road, Suite 311, Great Neck, NY 11021
(c) Citizenship: Delaware
(d) Title of Class of Securities: Acacia Research - CombiMatrix
Common Stock, par value $.001 per
share
(e) CUSIP Number: 003881 20 8
-------------------------- ----------------------------------
CUSIP No. 003881 20 8 13G Page 12 of 23 Pages
-------------------------- ----------------------------------
5. (a) Name of Person Filing: Applegreen Partners
(b) Address of Principal Business Office, or if none, Residence:
8 Applegreen Drive, Old Westbury, New York, 11568
(c) Citizenship: New York
(d) Title of Class of Securities: Acacia Research - CombiMatrix
Common Stock, par value $.001 per
share
(e) CUSIP Number: 003881 20 8
6. (a) Name of Person Filing: Seneca Ventures
(b) Address of Principal Business Office, or if none, Residence:
68 Wheatley Road, Brookville, New York 11545
(c) Citizenship: New York
(d) Title of Class of Securities: Acacia Research - CombiMatrix
Common Stock, par value $.001 per
share
(e) CUSIP Number: 003881 20 8
7. (a) Name of Person Filing: Woodland Venture Fund
(b) Address of Principal Business Office, or if none, Residence:
68 Wheatley Road, Brookville, New York 11545
(c) Citizenship: New York
(d) Title of Class of Securities: Acacia Research - CombiMatrix
Common Stock, par value $.001 per
share
(e) CUSIP Number: 003881 20 8
8. (a) Name of Person Filing: Woodland Partners
(b) Address of Principal Business Office, or if none, Residence:
68 Wheatley Road, Brookville, New York 11545
(c) Citizenship: New York
(d) Title of Class of Securities: Acacia Research - CombiMatrix
Common Stock, par value $.001 per
share
(e) CUSIP Number: 003881 20 8
9. (a) Name of Person Filing: Barry Rubenstein
(b) Address of Principal Business Office, or if none, Residence:
68 Wheatley Road, Brookville, New York 11545
(c) Citizenship: United States
(d) Title of Class of Securities: Acacia Research - CombiMatrix
Common Stock, par value $.001 per
share
(e) CUSIP Number: 003881 20 8
-------------------------- ----------------------------------
CUSIP No. 003881 20 8 13G Page 13 of 23 Pages
-------------------------- ----------------------------------
The following individuals or entities are identified in this
Schedule 13G due to their relationships with one or more of the Reporting
Persons disclosed above. The following persons or entities are not Reporting
Persons for purposes of this Schedule 13G.
Other Members of Wheatley MedTech Partners LLC but who do not
directly beneficially own shares of Common Stock of the Issuer.
10. (a) Name of Person Filing: Nancy Casey
(b) Address of Principal Business Office, or if none, Residence:
80 Cuttermill Road, Suite 311, Great Neck, NY 11021
(c) Citizenship: Delaware
(d) Title of Class of Securities: Acacia Research - CombiMatrix
Common Stock, par value $.001 per
share
(e) CUSIP Number: 003881 20 8
11. (a) Name of Person Filing: David Dantzker
(b) Address of Principal Business Office, or if none, Residence:
80 Cuttermill Road, Suite 311, Great Neck, NY 11021
(c) Citizenship: Delaware
(d) Title of Class of Securities: Acacia Research - CombiMatrix
Common Stock, par value $.001 per
share
(e) CUSIP Number: 003881 20 8
12. (a) Name of Person Filing: Jonathan Lieber
(b) Address of Principal Business Office, or if none, Residence:
80 Cuttermill Road, Suite 311, Great Neck, NY 11021
(c) Citizenship: United States
(d) Title of Class of Securities: Acacia Research - CombiMatrix
Common Stock, par value $.001 per
share
(e) CUSIP Number: 003881 20 8
13. (a) Name of Person Filing: Seth Lieber
(b) Address of Principal Business Office, or if none, Residence:
80 Cuttermill Road, Suite 311, Great Neck, NY 11021
(c) Citizenship: United States
(d) Title of Class of Securities: Acacia Research - CombiMatrix
Common Stock, par value $.001 per
share
(e) CUSIP Number: 003881 20 8
Other affiliates of Barry Rubenstein but who do not directly
beneficially own shares of Common Stock of the Issuer.
14. (a) Name of Person Filing: Marilyn Rubenstein
(b) Address of Principal Business Office, or if none, Residence:
68 Wheatley Road, Brookville, New York 11545
(c) Citizenship: New York
(d) Title of Class of Securities: Acacia Research - CombiMatrix
Common Stock, par value $.001 per
share
(e) CUSIP Number: 003881 20 8
15. (a) Name of Person Filing: Woodland Services Corp.
(b) Address of Principal Business Office, or if none, Residence:
68 Wheatley Road, Brookville, New York 11545
(c) Citizenship: New York
(d) Title of Class of Securities: Acacia Research - CombiMatrix
Common Stock, par value $.001 per
share
(e) CUSIP Number: 003881 20 8
-------------------------- ----------------------------------
CUSIP No. 003881 20 8 13G Page 14 of 23 Pages
-------------------------- ----------------------------------
Item 3. If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b)
or (c), check whether the person filing is a:
/x/ Not Applicable
(a) / / Broker or dealer registered under Section 15 of the Exchange Act.
(b) / / Bank as defined in section 3(a)(6) of the Exchange Act.
(c) / / Insurance company as defined in section 3(a)(19) of the Exchange
Act.
(d) / / Investment company registered under section 8 of the Investment
Company Act.
(e) / / An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);
(f) / / An employee benefit plan or endowment fund in accordance with Rule
13d-1(b)(1)(ii)(F).
(g) / / A parent holding company or control person in accordance with Rule
13d-1(b)(1)(ii)(G).
(h) / / A savings association as defined in Section 3(b) of the Federal
Deposit Insurance Act;
(i) / / A church plan that is excluded from the definition of an
investment company under Section 3(c)(14) of the Investment
Company Act.
(j) / / Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
Item 4. Ownership - The percentages of beneficial ownership shown below
are based on 22,985,186 shares of Common Stock outstanding as of
February 27, 2003 as provided by the Issuer's stock transfer
agent.
1. Wheatley MedTech Partners, L.P.
(a) Amount Beneficially Owned: 166,667 shares.
(b) Percent of Class: 0.7%.
(c) Number of shares as to which such person has:
(i) sole power to vote or direct the vote: 166,667 shares.
(ii) shared power to vote or direct the vote: 0 shares.
(iii) sole power to dispose or direct the disposition of: 166,667
shares.
(iv) shared power to dispose or direct the disposition of: 0
shares.
2. Wheatley MedTech Partners LLC
(a) Amount Beneficially Owned: 166,667 shares.
(b) Percent of Class: 0.7%.
(c) Number of shares as to which such person has:
(i) sole power to vote or direct the vote: 0 shares.
(ii) shared power to vote or direct the vote: 166,667 shares.
(iii) sole power to dispose or direct the disposition of: 0
shares.
(iv) shared power to dispose or direct the disposition of:
166,667 shares.
3. Irwin Lieber
(a) Amount Beneficially Owned: 426,667 shares.
(b) Percent of Class: 1.9%.
(c) Number of shares as to which such person has:
(i) sole power to vote or direct the vote: 260,000 shares.
(ii) shared power to vote or direct the vote: 166,667
shares.
(iii) sole power to dispose or direct the disposition of:
260,000 shares.
(iv) shared power to dispose or direct the disposition of:
166,667 shares.
-------------------------- ----------------------------------
CUSIP No. 003881 20 8 13G Page 15 of 23 Pages
-------------------------- ----------------------------------
4. Barry Fingerhut
(a) Amount Beneficially Owned: 426,667 shares.
(b) Percent of Class: 1.9%.
(c) Number of shares as to which such person has:
(i) sole power to vote or direct the vote: 260,000 shares.
(ii) shared power to vote or direct the vote: 166,667 shares.
(iii) sole power to dispose or direct the disposition of: 260,000
shares.
(iv) shared power to dispose or direct the disposition of:
166,667 shares.
5. Applegreen Partners
(a) Amount Beneficially Owned: 50,000 shares.
(b) Percent of Class: 0.2%.
(c) Number of shares as to which such person has:
(i) sole power to vote or direct the vote: 50,000 shares.
(ii) shared power to vote or direct the vote: 0 shares.
(iii) sole power to dispose or direct the disposition of:
50,000 shares.
(iv) shared power to dispose or direct the disposition of:
0 shares.
6. Seneca Ventures
(a) Amount Beneficially Owned: 448,070 shares.
(b) Percent of Class: 1.9%.
(c) Number of shares as to which such person has:
(i) sole power to vote or direct the vote: 448,070 shares.
(ii) shared power to vote or direct the vote: 0 shares.
(iii) sole power to dispose or direct the disposition of: 448,070
shares.
(iv) shared power to dispose or direct the disposition of:
0 shares.
7. Woodland Venture Fund
(a) Amount Beneficially Owned: 478,070 shares.
(b) Percent of Class: 2.1%.
(c) Number of shares as to which such person has:
(i) sole power to vote or direct the vote: 478,070 shares.
(ii) shared power to vote or direct the vote: 0 shares.
(iii) sole power to dispose or direct the disposition of:
478,070 shares.
(iv) shared power to dispose or direct the disposition of:
0 shares.
8. Woodland Partners
(a) Amount Beneficially Owned: 271,560 shares.
(b) Percent of Class: 1.2%.
(c) Number of shares as to which such person has:
(i) sole power to vote or direct the vote: 271,560 shares.
(ii) shared power to vote or direct the vote: 0 shares.
(iii) sole power to dispose or direct the disposition of:
271,560 shares.
(iv) shared power to dispose or direct the disposition of:
0 shares.
-------------------------- ----------------------------------
CUSIP No. 003881 20 8 13G Page 16 of 23 Pages
-------------------------- ----------------------------------
9. Barry Rubenstein
(a) Amount Beneficially Owned: 1,664,367 shares.
(b) Percent of Class: 7.2%.
(c) Number of shares as to which such person has:
(i) sole power to vote or direct the vote: 300,000 shares.
(ii) shared power to vote or direct the vote: 1,364,367 shares.
(iii) sole power to dispose or direct the disposition of: 300,000
shares.
(iv) shared power to dispose or direct the disposition of:
1,364,367 shares.
The following individuals or entities are identified in this
Schedule 13G due to their relationships with one or more of the Reporting
Persons disclosed above. The following persons or entities are not Reporting
Persons for purposes of this Schedule 13G.
Other Members of Wheatley MedTech Partners LLC but who do not
directly beneficially own shares of Common Stock of the Issuer.
10. Nancy Casey
(a) Amount Beneficially Owned: 166,667 shares.
(b) Percent of Class: 0.7%.
(c) Number of shares as to which such person has:
(i) sole power to vote or direct the vote: 0 shares.
(ii) shared power to vote or direct the vote: 166,667 shares.
(iii) sole power to dispose or direct the disposition of:
0 shares.
(iv) shared power to dispose or direct the disposition of:
166,667 shares.
11. David Dantzker
(a) Amount Beneficially Owned: 166,667 shares.
(b) Percent of Class: 0.7%.
(c) Number of shares as to which such person has:
(i) sole power to vote or direct the vote: 0 shares.
(ii) shared power to vote or direct the vote: 166,667 shares.
(iii) sole power to dispose or direct the disposition of:
0 shares.
(iv) shared power to dispose or direct the disposition of:
166,667 shares.
12. Jonathan Lieber
(a) Amount Beneficially Owned: 216,667 shares.
(b) Percent of Class: 0.9%.
(c) Number of shares as to which such person has:
(i) sole power to vote or direct the vote: 0 shares.
(ii) shared power to vote or direct the vote: 216,667 shares.
(iii) sole power to dispose or direct the disposition of:
0 shares.
(iv) shared power to dispose or direct the disposition of:
216,667 shares.
13. Seth Lieber
(a) Amount Beneficially Owned: 216,667 shares.
(b) Percent of Class: 0.9%.
(c) Number of shares as to which such person has:
(i) sole power to vote or direct the vote: 0 shares.
(ii) shared power to vote or direct the vote: 216,667 shares.
(iii) sole power to dispose or direct the disposition of:
0 shares.
(iv) shared power to dispose or direct the disposition of:
216,667 shares.
-------------------------- ----------------------------------
CUSIP No. 003881 20 8 13G Page 17 of 23 Pages
-------------------------- ----------------------------------
Other affiliates of Barry Rubenstein but who do not directly
beneficially own shares of Common Stock of the Issuer.
14. Marilyn Rubenstein
(a) Amount Beneficially Owned: 1,197,700 shares.
(b) Percent of Class: 5.2%.
(c) Number of shares as to which such person has:
(i) sole power to vote or direct the vote: 0 shares.
(ii) shared power to vote or direct the vote: 1,197,700 shares.
(iii) sole power to dispose or direct the disposition of:
0 shares.
(iv) shared power to dispose or direct the disposition of:
1,197,700 shares.
15. Wooldland Services Corp.
(a) Amount Beneficially Owned: 926,140 shares.
(b) Percent of Class: 4.0%.
(c) Number of shares as to which such person has:
(i) sole power to vote or direct the vote: 0 shares.
(ii) shared power to vote or direct the vote: 926,140 shares.
(iii) sole power to dispose or direct the disposition of:
0 shares.
(iv) shared power to dispose or direct the disposition of:
926,140 shares.
-------------------------- ----------------------------------
CUSIP No. 003881 20 8 13G Page 18 of 23 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 [ ].
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.
By signing below I certify that, to the best of my knowledge
and belief, the securities referred to above were not acquired and
are not held for the purpose of or with the effect of changing or
influencing the control of the issuer of the securities and were
not acquired and are not held in connection with or as a
participant in any transaction having that purpose or effect.
[The remainder of this page was intentionally left blank.]
-------------------------- ----------------------------------
CUSIP No. 003881 20 8 13G Page 19 of 23 Pages
-------------------------- ----------------------------------
SIGNATURES
After reasonable inquiry and to the best of his knowledge and belief,
each of the undersigned certifies that the information set forth in this
statement is true, complete and correct.
Dated: March 10, 2003
WHEATLEY MEDTECH PARTNERS, L.P.
By: Wheatley MedTech Partners LLC,
General Partner
By: /s/ Barry Rubenstein
-------------------------------
Name: Barry Rubenstein
Title: Chief Executive Officer
WHEATLEY MEDTECH PARTNERS LLC
By: /s/ Barry Rubenstein
-------------------------------
Name: Barry Rubenstein
Title: Chief Executive Officer
/s/ Irwin Lieber
--------------------------------------
Irwin Lieber
/s/ Barry Fingerhut
--------------------------------------
Barry Fingerhut
APPLEGREEN PARTNERS
By: /s/ Jonathan Lieber
----------------------------------
Jonathan Lieber,
Managing General Partner
-------------------------- ----------------------------------
CUSIP No. 003881 20 8 13G Page 20 of 23 Pages
-------------------------- ----------------------------------
/s/ Barry Rubenstein
---------------------------------------
Barry Rubenstein
SENECA VENTURES
By: /s/ Barry Rubenstein
-----------------------------------
Barry Rubenstein, a General Partner
WOODLAND PARTNERS
By: /s/ Barry Rubenstein
-----------------------------------
Barry Rubenstein, a General Partner
WOODLAND VENTURE FUND
By: /s/ Barry Rubenstein
-----------------------------------
Barry Rubenstein, a General Partner
-------------------------- ----------------------------------
CUSIP No. 003881 20 8 13G Page 21 of 23 Pages
-------------------------- ----------------------------------
EXHIBIT INDEX
The following document is filed herewith:
(a) Joint Filing Agreement dated as of March 10, 2003 among Wheatley
MedTech Partners, L.P., Wheatley MedTech Partners LLC, Irwin
Lieber, Barry Fingerhut, Applegreen Partners, Seneca Ventures,
Woodland Partners, Woodland Venture Fund and Barry Rubenstein.
-------------------------- ----------------------------------
CUSIP No. 003881 20 8 13G Page 22 of 23 Pages
-------------------------- ----------------------------------
EXHIBIT A
JOINT FILING AGREEMENT
The undersigned hereby agree that the Statement on Schedule 13G, dated
March 10, 2003 with respect to the shares of Common Stock of Acacia Research
Corporation and any further amendments thereto executed by each and any of us
shall be filed on behalf of each of us pursuant to and in accordance with the
provisions of Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as
amended.
This Agreement may be executed in separate counterparts, each of which
shall be deemed an original, but all of which shall constitute one and the same
instrument.
Dated: March 10, 2003
WHEATLEY MEDTECH PARTNERS, L.P.
By: Wheatley MedTech Partners LLC,
General Partner
By: /s/ Barry Rubenstein
-------------------------------
Name: Barry Rubenstein
Title: Chief Executive Officer
WHEATLEY MEDTECH PARTNERS LLC
By: /s/ Barry Rubenstein
-------------------------------
Name: Barry Rubenstein
Title: Chief Executive Officer
/s/ Irwin Lieber
-----------------------------------------
Irwin Lieber
/s/ Barry Fingerhut
-----------------------------------------
Barry Fingerhut
APPLEGREEN PARTNERS
By: /s/ Jonathan Lieber
-------------------------------------
Jonathan Lieber,
Managing General Partner
-------------------------- ----------------------------------
CUSIP No. 003881 20 8 13G Page 23 of 23 Pages
-------------------------- ----------------------------------
/s/ Barry Rubenstein
-----------------------------------------
Barry Rubenstein
SENECA VENTURES
By: /s/ Barry Rubenstein
-------------------------------------
Barry Rubenstein, a General Partner
WOODLAND PARTNERS
By: /s/ Barry Rubenstein
-------------------------------------
Barry Rubenstein, a General Partner
WOODLAND VENTURE FUND
By: /s/ Barry Rubenstein
-------------------------------------
Barry Rubenstein, a General Partner