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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1294649	Patent Properties Inc.	PPRO	Patent Owners & Lessors (6794)	300342273

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1083763	S Jay Walker	Patent Properties Two High Ridge Park Stamford CT 06905	Executive Chairman	Yes	Yes	Yes	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2015-05-01	6,080	$2.17	78,320	No	4	P	Direct
Common Stock	Acquisiton	2015-05-04	5,440	$2.20	83,760	No	4	P	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Direct
No	4	P	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	2,358,500	Indirect	Walker Digital, LLC

Reported Derivative Holdings

Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Series B Convertible Preferred Stock	$0.00			14,999,000	14,999,000	Indirect

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
	14,999,000	14,999,000	Indirect

Footnotes

The purchase of the shares of Common Stock were made pursuant to a plan intended to comply with Rule 10b5-1(c), previously entered into on March 19, 2015.
The number of securities reported represents an aggregate number of shares purchased in multiple open market transactions over a range of purchase prices. The price reported represents the weighted average price. The Reporting Person undertakes to provide to the staff of the SEC, the Issuer, or a stockholder of the Issuer, upon request, the number of shares purchased by the Reporting Person at each separate price within the range.
Purchase prices range from $2.16 to $2.18 per share, inclusive.
Purchase prices range from $2.12 to $2.13 per share, inclusive.
The Reporting Person is the sole member of JSW Investments, LLC, which is the managing member of Walker Digital, LLC; therefore the reporting person may be deemed to indirectly beneficially own the Issuer shares owned by Walker Digital, LLC.
Each share of Series B Convertible Preferred Stock is convertible, at the option of the reporting person, at any time and from time to time, into one (1) share of Issuer's Common Stock.