SEC Form 4

FORM 4		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person* WALKER DIGITAL, LLC (Last) (First) (Middle) TWO HIGH RIDGE PARK (Street) STAMFORD CT 06905 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol Patent Properties, Inc. [ PPRO ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director X 10% Owner Officer (give title below) Other (specify below)
	3. Date of Earliest Transaction (Month/Day/Year) 02/13/2014
	4. If Amendment, Date of Original Filed (Month/Day/Year)	6. Individual or Joint/Group Filing (Check Applicable Line) Form filed by One Reporting Person X Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/13/2014		S(1)		5,000,000	D	$3	2,667,667	D(2)
Common Stock	02/13/2014		S(1)		5,000,000	D	$3	2,667,667	I	JSW Investments, LLC
Common Stock	02/13/2014		S(1)		5,000,000	D	$3	2,667,667	I	Jay S. Walker
Common Stock	04/04/2014		J(3)		309,167	D	$3	2,358,500	D(2)
Common Stock	04/04/2014		J(3)		309,167	D	$3	2,358,500	I	JSW Investments, LLC
Common Stock	04/04/2014		J(3)		309,167	D	$3	2,358,500	I	Jay S. Walker

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Series B Convertible Preferred Stock	$0							(4)	(4)	Common Stock	14,999,000		14,999,000	D(2)
Series B Convertible Preferred Stock	$0							(4)	(4)	Common Stock	14,999,000		14,999,000	I	JSW Investments, LLC
Series B Convertible Preferred Stock	$0							(4)	(4)	Common Stock	14,999,000		14,999,000	I	Jay S. Walker

1. Name and Address of Reporting Person* WALKER DIGITAL, LLC (Last) (First) (Middle) TWO HIGH RIDGE PARK (Street) STAMFORD CT 06905 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* JSW Investments, LLC (Last) (First) (Middle) TWO HIGH RIDGE PARK (Street) STAMFORD CT 06905 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* WALKER JAY S (Last) (First) (Middle) TWO HIGH RIDGE PARK (Street) STAMFORD CT 06905 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

Explanation of Responses:

1. On February 11, 2014, we announced that Patent Properties entered into a Registration Rights Agreement dated as of February 10, 2014 in connection with the sale by Walker Digital. LLC of an aggregate of 5 million shares of common stock at $3.00 per share to a group of accredited investors.

2. By Walker Digital, LLC.

3. On April 4, 2014, Walker Digital transferred 309,167 shares of the Issuer's outstanding shares of Common Stock to Mr. Gary Greene in a private transaction in connection with the settlement of certain employment related matters. No cash consideration was received or paid in such transfer.

4. 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.

	/s/ Walker Digital, LLC, Jay S. Walker, Authorized Person	03/12/2015
	/s/ JSW Investments, LLC, Jay S. Walker, Sole Member	03/12/2015
	/s/ Jay S. Walker	03/12/2015
	** Signature of Reporting Person	Date
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