Prism Technologies (PRZM) Form 3 Internet Patents / GREGORY J DUMAN ownership change

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

DUMAN GREGORY J

(Last) (First) (Middle)

C/O INTERNET PATENTS CORPORATION

101 PARKSHORE DR., SUITE 100

(Street)

FOLSOM CA 95630

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
03/26/2015

3. Issuer Name and Ticker or Trading Symbol
Internet Patents Corp [ PTNT ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
Pres., Prism Technologies, LLC

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	259,186	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Option to purchase	(1)	03/26/2020	Common Stock	56,250	2.68	D
Option to purchase	(2)	03/26/2020	Common Stock	56,250	2.68	D

Explanation of Responses:

1. 18,750 vest on March 26, 2016; 37,500 vest monthly in equal installments from March 26, 2016 to March 26, 2018.

2. Vest in equal installments over three years based on meeting annual performance criteria.

	/s/ L. Eric Loewe, Attorney in Fact for Gregory J. Duman	04/28/2015
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
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