Sec Form 4 Filing - WALKER DIGITAL, LLC @ Patent Properties, Inc. - 2014-02-13

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person WALKER DIGITAL, LLC 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) (Last) (First) (Middle) TWO HIGH RIDGE PARK 3. Date of Earliest Transaction (MM/DD/YY) 02/13/2014 (Street) STAMFORD, CT06905 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) _____ Form filed by One Reporting Person __ X __ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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 (MM/DD/YY) 7. Title and Amount of Underlying Securities (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 of Derivative Security: 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

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other WALKER DIGITAL, LLC TWO HIGH RIDGE PARK STAMFORD, CT06905 X JSW Investments, LLC TWO HIGH RIDGE PARK STAMFORD, CT06905 X WALKER JAY S TWO HIGH RIDGE PARK STAMFORD, CT06905 X Signatures /s/ Walker Digital, LLC, Jay S. Walker, Authorized Person 03/12/2015 Signature of Reporting Person Date /s/ JSW Investments, LLC, Jay S. Walker, Sole Member 03/12/2015 Signature of Reporting Person Date /s/ Jay S. Walker 03/12/2015 Signature of Reporting Person Date

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.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

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