Ownership Submission
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 OF SECURITIES

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
OMB APPROVAL
OMB Number: 3235-0287
Expires: January 31, 2005
Estimated average burden hours per response... 0.5

(Print or Type Responses)
1. Name and Address of Reporting Person *
PUCCINELLI ROBERT A
   2. Issuer Name and Ticker or Trading Symbol
Internet Patents Corp [INSW] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
10850 GOLD CENTER DRIVE, SUITE 250		 3. Date of Earliest Transaction (Month/Day/Year)
01/23/2012
(Street)

RANCHO CORDOVA, CA 95670		 4. If Amendment, Date 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
(City)
(State)
(Zip)
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 01/23/2012   A(1)   26,667 D $ 3.48 62,942 D  
Common Stock 01/25/2012   A(1)   314 D $ 5.35 63,256 D  
Common Stock 01/25/2012   A(1)   314 D $ 4.85 63,570 D  
Common Stock 01/25/2012   A(1)   700 D $ 3.05 64,270 D  
Common Stock 01/25/2012   A(1)   600 D $ 1.4 64,870 D  
Common Stock 01/25/2012   A(1)   700 D $ 1.9 65,570 D  
Common Stock 01/25/2012   A(1)   700 D $ 2.85 66,270 D  
Common Stock 01/25/2012   A(1)   15,000 D $ 4.74 81,270 D  
Common Stock 01/25/2012   A(1)   5,000 D $ 4.75 86,270 D  
Common Stock 01/25/2012   A(1)   5,000 D $ 4.35 91,270 D  
Common Stock 01/25/2012   A(1)   5,000 D $ 3.25 96,270 D  
Common Stock 01/25/2012   A(1)   34,005 D $ 2.1 130,275 D  
Common Stock 01/25/2012   A(1)   5,000 D $ 3.18 135,275 D  
Common Stock 01/25/2012   A(1)   15,000 D $ 5.25 150,275 D  
Common Stock 01/25/2012   A(1)   5,000 D $ 5.1 155,275 D  
Common Stock 01/25/2012   A(1)   15,000 D $ 7 170,275 D  
Common Stock 01/25/2012   A(1)   5,000 D $ 7.22 175,275 D  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. SEC 1474 (9-02)

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 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
Option to purchase $ 3.48 01/23/2012   M     26,667 01/25/2007 01/25/2012 Common Stock 26,667 $ 3.48 0 D  
Option to purchase $ 5.35 01/25/2012   M     314 01/29/2002 01/29/2012 Common Stock 314 $ 5.35 0 D  
Option to purchase $ 4.85 01/25/2012   M     314 04/16/2002 04/16/2012 Common Stock 314 $ 4.85 0 D  
Option to purchase $ 3.05 01/25/2012   M     700 07/16/2002 07/16/2012 Common Stock 700 $ 3.05 0 D  
Option to purchase $ 1.4 01/25/2012   M     600 10/15/2002 10/15/2012 Common Stock 600 $ 1.4 0 D  
Option to purchase $ 1.9 01/25/2012   M     700 01/28/2003 01/28/2013 Common Stock 700 $ 1.9 0 D  
Option to purchase $ 2.85 01/25/2012   M     700 04/22/2003 04/22/2013 Common Stock 700 $ 2.85 0 D  
Option to purchase $ 4.74 01/25/2012   M     15,000 06/04/2003 06/04/2013 Common Stock 15,000 $ 4.74 0 D  
Option to purchase $ 4.75 01/25/2012   M     5,000 07/01/2003 07/01/2013 Common Stock 5,000 $ 4.75 0 D  
Option to purchase $ 4.35 01/25/2012   M     5,000 07/01/2004 07/01/2014 Common Stock 5,000 $ 4.35 0 D  
Option to purchase $ 3.25 01/25/2012   M     5,000 07/01/2005 07/01/2012 Common Stock 5,000 $ 3.25 0 D  
Option to purchase $ 2.1 01/25/2012   M     34,005 03/11/2009 03/11/2014 Common Stock 34,005 $ 2.1 0 D  
Option to purchase $ 3.18 01/25/2012   M     5,000 07/01/2009 07/01/2014 Common Stock 5,000 $ 3.18 0 D  
Option to purchase $ 5.25 01/25/2012   M     15,000 03/30/2010 03/30/2015 Common Stock 15,000 $ 5.25 0 D  
Option to purchase $ 5.1 01/25/2012   M     5,000 07/01/2010 07/01/2015 Common Stock 5,000 $ 5.1 0 D  
Option to purchase $ 7 01/25/2012   M     15,000 12/15/2010 12/15/2015 Common Stock 15,000 $ 7 0 D  
Option to purchase $ 7.22 01/25/2012   M     5,000 07/01/2011 07/01/2016 Common Stock 5,000 $ 7.22 0 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
PUCCINELLI ROBERT A
10850 GOLD CENTER DRIVE
SUITE 250
RANCHO CORDOVA, CA 95670		   X      

Signatures

 /s/ L. Eric Loewe, Attorney in fact for Robert A. Puccinelli   01/27/2012
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Shares acquired by exercise of stock options.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.