Key Finding: This chart uses PTO statistics concerning petitions that were denied institution. In the PTO’s FY 2013, 17.6% of institution decisions were denials. Settlement may impact the rate of institution. For FY 2013 through FY 2015, the rate of institution of CBM review was similar to that of IPR. The PTO statistics state that, in FY 2013 there were 3 settlements before an institution decision. In FY 2014, there were 21 settlements before institution. In FY 2015, 14 settlements occurred before institution. Note that the PTO’s fiscal year runs from October 1 to September 30.