SEC FORM 4

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

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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^*

Vintage Capital Management LLC

(Last)

(First)

(Middle)

4705 S. APOPKA VINELAND ROAD, SUITE 210

(Street)

ORLANDO

32819

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
ANAREN INC [ ANEN ]

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

Director	X	10% Owner
Officer (give title below)	X	Other (specify below)
		Please see footnotes

3. Date of Earliest Transaction (Month/Day/Year)
11/04/2013

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock, par value $.01 per share	11/04/2013		S		462,684	D	$27.7472	1,221,316	I	Please see footnotes⁽¹⁾⁽²⁾⁽³⁾⁽⁴⁾⁽⁵⁾⁽⁶⁾⁽⁷⁾
Common Stock, par value $.01 per share	11/04/2013		S		90,075	D	$27.75	1,131,241	I	Please see footnotes⁽¹⁾⁽²⁾⁽³⁾⁽⁴⁾⁽⁵⁾⁽⁶⁾⁽⁷⁾
Common Stock, par value $.01 per share	11/04/2013		S		54,045	D	$27.75	1,077,196	I	Please see footnotes⁽¹⁾⁽²⁾⁽³⁾⁽⁴⁾⁽⁵⁾⁽⁶⁾⁽⁷⁾
Common Stock, par value $.01 per share	11/04/2013		S		95,955	D	$27.75	981,241	I	Please see footnotes⁽¹⁾⁽²⁾⁽³⁾⁽⁴⁾⁽⁵⁾⁽⁶⁾⁽⁷⁾
Common Stock, par value $.01 per share	11/04/2013		S		821,316	D	$27.7472	159,925	I	Please see footnotes⁽¹⁾⁽²⁾⁽³⁾⁽⁴⁾⁽⁵⁾⁽⁶⁾⁽⁷⁾
Common Stock, par value $.01 per share	11/04/2013		S		159,925	D	$27.75	0	I	Please see footnotes⁽¹⁾⁽²⁾⁽³⁾⁽⁴⁾⁽⁵⁾⁽⁶⁾⁽⁷⁾

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

1. Name and Address of Reporting Person^*

Vintage Capital Management LLC

(Last)

(First)

(Middle)

4705 S. APOPKA VINELAND ROAD, SUITE 210

(Street)

ORLANDO

32819

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

Director	X	10% Owner
Officer (give title below)	X	Other (specify below)
		Please see footnotes

1. Name and Address of Reporting Person^*

Vintage Partners, L.P.

(Last)

(First)

(Middle)

4705 S. APOPKA VINELAND ROAD, SUITE 210

(Street)

ORLANDO

32819

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

Director		10% Owner
Officer (give title below)	X	Other (specify below)
		Please see footnotes

1. Name and Address of Reporting Person^*

VINTAGE PARTNERS GP, LLC

(Last)

(First)

(Middle)

4705 S. APOPKA VINELAND ROAD, SUITE 210

(Street)

ORLANDO

32819

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

Director		10% Owner
Officer (give title below)	X	Other (specify below)
		Please see footnotes

1. Name and Address of Reporting Person^*

Vintage Avenue, L.P.

(Last)

(First)

(Middle)

4705 S. APOPKA VINELAND ROAD, SUITE 210

(Street)

ORLANDO

32819

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

Director		10% Owner
Officer (give title below)	X	Other (specify below)
		Please see footnotes

1. Name and Address of Reporting Person^*

Vintage Avenue GP, LLC

(Last)

(First)

(Middle)

4705 S. APOPKA VINELAND ROAD, SUITE 210

(Street)

ORLANDO

32819

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

Director		10% Owner
Officer (give title below)	X	Other (specify below)
		Please see footnotes

1. Name and Address of Reporting Person^*

KAHN CAPITAL MANAGEMENT LLC

(Last)

(First)

(Middle)

4705 S. APOPKA VINELAND ROAD, SUITE 210

(Street)

ORLANDO

32819

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

Director		10% Owner
Officer (give title below)	X	Other (specify below)
		Please see footnotes

1. Name and Address of Reporting Person^*

KAHN BRIAN RANDALL

(Last)

(First)

(Middle)

4705 S. APOPKA VINELAND ROAD, SUITE 210

(Street)

ORLANDO

32819

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

Director		10% Owner
Officer (give title below)	X	Other (specify below)
		Please see footnotes

Explanation of Responses:

1. In addition to Vintage Capital Management, LLC, a Delaware limited liability company ("Vintage Capital"), this Form 4 is being filed jointly by Vintage Partners, L.P., a Delaware limited partnership ("Vintage Partners"), Vintage Partners GP, LLC, a Delaware limited liability company ("Partners GP"), Vintage Avenue, L.P., a Delaware limited partnership ("Vintage Avenue"), Vintage Avenue GP, LLC, a Delaware limited liability company ("Avenue GP"), Kahn Capital Management, LLC, a Delaware limited liability company ("Kahn Capital"), and Brian R. Kahn, a citizen of the United States of America, each of whom has the same business address as Vintage Capital.

2. Following all of the transactions reported on this Form 4, neither Vintage Partners nor Vintage Avenue owns any shares of the common stock, par value $.01 per share ("Common Stock"), of Anaren, Inc.

3. Partners GP, as the general partner of Vintage Partners, has the power to direct the voting and disposition of any shares of Common Stock that Vintage Partners owns beneficially and directly, and accordingly may be deemed to be the beneficial owner (as that term is defined in Rule 13d-3 promulgated under the Securities Exchange Act of 1934, as amended) of any shares of Common Stock owned beneficially and directly by Vintage Partners. Partners GP disclaims beneficial ownership of such shares for all other purposes, except to the extent of its pecuniary interest therein.

4. Avenue GP, as the general partner of Vintage Avenue, has the power to direct the voting and disposition of any shares of Common Stock that Vintage Avenue owns beneficially and directly, and accordingly may be deemed to be the beneficial owner of any shares of Common Stock owned beneficially and directly by Vintage Avenue. Avenue GP disclaims beneficial ownership of such shares for all other purposes, except to the extent of its pecuniary interest therein.

5. Vintage Capital, as the investment manager of Vintage Partners and Vintage Avenue, has the power to direct the voting and disposition of any shares of Common Stock that Vintage Partners and Vintage Avenue own beneficially and directly, and accordingly may be deemed to be the beneficial owner of any shares of Common Stock owned beneficially and directly by Vintage Partners and Vintage Avenue. Vintage Capital disclaims beneficial ownership of such shares for all other purposes, except to the extent of its pecuniary interest therein.

6. Kahn Capital, as a member and the majority owner of each of Partners GP, Avenue GP and Vintage Capital, may be deemed to have the power to direct the voting and disposition of any shares of Common Stock that Vintage Partners and Vintage Avenue own beneficially and directly, and accordingly may be deemed to be the beneficial owner of any shares of Common Stock owned beneficially and directly by the Vintage Partners and Vintage Avenue. Kahn Capital disclaims beneficial ownership of such shares for all other purposes, except to the extent of its pecuniary interest therein.

7. Mr. Kahn, as the manager of each of Partners GP, Avenue GP, Vintage Capital and Kahn Capital, has the power to direct the voting and disposition of any shares of Common Stock that Vintage Partners and Vintage Avenue own beneficially and directly, and accordingly may be deemed to be the beneficial owner of any shares of Common Stock owned beneficially and directly by Vintage Partners and Vintage Avenue. Mr. Kahn disclaims beneficial ownership of such shares for all other purposes, except to the extent of his pecuniary interest therein.

	Vintage Partners, L.P., by: Vintage Partners GP, LLC, its General Partner, by: /s/ Brian R. Kahn, Manager	11/05/2013
	Vintage Partners GP, LLC, by: /s/ Brian R. Kahn, Manager	11/05/2013
	Vintage Avenue, L.P., by: Vintage Avenue GP, LLC, its General Partner, by: /s/ Brian R. Kahn, Manager	11/05/2013
	Vintage Avenue GP, LLC, by: /s/ Brian R. Kahn, Manager	11/05/2013
	Vintage Capital Management, LLC, by: /s/ Brian R. Kahn, Manager	11/05/2013
	Kahn Capital Management, LLC, by: /s/ Brian R. Kahn, Manager	11/05/2013
	/s/ Brian R. Kahn	11/05/2013
	** 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 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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