X0303 4 2009-06-02 0000006314 ANAREN INC ANEN 0001157493 GERST CARL W 6635 KIRKVILLE ROAD P.O. BOX 178 EAST SYRACUSE NY 13057 1 1 0 0 Chief Tech. Off/ Vice Chairman Common Stock 2009-06-02 4 M 0 60000 12.4165 A 376021 D Common Stock 2009-06-02 4 S 0 60000 16.7368 D 316021 D Common Stock 13500 I By Spouse Stock Option 12.4165 2009-06-02 4 M 0 60000 12.4165 D 2009-11-01 Common Stock 60000 0 D The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.40 to $17.15, inclusive. The reporting person undertakes to provide Anaren, Inc., any security holder of Anaren, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The option vested in five equal installments on November 2, 2000, 2001, 2002, 2003, and 2004. /s/ David M. Ferrara, as attorney-in-fact, pursuant to a power of attorney for Carl W. Gerst 2009-06-04