X0303 4 2011-06-30 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 2011-06-30 4 D 0 2000 D 307992 D Common Stock 2011-07-13 4 M 0 12000 19.21 A 319992 D Common Stock 13500 I By Spouse Stock Option (right to buy) 19.21 2011-07-13 4 M 0 12000 0 D 2011-07-15 Common Stock 12000 0 D The shares of restricted stock were granted to the reporting person on May 17, 2006 and were subject to forfeiture until the latter of the third anniversary of the date of grant or the last day of Anaren, Inc.'s single fiscal year (but no later than fiscal year 2011) during which the company had both (A) net sales from operations of at least $250 million and (B) operating income of at least 12% of the net sales, excluding certain expenses. These shares were forfeited because the financial performance conditions identified above were not met by June 30, 2011. The option vested in five equal installments on July 16, 2002, 2003, 2004, 2005, and 2006. /s/ David M. Ferrara, as attorney-in-fact, pursuant to a power of attorney for Carl W. Gerst 2011-07-15