X0304 4 2011-10-27 0000006314 ANAREN INC ANEN 0001157487 SALA LAWRENCE A 6635 KIRKVILLE ROAD P.O. BOX 178 EAST SYRACUSE NY 13057 1 1 0 0 President, CEO and Chairman Common Stock 2011-10-27 4 M 0 50000 15.00 A 429652 D Common Stock 2011-10-27 4 S 0 20000 20.988 D 409652 D Common Stock 2011-10-27 5 G 0 2000 0 D 407652 D Common Stock 2011-10-27 5 G 0 2000 0 A 28968 I By Children Common Stock 10000 I By Spouse Stock Option (right to buy) 15.00 2011-10-27 4 M 0 50000 0 D 2011-11-02 Common Stock 50000 0 D The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $20.691 to $21.165, 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. Gift to the reporting person's children, 1,000 shares each to Lauren and Luke Sala. The option vested in five equal installments on November 2, 2002, 2003, 2004, 2005, and 2006. /s/ David M. Ferrara, as attorney-in-fact, pursuant to a power of attorney for Lawrence A. Sala 2011-10-28