ANIP ANI Pharmaceuticals Inc

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

o

Rule 13d-1(b)

o

Rule 13d-1(c)

x

Rule 13d-1(d)

CUSIP No. 09065V302

13G

1.

Names of Reporting Persons
I.R.S. Identification Nos. of Above Persons (Entities Only)

FA Private Equity Fund IV, L.P.

36-4432547

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)

o

(b)

x

3.

SEC Use Only

4.

Citizenship or Place of Organization
DE

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power
519,345

6.

Shared Voting Power
00,000

7.

Sole Dispositive Power
519,345

8.

Shared Dispositive Power
00,000

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
519,345

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o

11.

Percent of Class Represented by Amount in Row (9)
4.6%

12.

Type of Reporting Person (See Instructions)
PN

CUSIP No. 09065V302

13G

1.

Names of Reporting Persons
I.R.S. Identification Nos. of Above Persons (Entities Only)

FA Private Equity Fund IV GmbH & Co. Beteiligungs KG

Foreign

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)

o

(b)

x

3.

SEC Use Only

4.

Citizenship or Place of Organization
Germany

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power
21,634

6.

Shared Voting Power
00,000

7.

Sole Dispositive Power
21,634

8.

Shared Dispositive Power
00,000

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
21,634

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o

11.

Percent of Class Represented by Amount in Row (9)
0.2%

12.

Type of Reporting Person (See Instructions)
PN

CUSIP No. 09065V302

13G

1.

Names of Reporting Persons
I.R.S. Identification Nos. of Above Persons (Entities Only)

The Productivity Fund IV Liquidating Trust

45-6899967

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)

o

(b)

x

3.

SEC Use Only

4.

Citizenship or Place of Organization
DE

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power
210,844

6.

Shared Voting Power
00,000

7.

Sole Dispositive Power
210,844

8.

Shared Dispositive Power
00,000

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
210,844

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o

11.

Percent of Class Represented by Amount in Row (9)
1.9%

12.

Type of Reporting Person (See Instructions)
OO (Other)

CUSIP No. 09065V302

13G

1.

Names of Reporting Persons
I.R.S. Identification Nos. of Above Persons (Entities Only)

The Productivity Fund IV Advisors Fund Liquidating Trust

45-6899983

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)

o

(b)

x

3.

SEC Use Only

4.

Citizenship or Place of Organization
DE

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power
8,111

6.

Shared Voting Power
00,000

7.

Sole Dispositive Power
8,111

8.

Shared Dispositive Power
00,000

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
8,111

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o

11.

Percent of Class Represented by Amount in Row (9)
0.1%

12.

Type of Reporting Person (See Instructions)
OO (Other)

CUSIP No. 09065V302

13G

1.

Names of Reporting Persons
I.R.S. Identification Nos. of Above Persons (Entities Only)

Tracy L. Marshbanks

###-##-####

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)

o

(b)

x

3.

SEC Use Only

4.

Citizenship or Place of Organization
United States

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power
8,310 (1)

6.

Shared Voting Power
759,934

7.

Sole Dispositive Power
2,770 (2)

8.

Shared Dispositive Power
759,934

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
768,244

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o

11.

Percent of Class Represented by Amount in Row (9)
6.8%

12.

Type of Reporting Person (See Instructions)
IN

CUSIP No. 000000000

13G

Item 1.

(a)

Name of Issuer
ANI PHARMACEUTICALS, INC.

(b)

Address of Issuer’s Principal Executive Offices
210 Main Street West, Baudette, MN 56623

Item 2.

(a)

Name of Person Filing
See Cover Pages, Item 1

(b)

Address of the Principal Office or, if none, Residence
c/o First Analysis Corp.,
One S. Wacker Dr.
Suite 3900
Chicago, IL 60606

(c)

Citizenship
See Cover Pages, Item 4.

(d)

Title of Class of Securities
Common Stock

(e)

CUSIP Number
09065V302

Item 3.

If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

(a)

o

Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).

(b)

o

Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

(c)

o

Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).

(d)

o

Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).

(e)

o

An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);

(f)

o

An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);

(g)

o

A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G);

(h)

o

A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

(i)

o

A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

(j)

o

Group, in accordance with §240.13d-1(b)(1)(ii)(J).

Item 4.

Ownership.

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

See Cover Pages, Items 5 through 11.

(a)

Amount beneficially owned:   

(b)

Percent of class:   

(c)

Number of shares as to which the person has:

(i)

Sole power to vote or to direct the vote   

(ii)

Shared power to vote or to direct the vote    

(iii)

Sole power to dispose or to direct the disposition of   

(iv)

Shared power to dispose or to direct the disposition of.   

Instruction. For computations regarding securities which represent a right to acquire an underlying security see §240.13d-3(d)(1).

Item 5.

Ownership of Five Percent or Less of a Class.

n/a

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following  o.

Instruction. Dissolution of a group requires a response to this item.

Item 6.

Ownership of More than Five Percent on Behalf of Another Person.

Please see Exhibit I attached hereto.

Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company.

n/a

Item 8.

Identification and Classification of Members of the Group.

Please see Exhibit I attached hereto.

Item 9.

Notice of Dissolution of Group.

n/a

CUSIP No. 09065V302

13G

Item 10.

Certification.

n/a

(a)

The following certification shall be included if the statement is filed pursuant to §240.13d-1(b):

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

(b)

The following certification shall be included if the statement is filed pursuant to §240.13d-1(c):

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

2/2/2014

Date

/s/ Tracy L. Marshbanks

Signature

Tracy L. Marshbanks

Name/Title

FA PRIVATE EQUITY FUND IV, L.P.

By: FA Private Equity Management IV, L.L.C., its General Partner

By: First Analysis Private Equity Management Company IV, L.L.C., its Managing Member

By: First Analysis Venture Operations and Research, L.L.C., its Managing Member

By: First Analysis Corporation, its Manager

By: Tracy L. Marsbhanks, Managing Director

FA PRIVATE EQUITY FUND IV GMBH & CO. BETEILIGUNGS KG

By: FA Private Equity Management IV, L.L.C., its Managing Limited Partner

By: First Analysis Private Equity Management Company IV, L.L.C., its Managing Member

By: First Analysis Venture Operations and Research, L.L.C., its Managing Member

By: First Analysis Corporation, its Manager

THE PRODUCTIVITY FUND IV LIQUIDATING TRUST

By: First Analysis Management Company IV, L.L.C., its Trustee

By: First Analysis Venture Operations and Research, L.L.C., Its Managing Member

By: First Analysis Corporation, Its Manager

By: Tracy L. Marsbhanks, Managing Director

THE PRODUCTIVITY FUND IV ADVISORS FUND LIQUIDATING TRUST

By: First Analysis Management Company IV, L.L.C., its Trustee

By: First Analysis Venture Operations and Research, L.L.C., Its Managing Member

By: First Analysis Corporation, Its Manager

By: Tracy L. Marsbhanks, Managing Director

Tracy L. Marshbanks