ANI PHARMACEUTICALS INC

Ticker: ANIP CUSIP: 00182C103 Class: Common Stock

Ativo Capital Management LLC's Holding History (CIK: 0001423065)

Note: Option positions (PUT/CALL) are excluded.

Q1 2016

Shares 13,005 Value ($000) $438 Avg Close $33.92 Range $26.80 - $46.01

Q4 2015

Shares 11,505 Value ($000) $519 Avg Close $43.04 Range $36.15 - $50.07

Q3 2015

Shares 10,205 Value ($000) $436 Avg Close $56.89 Range $37.20 - $73.54

Q2 2015

Shares 9,204 Value ($000) $513 Avg Close $59.51 Range $47.56 - $72.61

Q1 2015

Shares 7,615 Value ($000) $476 Avg Close $60.83 Range $50.70 - $71.78

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2016	13,005	$438	$33.92	$26.80 - $46.01
Q4 2015	11,505	$519	$43.04	$36.15 - $50.07
Q3 2015	10,205	$436	$56.89	$37.20 - $73.54
Q2 2015	9,204	$513	$59.51	$47.56 - $72.61
Q1 2015	7,615	$476	$60.83	$50.70 - $71.78