Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
MARSHBANKS TRACY
  2. Issuer Name and Ticker or Trading Symbol
BIOSANTE PHARMACEUTICALS INC [bpax]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
1 SOUTH WACKER DRIVE, SUITE 3900
3. Date of Earliest Transaction (Month/Day/Year)
06/19/2013
(Street)

CHICAGO, IL 60606
4. If Amendment, Date Original Filed(Month/Day/Year)
6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 06/19/2013   A   3,314,964 A (1) 3,314,964 I See Footnote 2 (2)
Common Stock 06/19/2013   A   138,091 A (3) 138,091 I See Footnote 4 (4)
Common Stock 06/19/2013   A   1,345,812 A (5) 1,345,812 I See Footnote 6 (6)
Common Stock 06/19/2013   A   51,778 A (7) 51,778 I See Footnote 8 (8)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
MARSHBANKS TRACY
1 SOUTH WACKER DRIVE
SUITE 3900
CHICAGO, IL 60606
  X      

Signatures

 Tracy L. Marshbanks   06/19/2013
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) On June 19, 2013, the issuer's wholly-owned subsidiary merged with ANIP Acquisition Company d/b/a ANI Pharmaceuticals, Inc., a privately-held Delaware corporation (ANI). Holders of ANI's series D preferred stock received shares of the issuer's common stock as merger consideration. FA Private Equity Fund IV, L.P., a former holder of ANI series D preferred stock, acquired shares of issuer common stock in exchange for its shares of ANI series D preferred stock.
(2) 1: Held by: FA Private Equity Fund IV, L.P., of which the Reporting Person may be deemed to be a beneficial owner pursuant to rule 16a-1(a)(1).
(3) On June 19, 2013, the issuer's wholly-owned subsidiary merged with ANIP Acquisition Company d/b/a ANI Pharmaceuticals, Inc., a privately-held Delaware corporation (ANI). Holders of ANI's series D preferred stock received shares of the issuer's common stock as merger consideration. FA Private Equity Fund IV GmbH & Co. Beteiligungs KG, a former holder of ANI series D preferred stock, acquired shares of issuer common stock in exchange for its shares of ANI series D preferred stock.
(4) Held by: FA Private Equity Fund IV GmbH & Co. Beteiligungs KG, of which the Reporting Person may be deemed to be a beneficial owner pursuant to rule 16a-1(a)(1).
(5) On June 19, 2013, the issuer's wholly-owned subsidiary merged with ANIP Acquisition Company d/b/a ANI Pharmaceuticals, Inc., a privately-held Delaware corporation (ANI). Holders of ANI's series D preferred stock received shares of the issuer's common stock as merger consideration. The Productivity Fund IV Liquidating Trust, a former holder of ANI series D preferred stock, acquired shares of issuer common stock in exchange for its shares of ANI series D preferred stock.
(6) Held by: The Productivity Fund IV Liquidating Trust, of which the Reporting Person may be deemed to be a beneficial owner pursuant to rule 16a-1(a)(1).
(7) On June 19, 2013, the issuer's wholly-owned subsidiary merged with ANIP Acquisition Company d/b/a ANI Pharmaceuticals, Inc., a privately-held Delaware corporation (ANI). Holders of ANI's series D preferred stock received shares of the issuer's common stock as merger consideration. The Productivity Fund IV Advisors Fund Liquidating Trust, a former holder of ANI series D preferred stock, acquired shares of issuer common stock in exchange for its shares of ANI series D preferred stock.
(8) Held by: The Productivity Fund IV Advisors Fund Liquidating Trust, of which the Reporting Person may be deemed to be a beneficial owner pursuant to rule 16a-1(a)(1).
 
Remarks:
Reporting person disclaims the existence of a "group" and disclaims beneficial ownership of any securities (except to the extent of such Reporting Person's pecuniary interest in such securities) other than any securities reported herein as being directly owned by such Reporting Person and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of any such securities for purpose of Section 26 or any other purpose.

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