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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1. Name and Address of Reporting Person * SHERWOOD CHARLES H   2. Issuer Name and Ticker or Trading Symbol Anika Therapeutics, Inc. [ANIK] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) President and CEO (Last) (First) (Middle) 32 WIGGINS AVENUE 3. Date of Earliest Transaction (Month/Day/Year) 05/05/2014 (Street) BEDFORD, MA 01730 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 (1) 05/05/2014   M   49,000 A $ 10.51 78,806 D   Common Stock (2) 05/05/2014   M   49,000 A $ 12.36 127,806 D   Common Stock (3) 05/05/2014   M   57,530 A $ 10.99 185,336 D   Common Stock (4) 05/05/2014   M   82,000 A $ 3.05 267,336 D   Common Stock (5) 05/05/2014   M   100,000 A $ 6.36 367,336 D   Common Stock 05/05/2014   F   189,381 (6) D $ 47.46 177,955 D

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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

Stock Appreciation Right

$ 10.51

05/05/2014

A

49,000

(1)

01/26/2016

Common Stock

49,000

$ 0

0

D

Stock Appreciation Right

$ 12.36

05/05/2014

A

49,000

(2)

12/14/2016

Common Stock

49,000

$ 0

0

D

Stock Appreciation Right

$ 10.99

05/05/2014

A

57,530

(3)

01/31/2018

Common Stock

57,530

$ 0

0

D

Stock Appreciation Right

$ 3.05

05/05/2014

A

82,000

(4)

03/02/2019

Common Stock

82,000

$ 0

0

D

Stock Appreciation Right

$ 6.36

05/05/2014

A

100,000

(5)

01/26/2020

Common Stock

100,000

$ 0

0

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
SHERWOOD CHARLES H 32 WIGGINS AVENUE BEDFORD, MA 01730	X		President and CEO

Signatures

/s/ Charles H. Sherwood, Ph. D.		05/07/2014
**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)	Exercise of stock appreciation rights ("SARs") granted on January 26, 2006 vesting in four equal annual installments beginning January 26, 2007.
(2)	Exercise of SARs granted on December 14, 2006 vesting in four equal annual installments beginning December 14, 2007.
(3)	Exercise of SARs granted on January 31, 2008 vesting in four equal annual installments beginning January 31, 2009.
(4)	Exercise of SARs granted on March 2, 2009 vesting in four equal annual installments beginning March 2, 2010.
(5)	Exercise of SARs granted on January 26, 2010 vesting in four equal annual installments beginning January 26, 2011.
(6)	Reflects an aggregate of 133,776 shares of common stock retained by the Issuer to satisfy tax witholding obligations, and 55,605 shares of common stock to cover the exercise of the above listed SARs awards by the Reporting Person on May 5, 2014.

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