Sec Form 4 Filing - Friedman Martin S. @ ANCHOR BANCORP WISCONSIN INC - 2014-10-22

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 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 Friedman Martin S. 2. Issuer Name and Ticker or Trading Symbol ANCHOR BANCORP WISCONSIN INC [ ABCW] 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) 1313 DOLLEY MADISON BLVD., STE 306 3. Date of Earliest Transaction (MM/DD/YY) 10/22/2014 (Street) MCLEAN, VA22101 4. If Amendment, Date Original Filed (MM/DD/YY) 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 (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 10/22/2014 A 4,000 ( 1 ) A $ 26 5,000 D Common Stock 10/22/2014 S 1,500 ( 2 ) D $ 24.31 48,500 I See Footnotes ( 3 ) ( 4 ) Common Stock 10/22/2014 S 24,834 ( 5 ) D $ 24.31 802,966 I See Footnotes ( 3 ) ( 4 )

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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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 (MM/DD/YY) 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 Friedman Martin S. 1313 DOLLEY MADISON BLVD. STE 306 MCLEAN, VA22101 X Signatures /s/ Martin S. Friedman 10/23/2014 Signature of Reporting Person Date

Explanation of Responses:

( 1 )Consists of shares of Anchor Bancorp Wisconsin Inc. (the "Issuer") purchased by Mr. Friedman in the Issuer's initial public offering at the initial public offering price. ( 2 )Consists of shares sold by Financial Opportunity Fund LLC (formerly FJ Capital Long/Short Equity Fund LLC) ("Financial Fund") in the Issuer's initial public offering at the initial public offering price, net of the underwriter discount in such offering. ( 3 )Martin S. Friedman (the "Reporting Person") is the managing member of FJ Capital Management LLC, which is (i) the managing member of Financial Fund, which holds 48,500 of the shares of Issuer reported herein and (ii) the sub-investment advisor of Bridge Equities III, LLC ("Bridge"), which holds 802,966 of the shares of the Issuer (together with the shares held by Financial Fund, the "Shares"). ( 4 )Because of the Reporting Person's relationship to Financial Fund and Bridge, the Reporting Person may be deemed to beneficially own the Shares to the extent of the greater of his direct or indirect pecuniary interest in the profits or capital accounts of each of Financial Fund and Bridge. Pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), this filing shall not be deemed an admission that the Reporting Person is, for purposes of Section 16 of the Exchange Act or otherwise, the beneficial owner of any Shares beneficially owned in excess of his pecuniary interest. ( 5 )Consists of shares sold by Bridge in the Issuer's initial public offering at the initial public offering price, net of the underwriter discount in such offering.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

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