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 *
NIGALAYE ASHOK G
  2. Issuer Name and Ticker or Trading Symbol
ELITE PHARMACEUTICALS INC /NV/ [ELTP]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director __X__ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Chief Scientific Officer
(Last)
(First)
(Middle)
C/O EPIC PHARMA, LLC, 227-15 NORTH CONDUIT AVENUE
3. Date of Earliest Transaction (Month/Day/Year)
04/25/2013
(Street)

LAURELTON, NY 11413
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 04/25/2013   D   150,000 D $ 0.08 22,510,022 (2) I (1) see footnote (1)
Common Stock 04/26/2013   D   243,926 D $ 0.0802 22,266,096 (3) I (1) see footnote (1)
Common Stock 04/26/2013   C(7)   8,230,453 A $ 0 30,496,549 (4) I (1) see footnote (1)
Common Stock 04/29/2013   D   130,000 D $ 0.08 30,366,546 (5) I (1) see footnote (1)
Common Stock 04/29/2013   J(8)   13,367,481 D $ 0.0369 16,999,068 (6) I (1) see footnote (1)

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
Series E Convertible Preferred Stock $ 0.0243 04/26/2013   C     200 04/26/2013   (10) Common Stock 8,230,453 $ 1,000 1,600 I (1) see footnote (1)
Warrants $ 0.0625 04/26/2013   J(9)     13,272,999 10/30/2009 10/30/2016 Common Stock 13,272,999 $ 0 26,727,001 I (1) see footnote (1)

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
NIGALAYE ASHOK G
C/O EPIC PHARMA, LLC
227-15 NORTH CONDUIT AVENUE
LAURELTON, NY 11413
  X   X   Chief Scientific Officer  

Signatures

 Ashok Nigalaye   04/29/2013
**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) Ashok G. Nigalaye is an equity owner and executive officer of each of Epic Pharma, LLC ("EP"), and Epic Investments, LLC ("EI") (which is controlled by EP), which owns securities convertible into or exercisable for in excess of 10% of the outstanding shares of common stock of the issuer, and also serves as a director of the issuer.
(2) Of the 22,510,022 shares of common stock, 14,910,666 shares of common stock are owned indirectly through EI and 7,599,356 shares are owned directly by the reporting person.
(3) Of the 22,266,096 shares of common stock, 14,666,740 shares of common stock are owned indirectly through EI and 7,599,356 shares are owned directly by the reporting person
(4) Of the 30,496,549 shares of common stock, 22,897,193 shares of common stock are owned indirectly through EI and 7,599,356 shares are owned directly by the reporting person
(5) Of the 30,366,546 shares of common stock, 22,767,193 shares of common stock are owned indirectly through EI and 7,599,356 shares are owned directly by the reporting person
(6) Of the 16,999,068 shares of common stock, 9,399,712 shares of common stock are owned indirectly through EI and 7,599,356 shares are owned directly by the reporting person
(7) Conversion of Series E Preferred Stock of issuer at the rate of approximately 41,152.26 shares of common for each share of such preferred stock.
(8) Disposition of shares to its members
(9) Disposition of warrants to its members
(10) N/A

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