Item 1(a)

Name of Issuer.

IGI Laboratories, Inc., a Delaware corporation (the “Company”)

Item 1(b)

Address of Issuer’s Principal Executive Offices.

105 Lincoln Avenue

Buena, New Jersey 08310

Item 2(a)

Name of Person Filing.

Jane E. Hager

Edward B. Hager

Hager Family Trust

The foregoing persons are sometimes individually referred to herein as a “Reporting Person” and collectively as the “Reporting Persons.”

Item 2(b)

Address of Principal Business Office or, if None, Residence.

The address of the principal business offices of each of the Reporting Persons is c/o IGI Laboratories, Inc., 105 Lincoln Avenue, Buena, New Jersey 08310.

Item 2(c)

Citizenship.

Each of Mr. and Mrs. Hager is a citizen of the United States of America.

The place of organization of the Hager Family Trust is New Hampshire.

Item 2(d)

Title of Class of Securities.

common stock, $0.01 par value per share (the “Common Stock”)

Item 2(e)

CUSIP Number.

449575 10 9

Item 3

If this statement is filed pursuant to §§ 240.13d-1(b), or 240.13d-2(b) or (c), check whether the person filing is a:

(a) [_]

Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);

(b) [_]

Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);

(c) [_]

Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);

(d) [_]

Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8);

(e) [_]

An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);

(f) [_]

An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);

(g) [_]

A parent holding company or control person in accordance with
§240.13d-1(b)(1)(ii)(G);

(h) [_]

A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

(i) [_]

A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

(j) [_]

A non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J);

(k) [_]

Group, in accordance with §240.13d-1(b)(1)(ii)(K).

If filing as a non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J), please specify the type of institution:__________________________________

Not Applicable.

Item 4

Ownership.

Provide the following information regarding the aggregate number and percentage of the class of securities of the Issuer identified in Item 1.

(a)     Amount beneficially owned:

(1)   As of December 31, 2011, Jane E. Hager beneficially owned 3,388,079 shares of Common Stock of the Company, which includes the following:

(i)    22,411 shares of Common Stock were held directly by Mrs. Hager;

(ii)   671,830 shares of Common Stock were held by the Jane E. Hager Trust of 1990 of which Mrs. Hager acts as sole trustee and has sole voting and dispositive power over the shares held by the trust and retains the power to revoke the trust;

(iii)  175,000 shares of Common Stock purchasable upon exercise of stock options exercisable within 60 days of December 31, 2011;

(iv)   1,219,893 shares of Common Stock were held by the Hager Family Trust of which Mrs. Hager serves as co-trustee with Edward B. Hager, her husband, and shares voting and dispositive power over the shares held by the trust with her husband;

(v)    72,464 shares of common stock issuable upon conversion of 50 shares of Series C Convertible Preferred Stock held by Jane E. Hager Trust of 1990 of which Mrs. Hager Acts as sole trustee and has sole voting and dispositive power of the shares held by the trust and 6,969 shares of common stock issuable upon conversion of accrued and unpaid dividends on the Series C Convertible Preferred Stock from the issuance date of such shares through February 29, 2012; and

(vi)   1,219,512 shares of Common Stock held by Pinnacle Mountain Partners, LLC of which Mrs. Hager and her husband share voting and investment power.

(2)   As of December 31, 2011, Edward B. Hager beneficially owned an aggregate of 2,636,816 shares of Common Stock of the Company, which includes the following:

(i)    1,219,893  shares of Common Stock which were held by the Hager Family Trust of which Mr. Hager serves as co-trustee with his wife, Jane E. Hager, and shares voting and dispositive power over the shares held by the trust with his wife;

(ii)   22,411 shares of Common Stock held by his wife;

(iii)  175,000 shares of Common Stock purchasable upon exercise of stock options exercisable within 60 days of December 31, 2011 by his wife; and

(iv)   1,219,512 shares of Common Stock held by Pinnacle Mountain Partners, LLC of which Mr. Hager and his wife share voting and investment power.

(3)   As of December 31, 2011, the Hager Family Trust beneficially owned an aggregate of 1,219,893shares of Common Stock of the Company.  Jane E. Hager and Edward B. Hager are co-trustees of the Hager Family Trust and share voting and dispositive power over the shares held by the trust.  Mr. Hager is the settler of the trust and retains the power to revoke the trust.  Mrs. Hager is the sole beneficiary of the Hager Family Trust.

By virtue of their marital status, each of Mr. and Mrs. Hager is considered to have the power to vote or direct the vote of, and to dispose or direct the disposition of, the shares of the Company’s Common Stock owned by each other, for his or her account. Where Mrs. Hager acts as sole trustee of a trust, the sole trustee is considered to have the power to vote or direct the vote of, and to dispose or direct the disposition of, the shares of the Company’s Common Stock owned by the trust, but the trustee’s spouse is not considered to have or share such power.

The filing of this statement shall not be construed as an admission that each of the Reporting Persons is, for the purposes of Sections 13(d) or 13(g) of the Securities Exchange Act of 1934, as amended, the beneficial owner of any securities covered by this statement.

(b)

Percent of class:  See Item 11 of the Cover Page of this Schedule 13G for each of the Reporting Persons.

(c)

Number of shares as to which the person has:

(i)

Sole power to vote or to direct the vote:  See Item 5 of the Cover Page of this Schedule 13G for each of the Reporting Persons.

(ii)

Shared power to vote or to direct the vote: See Item 6 of the Cover Page of this Schedule 13G for each of the Reporting Persons.

(iii)

Sole power to dispose or to direct the disposition of: See Item 7 of the Cover Page of this Schedule 13G for each of the Reporting Persons.

(iv)

Shared power to dispose or to direct the disposition of: See Item 8 of the Cover Page of this Schedule 13G for each of the Reporting Persons.

Item 5

Ownership of Five Percent or Less of a Class.

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [   ].

Item 6

Ownership of More than Five Percent on Behalf of Another Person.

Not applicable.

Item 7

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.

Not applicable.

Item 8

Identification and Classification of Members of the Group.

Not applicable.

Item 9

Notice of Dissolution of Group.

Not applicable.

Item 10

Certification.

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

Date: February 14, 2012

/s/ Jane E. Hager

Jane E. Hager

/s/ Edward B. Hager

Edward B. Hager

Hager Family Trust

By:

/s/ Edward B. Hager

Edward B. Hager, as trustee

/s/ Jane E. Hager

Jane E. Hager

/s/ Edward B. Hager

Edward B. Hager

Hager Family Trust

By:  

/s/ Edward B. Hager

Edward B. Hager, as trustee