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 *
Allen Thomas R
  2. Issuer Name and Ticker or Trading Symbol
BIOMET INC [BMET]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Pres. International
(Last)
(First)
(Middle)
56 E. BELL DRIVE, P.O. BOX 587
3. Date of Earliest Transaction (Month/Day/Year)
07/17/2007
(Street)

WARSAW, IN 46582
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

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
Employee Stck Option $ 33.19 07/17/2007   D(1)     20,000 10/09/2007 10/08/2016(2) Common Stock 20,000 $ 46 32,651 D  
Employee Stck Option $ 33.91 07/17/2007   D(1)     12,000 07/07/2006 07/06/2015(2) Common Stock 12,000 $ 46 20,651 D  
Employee Stck Option $ 43.71 07/17/2007   D(1)     8,750 06/28/2006 06/27/2014(2) Common Stock 8,750 $ 46 11,901 D  
Employee Stck Option $ 30.19 07/17/2007   D(1)     3,850 09/02/2005 09/01/2013(2) Common Stock 3,850 $ 46 8,051 D  
Employee Stck Option $ 27.75 07/17/2007   D(1)     3,300 11/19/2005 11/18/2012(2) Common Stock 3,300 $ 46 4,751 D  
Employee Stck Option $ 25.29 07/17/2007   D(1)     2,500 04/09/2006 04/08/2012(2) Common Stock 2,500 $ 46 2,251 D  
Employee Stck Option $ 31.25 07/17/2007   D(1)     2,251 01/17/2006 01/16/2011(2) Common Stock 2,251 $ 46 0 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Allen Thomas R
56 E. BELL DRIVE
P.O. BOX 587
WARSAW, IN 46582
      Pres. International  

Signatures

 Jacqueline K. Huber POA for Thomas R. Allen   07/19/2007
**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) Per the Agreement and Plan of Merger, dated as of December 18, 2006 (amended and restated as of June 7, 2007), among Biomet, Inc., LVB Acquisition, LLC and LVB Acquitision Merger Sub, Inc., the option was cancelled and the reporting person is entitled to receive an amount in cash equal to the product of (i) the total number of shares subject to the option immediately prior to July 17, 2007 multiplied by (ii) the excess, if any, of $46.00 over the exercise price per share, less applicable taxes required to be withheld with respect to such payment.
(2) These dates represent the outstanding unvested portion of the original option grant. The remaining award vests annually in 1/8 increments of original amount awarded beginning on the date as noted in 'Date Exercisable' and the final 1/8 increment expiring as noted in 'Expiration Date'.

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