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

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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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