Ownership Submission
FORM 3
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF 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 *
  Kolter William C
2. Date of Event Requiring Statement (Month/Day/Year)
08/03/2006
3. Issuer Name and Ticker or Trading Symbol
BIOMET INC [BMET]
(Last)
(First)
(Middle)
56 E. BELL DRIVE, P.O. BOX 587
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
President - Biomet / Orthopedics, Inc.
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

WARSAW, IN 46580
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 Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 6,428
I
401(k) Profit Sharing Plan
Common Stock 7,272
I
Bmet Employee Stock Bonus Plan
Common Stock (joint) 19,020
D
 

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(Month/Day/Year)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stck Option 09/28/2004 09/27/2006 Common Stock 1,800 $ 11.1388 D  
Employee Stck Option 01/17/2005 01/16/2007 Common Stock 563 $ 20.8333 D  
Employee Stck Option 01/17/2006 01/16/2008 Common Stock 562 $ 20.8333 D  
Employee Stck Option 01/17/2007 01/16/2009 Common Stock 563 $ 20.8333 D  
Employee Stck Option 01/17/2008 01/16/2010 Common Stock 562 $ 20.8333 D  
Employee Stck Option 01/17/2009 01/16/2011 Common Stock 563 $ 20.8333 D  
Employee Stck Option 04/09/2005 04/08/2007 Common Stock 500 $ 25.29 D  
Employee Stck Option 04/09/2006 04/08/2008 Common Stock 500 $ 25.29 D  
Employee Stck Option 04/09/2007 04/08/2009 Common Stock 500 $ 25.29 D  
Employee Stck Option 04/09/2008 04/08/2010 Common Stock 500 $ 25.29 D  
Employee Stck Option 04/09/2009 04/08/2011 Common Stock 500 $ 25.29 D  
Employee Stck Option 04/09/2010 04/08/2012 Common Stock 500 $ 25.29 D  
Employee Stck Option 11/19/2004 11/18/2006 Common Stock 625 $ 27.75 D  
Employee Stck Option 11/19/2005 11/18/2007 Common Stock 625 $ 27.75 D  
Employee Stck Option 11/19/2006 11/18/2008 Common Stock 625 $ 27.75 D  
Employee Stck Option 11/19/2007 11/18/2009 Common Stock 625 $ 27.75 D  
Employee Stck Option 11/19/2008 11/18/2010 Common Stock 625 $ 27.75 D  
Employee Stck Option 11/19/2009 11/18/2011 Common Stock 625 $ 27.75 D  
Employee Stck Option 11/19/2010 11/18/2012 Common Stock 625 $ 27.75 D  
Employee Stck Option   (1)   (1) Common Stock 8,000 $ 28.4 D  
Employee Stck Option   (2)   (2) Common Stock 10,000 $ 43.71 D  
Employee Stck Option   (3)   (3) Common Stock 12,000 $ 33.91 D  
Employee Stck Option   (4)   (4) Common Stock 25,000 $ 36.93 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Kolter William C
56 E. BELL DRIVE
P.O. BOX 587
WARSAW, IN 46580
      President - Biomet Orthopedics, Inc.

Signatures

William C. Kolter 08/04/2006
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(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) This option vests in eight equal annual installments beginning August 6, 2004. Each installment expires two years from its vesting date.
(2) The option vests in eight equal annual installments beginning June 28, 2005. Each installment expires two years from its vesting date.
(3) This option vests in eight equal annual installments beginning July 7, 2006. Each installment expires two years form its vesting date.
(4) This option vests in eight equal annual installments beginning March 20, 2007. Each installment expires two years from its vesting date.
 
Remarks:
Note: Also see attached Exhibit EX-24 Power of Attorney.

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