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 *
PRATT JOEL P
  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)
Senior Vice Presi / dent
(Last)
(First)
(Middle)
57 LONG POINT DRIVE
3. Date of Earliest Transaction (Month/Day/Year)
05/25/2006
(Street)

AMELIA ISLAND, FL 32034
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               13,895 I Biomet 401(k)
Common Stock               16,794 I Bmet Employee Stock Bonus Plan
Common Stock 05/25/2006   M   4,500 A $ 11.1388 99,637 I Joint Living Trust
Common Stock 05/25/2006   M   4,688 A $ 20.8333 104,325 I Joint Living Trust
Common Stock 05/25/2006   M   15,000 A $ 29.0933 119,325 I Joint Living Trust
Common Stock 05/25/2006   M   8,750 A $ 24 128,075 I Joint Living Trust
Common Stock 05/25/2006   M   4,000 A $ 24 132,075 I Joint Living Trust
Common Stock 05/25/2006   M   10,000 A $ 28.88 142,075 I Joint Living Trust
Common Stock               4,653 I (1) Reporting Person's IRA
Common Stock               4,212 I (1) Spouse's IRA

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. SEC 1474 (9-02)

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 $ 11.1388 05/25/2006   M     4,500 09/27/2004 09/26/2006 Common Stock 4,500 $ 0 56,191 D  
Employee Stck Option $ 29.0933 05/25/2006   M     15,000   (2)   (2) Common Stock 15,000 $ 0 41,191 D  
Employee Stck Option $ 24 05/25/2006   M     1,250 07/18/2004 07/17/2006 Common Stock 1,250 $ 0 39,941 D  
Employee Stck Option $ 24 05/25/2006   M     1,250 07/18/2005 07/17/2007 Common Stock 1,250 $ 0 38,691 D  
Employee Stck Option $ 24 05/25/2006   M     6,250   (2)   (2) Common Stock 6,250 $ 0 32,441 D  
Employee Stck Option $ 24 05/25/2006   M     4,000 07/18/2005 07/17/2007 Common Stock 4,000 $ 0 28,441 D  
Employee Stck Option $ 28.88 05/25/2006   M     1,250 07/10/2004 07/09/2006 Common Stock 1,250 $ 0 27,191 D  
Employee Stck Option $ 28.88 05/25/2006   M     1,250 07/10/2005 07/09/2007 Common Stock 1,250 $ 0 25,941 D  
Employee Stck Option $ 28.88 05/25/2006   M     7,500 07/10/2005 07/09/2007 Common Stock 7,500 $ 0 18,441 D  
Employee Stck Option $ 20.8333 05/26/2006   M     938 01/17/2005 01/16/2007 Common Stock 938 $ 0 17,503 D  
Employee Stck Option $ 20.8333 05/26/2006   M     937 01/17/2006 01/16/2008 Common Stock 937 $ 0 16,566 D  
Employee Stck Option $ 20.8333 05/26/2006   M     2,813   (2)   (2) Common Stock 2,813 $ 0 13,753 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
PRATT JOEL P
57 LONG POINT DRIVE
AMELIA ISLAND, FL 32034
      Senior Vice Presi dent

Signatures

 Jacqueline K. Huber POA for Joel P. Pratt   05/26/2006
**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) The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
(2) The vesting of these options was accelerated in connection with the retirement of the Reporting Person.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.