SEC FORM 3

SEC Form 3

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
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Starr Jonathan

(Last)

(First)

(Middle)

701 EDGEWATER DRIVE

SUITE 360

(Street)

WAKEFIELD

01880

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
04/01/2007

3. Issuer Name and Ticker or Trading Symbol
POLYMEDICA CORP [ PLMD ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chief Financial Officer

5. If Amendment, Date of 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

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	255.4199	D
Common Stock	12,500⁽¹⁾	D

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: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Stock Option	01/17/2003⁽²⁾	01/17/2013	Common Stock	10,500	$13.75	D
Stock Option	03/31/2003⁽³⁾	03/31/2013	Common Stock	5,000	$15.225	D
Stock Option	06/30/2003⁽⁴⁾	06/30/2013	Common Stock	4,125	$22.93	D
Stock Option	09/30/2003⁽⁵⁾	09/30/2013	Common Stock	4,500	$26.5	D
Stock Option	12/31/2003⁽⁶⁾	12/31/2013	Common Stock	6,000	$26.3	D
Stock Option	03/31/2004⁽⁷⁾	03/31/2014	Common Stock	6,000	$26.8	D
Stock Option	06/30/2004⁽⁸⁾	06/30/2014	Common Stock	5,000	$31.04	D
Stock Option	09/30/2004⁽⁹⁾	09/30/2014	Common Stock	5,000	$30.8	D
Stock Option	11/12/2004⁽¹⁰⁾	11/12/2014	Common Stock	30,000	$34.75	D
Stock Option	12/31/2004⁽¹¹⁾	12/31/2014	Common Stock	5,000	$37.29	D
Stock Option	03/31/2005⁽¹²⁾	03/31/2015	Common Stock	5,000	$31.76	D
Stock Option	05/27/2005⁽¹³⁾	05/27/2015	Common Stock	26,250	$34.7	D

Explanation of Responses:

1. Shares were acquired pursuant to a restricted stock agreement containing a vesting schedule whereby 100% of the shares will vest on 5/27/09.

2. Issued under a stock option plan which, under certain conditions, allows for the surrender of shares to satisfy tax withholding obligations. These options are fully vested. Of the 24,000 options initially granted, 13,500 have been exercised.

3. Issued under a stock option plan which, under certain conditions, allows for the surrender of shares to satisfy tax withholding obligations. These options are fully vested. Of the 8,000 options initially granted, 3,000 have been exercised.

4. Issued under a stock option plan which, under certain conditions, allows for the surrender of shares to satisfy tax withholding obligations. Of the 6,000 options initially granted pursuant to this option grant, 1,500 were exercisable on 6/30/04; the remaining options are exercisable in equal installments at the end of each calendar quarter beginning on 9/30/04 and ending on 6/30/07. Of the 6,000 options initially granted, 1,875 have been exercised.

5. Issued under a stock option plan which, under certain conditions, allows for the surrender of shares to satisfy tax withholding obligations. Of the 6,000 options initially granted pursuant to this option grant, 1,500 were exercisable on 9/30/04; the remaining options are exercisable in equal installments at the end of each calendar quarter beginning on 12/31/04 and ending on 9/30/07. Of the 6,000 options initially granted, 1,500 have been exercised.

6. Issued under a stock option plan which, under certain conditions, allows for the surrender of shares to satisfy tax withholding obligations. Of the 6,000 options initially granted pursuant to this option grant, 1,500 were exercisable on 12/31/04; the remaining options are exercisable in equal installments at the end of each calendar quarter beginning on 3/31/05 and ending on 12/31/07.

7. Issued under a stock option plan which, under certain conditions, allows for the surrender of shares to satisfy tax withholding obligations. Of the 6,000 options initially granted pursuant to this option grant, 1,500 were exercisable on 3/31/05; the remaining options are exercisable in equal installments at the end of each calendar quarter beginning on 6/30/05 and ending on 3/31/08.

8. Issued under a stock option plan which, under certain conditions, allows for the surrender of shares to satisfy tax withholding obligations. Of the 5,000 options initially granted pursuant to this option grant, 1,250 were exercisable on 06/30/05; the remaining options are exercisable in equal installments at the end of each calendar quarter beginning on 9/30/05 and ending on 6/30/08.

9. Issued under a stock option plan which, under certain conditions, allows for the surrender of shares to satisfy tax withholding obligations. Of the 5,000 options initially granted pursuant to this option grant, 1,250 were exercisable on 9/30/05; the remaining options are exercisable in equal installments at the end of each calendar quarter beginning on 12/31/05 and ending on 9/30/08.

10. Issued under a stock option plan which, under certain conditions, allows for the surrender of shares to satisfy tax withholding obligations. Of the 30,000 options initially granted pursuant to this option grant, 7,500 were exercisable on 11/12/05; the remaining options are exercisable in equal installments at the end of each calendar quarter beginning on 12/31/05 and ending on 9/30/08.

11. Issued under a stock option plan which, under certain conditions, allows for the surrender of shares to satisfy tax withholding obligations. Of the 5,000 options initially granted pursuant to this option grant, 1,250 were exercisable on 12/31/05; the remaining options are exercisable in equal installments at the end of each calendar quarter beginning on 3/31/06 and ending on 12/31/08.

12. Issued under a stock option plan which, under certain conditions, allows for the surrender of shares to satisfy tax withholding obligations. Of the 5,000 options initially granted pursuant to this option grant, 1,250 were exercisable on 3/31/06; the remaining options are exercisable in equal installments at the end of each calendar quarter beginning on 6/30/06 and ending on 3/31/09.

13. Issued under a stock option plan which, under certain conditions, allows for the surrender of shares to satisfy tax withholding obligations. Of the 26,250 options initially granted pursuant to this option grant, 6,562 were exercisable on 5/27/06; the remaining options are exercisable in equal installments at the end of each calendar quarter beginning on 6/30/06 and ending on 3/31/09.

Remarks:

	/s/ Jonathan Starr	04/09/2007
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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