UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 11-K

(Mark One)

þ ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended December 31, 2007

OR

o TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from                      to                     .

Commission file number: 333-65940

     A. Full title of the plan and the address of the plan, if different from that of the issuer named below:

ZIMMER PUERTO RICO SAVINGS AND INVESTMENT PROGRAM

     B. Name of issuer of the securities held pursuant to the plan and the address of its principal executive office:

ZIMMER HOLDINGS, INC.
345 East Main Street
Warsaw, Indiana 46580

REQUIRED INFORMATION

Item 4. The Plan is subject to the Employee Retirement Income Security Act of 1974 (“ERISA”) and the Plan’s financial statements and schedule have been prepared in accordance with the financial reporting requirements of ERISA. To the extent required by ERISA, the Plan’s financial statements have been examined by independent accountants, except that the “limited scope exemption” contained in Section 103(a)(3)(C) of ERISA was not available. Such financial statements and schedule are included in this Report in lieu of the information required by Items 1-3 of Form 11-K.

Financial Statements and Exhibits

(a) Financial Statements:

Financial Statements:

Supplemental Schedule:

Other supplemental schedules required by Section 2520.103-10 of the Department of Labor’s Rules and Regulations for Reporting and Disclosure under ERISA have been omitted because they are not applicable.

(b) Exhibits

23.1 Consent of Crowe Chizek and Company LLC

Report of Independent Registered Public Accounting Firm

To the Participants and Administrator of
the Zimmer Puerto Rico Savings and Investment Program
Warsaw, Indiana

We have audited the accompanying statements of net assets available for benefits of the Zimmer Puerto Rico Savings and Investment Program (“the Plan”) as of December 31, 2007 and 2006, and the related statement of changes in net assets available for benefits for the year ended December 31, 2007. These financial statements are the responsibility of the Plan’s management. Our responsibility is to express an opinion on these financial statements based on our audits.

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements referred to above present fairly, in all material respects, the net assets available for benefits of the Plan as of December 31, 2007 and 2006, and the changes in net assets available for benefits for the year ended December 31, 2007 in conformity with U.S. generally accepted accounting principles.

Our audit was conducted for the purpose of forming an opinion on the basic financial statements taken as a whole. The supplemental Schedule H, Line 4i — Schedule of Assets (Held at End of Year) is presented for the purpose of additional analysis and is not a required part of the basic financial statements but is supplemental information required by the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. The supplemental schedule is the responsibility of the Plan’s management. The supplemental schedule has been subjected to the auditing procedures applied in the audit of the basic 2007 financial statements and, in our opinion, is fairly stated in all material respects in relation to the basic 2007 financial statements as a whole.

/s/ Crowe Chizek and Company LLC

South Bend, Indiana
June 23, 2008

Zimmer Puerto Rico Savings and Investment Program

Statements of Net Assets Available for Benefits
at December 31, 2007 and 2006

	2007		2006
Investments at fair value (Notes 1, 2, 3 and 4)
Program interest in Zimmer Master Trust (Note 4)	$	3,478,843	$	4,048,579
Mutual funds		2,269,108		1,812,235
Common/collective funds		1,328,783		1,174,608
Cash equivalents		202,003		112,053
Total investments		7,278,737		7,147,475
Contributions receivable
Employee		33,710		28,683
Employer		93,710		57,977
Total contributions receivable		127,420		86,660
Total assets		7,406,157		7,234,135
Net assets reflecting all investments at fair value		7,406,157		7,234,135
Adjustment from fair value to contract value for fully benefit-responsive investment contracts		10,074		14,083
Net assets available for benefits	$	7,416,231	$	7,248,218

The accompanying notes are an integral part of these financial statements.

Zimmer Puerto Rico Savings and Investment Program

Statement of Changes in Net Assets Available for Benefits
for the year ended December 31, 2007

Additions to net assets attributed to:
Investment income
Interest and dividends	$	182,030
Net appreciation in fair value of mutual funds		59,121
Total investment income		241,151
Contributions
Employee		846,806
Employer		473,976
Rollovers		17,461
Total contributions		1,338,243
Total additions		1,579,394
Deductions from net assets attributed to:
Program interest in Zimmer Master Trust investment loss (Note 4)		491,949
Benefits paid directly to participants		791,957
Other		127,475
Total deductions		1,411,381
Net increase		168,013
Net assets available for benefits
Beginning of year		7,248,218
End of year	$	7,416,231

The accompanying notes are an integral part of these financial statements.

Zimmer Puerto Rico Savings and Investment Program

Notes to Financial Statements
December 31, 2007

1. Summary of Significant Accounting Policies

Basis of Accounting

The accompanying financial statements of the Zimmer Puerto Rico Savings and Investment Program (the “Program”) are prepared on the accrual basis of accounting in accordance with U.S. generally accepted accounting principles.

Valuation of Investments and Income Recognition

Certain assets of the Program are held by Fidelity Management Trust Company in a master trust and are commingled with assets of another benefit plan sponsored by Zimmer Holdings, Inc. (the “Company” or “Employer”). The Program’s investment in the master trust is stated at estimated fair value. The fair value of the Program’s interest in the Zimmer Holdings, Inc. Savings and Investment Program Master Trust (“Zimmer Master Trust”) is based on the beginning of year value of the Program’s interest in the trust plus actual contributions and allocated investment income less actual distributions and allocated administrative expenses. The Program’s assets in the Zimmer Master Trust are participant loans and the Zimmer Stock Fund, which consists of shares of the Company’s common stock and cash. The underlying common stock is valued at the last reported sales price at the end of the year or, if there was no sale that day, the last reported bid price. Banco Popular de Puerto Rico serves as trustee for the Program’s investments in mutual funds, common/collective funds and cash equivalents.

Quoted market prices are used to value mutual funds. Common/collective funds are valued at the fund’s net asset value reflecting all investments at fair value, including direct and indirect interests in fully benefit-responsive contracts, as reported by the fund manager, on the last day of the Program year. The fund’s net asset value is determined by the bank or entity sponsoring such funds by dividing the fund’s net assets at fair value by its units outstanding at the valuation date. Net assets available for benefits reflects the Program’s interest in the contract value of the stable value fund (common collective fund) because the Program’s allocable share of the difference between fair value and contract value for this investment is presented as a separate adjustment in the statement of net assets available for benefits. Contract value represents contributions made under the contract, plus earnings, less participant withdrawals and administrative expenses, and is the amount participants would receive if they were to initiate permitted transactions under the terms of the Program. Cash equivalents are valued at cost plus interest earned, which approximates fair value.

Program participant loans are valued at cost, which approximates fair value. The Program presents in its statement of changes in net assets available for benefits an allocation of the Master Trust’s net income (loss) which consists of realized gains or losses and unrealized appreciation (depreciation) on investments. The Program also presents in its statement of changes in net assets available for benefits the net appreciation (depreciation) in the fair value of mutual funds which consists of the realized gains or losses and the unrealized appreciation (depreciation) on those investments. Purchases and sales of securities are recorded on a trade date basis. Interest income is recorded on the accrual basis. Dividends are recorded on the ex-dividend date.

Effect of Newly Issued But Not Yet Effective Accounting Standards

In September 2006, the Financial Accounting Standards Board (FASB) issued Statement No. 157, Fair Value Measurements (FAS 157). This Statement defines fair value, establishes a framework for measuring fair value and expands disclosures about fair value measurements. This Statement establishes a fair value hierarchy about the assumptions used to measure fair value and clarifies assumptions about risk and the effect of a restriction on the sale or use of an asset. The standard is effective for fiscal years beginning after November 15, 2007. In February 2008, the FASB issued Staff Position (FSP) 157-2, Effective Date of FASB Statement No. 157. This FSP delays the effective date of

Zimmer Puerto Rico Savings and Investment Program
Notes to Financial Statements
December 31, 2007

FAS 157 for all nonfinancial assets and nonfinancial liabilities, except those that are recognized or disclosed at fair value on a recurring basis (at least annually) to fiscal years beginning after November 15, 2008, and interim periods within those fiscal years. The impact of the adoption of FAS 157 on the Program’s net assets available for benefits and changes in net assets available for benefit is not anticipated to be material.

In February 2007, the FASB issued Statement No. 159, The Fair Value Option for Financial Assets and Financial Liabilities. The Statement provides reporting entities with an option to report selected financial assets and liabilities at fair value and establishes presentation and disclosure requirements designed to facilitate comparisons between reporting entities that choose different measurement attributes for similar types of assets and liabilities. The new Statement is effective for the Program on January 1, 2008. The Program did not elect the fair value option for any financial assets or financial liabilities as of January 1, 2008.

Payments of Benefits

Benefits are recorded when paid.

Use of Estimates

The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of net assets available for benefits and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of changes in net assets available for benefits during the reporting period. Actual results could differ from those estimates.

Risks and Uncertainties

The Program provides for various investment options in any combination of the Zimmer Stock Fund, a common/collective fund, mutual funds, or a money market fund. The underlying investment securities are exposed to various risks, such as interest rate, market and credit. Due to the level of risk associated with certain investment securities and the level of uncertainty related to changes in the value of investment securities, it is at least reasonably possible that changes in risks in the near term could materially affect participants’ account balances and the amounts reported in the statements of net assets available for benefits and the statement of changes in net assets available for benefits.

Tax Status and Reporting

The Program obtained a determination letter on July 25, 2002, in which the Internal Revenue Service (“IRS”) stated that the Program, as then designed, was in compliance with the applicable requirements of the Internal Revenue Code (“IRC”). The Program has been restated and was filed with the IRS in January 2008 to obtain a favorable determination letter for all previous amendments. The Program administrator believes the Program is currently designed and is being operated in compliance, as self-corrected under the IRS’ program, with the applicable requirements of the IRC.

2. Description of Program

The following description of the Program provides only general information. Participants should refer to the Summary Program Description or Program document, available from the Program administrator, for a more complete description of the Program’s provisions. In the event of a conflict, the Program document, as amended from time to time, shall control.

The Program was established August 6, 2001, in conjunction with the date the Company was spun-off from Bristol-Myers Squibb Company. The Program provides a way for employees of the Company to save on a regular and long-term basis and to encourage continued careers within the Company. In

Zimmer Puerto Rico Savings and Investment Program
Notes to Financial Statements
December 31, 2007

conjunction with the spin-off of the Company, the account balances of active Company employees under the Bristol-Myers Squibb Puerto Rico, Inc. Savings and Investment Program (the “BMS Program”) were transferred from the BMS Program to the Program. Employees who are regularly scheduled to work at least 1,000 hours per year may immediately commence compensation deferral under the Program and become eligible for the employer match after six months of service. Employees of the Company who are not anticipated to work 1,000 hours per year may participate in the Program upon completing 1,000 hours of service in a twelve-month period. The Program is subject to the provisions of the Employee Retirement Income Security Act of 1974 (“ERISA”).

Each participant may contribute a pre-tax and after-tax amount not to exceed a total of 16 percent of the participant’s annual salary or wages, as defined by the Program, for the Program year. The participant contributions include a basic contribution ranging from 2 percent to 6 percent of the participant’s annual salary or wages, as elected by the participant. In addition, if the participant elects a 6 percent basic contribution, a supplementary contribution from 1 percent to, generally, 10 percent, may then be authorized by the participant. All contributions are subject to certain limitations.

For participants hired on or after September 2, 2002, the Company shall contribute a matching contribution equal to 100 percent of the first 6 percent of the participant’s contributions made to the Program, after six months of service. Additionally, participants hired on or after September 2, 2002, after completing six months of service, receive a fixed Company contribution of 2 percent of the employee’s base pay regardless of whether or not the employee has elected to make participant contributions to the Program. However, the participant must be employed on the last day of the applicable plan year (December 31) in order to receive this fixed Company contribution.

For participants hired before September 2, 2002 by the Company, the Company shall contribute a matching contribution equal to 75 percent of the first 6 percent of the participant’s contributions made to the Program. Participants hired before September 2, 2002 also participate in a defined benefit plan.

All Company matching and fixed contributions are allocated to the participants’ accounts based upon their current investment elections.

Certain assets of the Program are held in the Zimmer Master Trust. The Program allows for various fund options from which participants select to allocate their contributions and earnings thereon, some of which are within the Zimmer Master Trust and some of which are not. As of December 31, 2007, the Program offered a money market fund, two common/collective funds, 19 mutual funds (18 at December 31, 2006) and a Zimmer Stock Fund as options for participants. All investments are participant directed.

Each participant’s account is credited with the participant’s contribution, the Employer’s matching and fixed contributions, Program earnings, and expenses, if any. Program earnings are allocated to participants on a daily basis in the same proportion as the value of the participant’s account bears to the value of all participant accounts invested in the various funds. The benefit to which a participant is entitled is the benefit that can be provided from the participant’s vested account.

All voluntary participant contributions and earnings thereon are always 100 percent vested. Participants vest in the Employer matching contributions and earnings thereon 20 percent after one year with an additional 20 percent each year thereafter until fully vested after five years of service. Any portion of a participant’s account that is not vested at the time of final distribution is forfeited and used to reduce future Employer contributions. At December 31, 2007 and 2006, there were $7,395 and $14,982 of non-vested forfeitures available to reduce future Employer contributions, respectively. In February 2008, $8,000 was utilized to reduce the employer contribution receivable as of December 31, 2007. The employer contribution receivable amount as of December 31, 2007 recorded in the statement of net assets available for benefits reflects this reduction.

Zimmer Puerto Rico Savings and Investment Program
Notes to Financial Statements
December 31, 2007

Participants or their beneficiaries may request a distribution of their account balance upon separation of service by reason of retirement, death, disability or termination. Effective April 1, 2005, all distributions are made in lump-sum amounts. Prior to April 1, 2005, at the Participant’s discretion, distributions could be made in installment payments or in lump-sum amounts. Distribution of investments in the Zimmer Stock Fund may be in cash or stock, as elected by the participant. Withdrawals may also be made when a participant attains age
59 ¹/2 or demonstrates financial hardship. There were no benefits payable to participants who were eligible to receive a distribution from the Program but had not yet been paid at December 31, 2007 and 2006.

Program expenses are paid by the Program, to the extent not paid by the Company.

Participants may borrow from the Program approved amounts up to the lesser of 50 percent of the participants’ vested account balances, or $50,000. Interest on the loan is based on the then-existing prime rate offered by banks plus one percent. The loans are collateralized by the participants’ vested account balances and shall be repaid over a period as elected by the participant, not to exceed five years unless used in the purchase of a home.

Although it is not the Company’s intent to do so, in the event the Program is terminated or upon complete discontinuance of contributions under the Program by the Company, the rights of each participant to their account on the date of such termination or discontinuance are fully vested and nonforfeitable.

3. Investments

The following investments represent 5 percent or more of the Program’s net assets at December 31, 2007 and 2006:

	2007		2006
Program interest in Zimmer Master Trust	$	3,478,843	$	4,062,662
Fidelity Managed Income Portfolio II		1,328,731		1,174,559
Spartan U.S. Equity Index Fund		534,271		438,366

4. Interest in Zimmer Master Trust

Certain of the Program’s investments are in the Zimmer Master Trust which was established for the investment of assets of the Program and assets of another Zimmer sponsored retirement plan. The plans participating in the Zimmer Master Trust collectively own, through the Zimmer Master Trust, the assets based upon investment percentages. Participant transaction activity is designated to specific underlying investments of the Master Trust. Accordingly, each plan’s investment percentage in the Zimmer Master Trust changes regularly. Income earned by the Zimmer Master Trust is allocated to the various plans based upon the investment percentage on the day the income is earned. At December 31, 2007 and 2006, the Program’s interest in the net assets of the Zimmer Master Trust was approximately 1.2 percent and 1.4 percent, respectively. The Program’s approximate share of the Zimmer Master Trust’s investment activities for the year ended December 31, 2007 was 2.4 percent. Investment income (loss) and administrative expenses relating to the Zimmer Master Trust are allocated to the individual plans based on 1) whether it is related to a specific plan (100 percent allocation to that plan), or 2) the Program’s proportionate share of the income or expense which is attributable to the Trust.

Zimmer Puerto Rico Savings and Investment Program
Notes to Financial Statements
December 31, 2007

The following presents the fair value of investments and the Program’s percentage interest in each investment for the Zimmer Master Trust at December 31, 2007 and 2006 and the related investment income and percentage interest of the Program for the year ended December 31, 2007:

	2007					2006
Investments at fair value based on quoted market prices:
Zimmer Stock Fund	$	49,912,026		6.2	%	$	59,095,743	6.1	%
Mutual funds		190,969,897		0.0			171,792,847	0.0
Investments at estimated fair value:
Common/collective trust fund		33,565,614		0.0			35,374,070	0.0
Cash and cash equivalents		13,792,940		0.0			11,555,077	0.0
Participant loans		6,204,270		6.2			5,334,642	8.0
Total investments at fair value		294,444,747					283,152,379
Adjustment from fair value to contract value for fully benefit-responsive investment contracts		254,482					424,138
Total investments, reflecting fully benefit-responsive contracts at contract value	$	294,699,229				$	283,576,517
Investment income
Interest and dividends	$	12,922,551		0.0	%
Loan interest	$	446,124		6.7	%
Net appreciation (loss) in fair value of investments
Common stocks	$	(8,005,771	)
Mutual funds		2,056,562
	$	(5,949,209	)	8.7	%

5. Parties-in-Interest

Parties-in-interest are defined under Department of Labor regulations as any fiduciary of the Program, any party rendering services to the Program, the employer and certain others. At December 31, 2007 and 2006, certain investments of the Program were held in investment funds which were managed by the custodian of the stock funds. Fidelity is the Program custodian and, therefore, these transactions and the Program’s payment of custodial fees to Fidelity qualify as party-in-interest transactions. Participant loan transactions and investments are also party-in-interest transactions. These transactions are exempt from the prohibited transaction rules.

Participants in the Program may invest their contributions in the Zimmer Stock Fund, which primarily holds shares of Zimmer common stock. At December 31, 2007 and 2006, the Zimmer Master Trust

Zimmer Puerto Rico Savings and Investment Program
Notes to Financial Statements
December 31, 2007

held 733,210 and 732,947 shares, respectively, of Zimmer common stock with a historical cost of $46,323,407 and $43,453,403, respectively, and a market value of $48,501,842 and $57,448,386, respectively. These transactions are exempt from the ERISA prohibited transaction rules.

The Company provides certain accounting, recordkeeping and administrative services to the Program, for which it is not compensated.

6. Reconciliation of Financial Statements to Form 5500

The following is a reconciliation of net assets available for benefits per the financial statements at December 31, 2007 and 2006 to the Form 5500:

	2007			2006
Net assets available for benefits per the financial statements	$	7,416,231		$	7,248,218
Excess of contract value over estimated fair value of investments in stable value funds and synthetic investment contracts		(10,074	)		(14,083	)
Net assets available for benefits per the Form 5500	$	7,406,157		$	7,234,135

The following is a reconciliation of the net increase prior to transfers for the year ended December 31, 2007 per the financial statements to net income per the 2007 Form 5500:

	2007
Net increase prior to transfers per the financial statements	$	168,013
Change in excess of contract value over estimated fair value of investments in stable value funds and synthetic investment contracts		4,009
Plan transfers reported in deductions		127,190
Net income per the Form 5500	$	299,212

Zimmer Puerto Rico Savings and Investment Program

Schedule H, line 4i—Schedule of Assets (Held at End of Year)
at December 31, 2007

Name of plan sponsor: Zimmer Holdings, Inc.
Employer identification number: 13-4151777
Three-digit plan number: 002

		(C)
		Description of Investment
	(B)	Including Maturity Date,		(E)
	Identity of Issue, Borrower	Rate of Interest, Collateral,	(D)	Fair
(A)	Lessor, or Similar Party	Par or Maturity Value	Cost	Value
	Mutual Funds
	Baron Capital, Inc	Baron Growth Fund (5,628 units)	**	$	285,187
	The Oakmark Funds	Oakmark Select I Fund (367 units)	**		9,337
	Arnhold and S. Bleichroeder Advisers, LLC	First Eagle Overseas Fund (6,381 units)	**		149,241
	American Century Investments	American Century Large Company Value Fund (5,324 units)	**		38,117
	American Beacon Advisors	American Beacon Small Cap Value Fund (1,386 units)	**		24,416
	Vanguard Group	Vanguard Mid Cap Index Fund (1,197 units)	**		24,773
*	Fidelity Investments	Fidelity Growth Company Fund (4,308 units)	**		357,454
*	Fidelity Investments	Fidelity Balanced Fund (6,338 units)	**		124,298
*	Fidelity Investments	Fidelity Low Price Stock Fund (4,173 units)	**		171,630
*	Fidelity Investments	Fidelity Diversified International Fund (8,906 units)	**		355,338
*	Fidelity Investments	Spartan U.S. Equity Index Fund (10,294 units)	**		534,271
*	Fidelity Investments	Fidelity U.S. Bond Index Fund (9,815 units)	**		106,884
*	Fidelity Investments	Fidelity Freedom 2010 Fund (12 units)	**		183
*	Fidelity Investments	Fidelity Freedom 2015 Fund (610 units)	**		7,602
*	Fidelity Investments	Fidelity Freedom 2020 Fund (3,838 units)	**		60,681
*	Fidelity Investments	Fidelity Freedom 2030 Fund (227 units)	**		3,746
*	Fidelity Investments	Fidelity Freedom 2035 Fund (339 units)	**		4,634
*	Fidelity Investments	Fidelity Freedom 2040 Fund (1,159 units)	**		11,279
*	Fidelity Investments	Fidelity Freedom 2050 Fund (3 units)	**		37
			**	$	2,269,108

Zimmer Puerto Rico Savings and Investment Program
Schedule H, line 4i—Schedule of Assets (Held at End of Year)
at December 31, 2007 (continued)

		(C)
		Description of Investment
	(B)	Including Maturity Date,		(E)
	Identity of Issue, Borrower	Rate of Interest, Collateral,	(D)	Fair
(A)	Lessor, or Similar Party	Par or Maturity Value	Cost	Value
	Common/Collective Fund
*	Fidelity Management Trust Company	Fidelity Managed Income Portfolio (51 units)	**	$	51
*	Fidelity Management Trust Company	Fidelity Managed Income Portfolio II (1,338,805 units)	**		1,328,731
				$	1,328,782
	Cash equivalents
*	Fidelity Investments	Fidelity Retirement Money Market (202,003 units)	**	$	202,003
*	Participant loans (123 loans)	$383,258 principal amount, interest rates ranging from 5.0% to 9.25, due through April 22, 2016	**	$	383,258

*	Party-in-interest
**	Cost information is not required for participant-directed investments.

SIGNATURES

     The Plan. Pursuant to the requirements of the Securities Exchange Act of 1934, the trustees (or other persons who administer the employee benefit plan) have duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized.

	ZIMMER PUERTO RICO SAVINGS AND INVESTMENT PROGRAM
	By:	/s/ Renee P. Rogers
Date: June 23, 2008	Name:  Renee P. Rogers
	Title:    Vice President, Global Human Resources