X0303 4 2011-05-15 0 0000742112 INVACARE CORP IVC 0001370884 Gudbranson Robert K ONE INVACARE WAY ELYRIA OH 44035 0 1 0 0 Sr. VP and CFO Common Shares 2011-05-15 4 F 0 198 32.99 D 25107 D Employee Stock Option (Right to Buy) Common Shares 102300 102300 D The surrender of these shares is for tax withholding purposes in conjunction with the vesting of restricted shares held by the reporting person. No transaction is being reported on this line. Reported on a previously filed Form 3, Form 4, or Form 5. The reporting person holds previously reported options to buy 102,300 Common Shares (with tandem tax withholding rights) under the Invacare Corporation 2003 Performance Plan, granted in reliance upon the exemption provided by Rule 16b-3. All options were granted between April 1, 2008 and August 18, 2010, at exercise prices between $20.48 and $25.79 per share, will expire between April 1, 2018 and August 18, 2020 and became or will become exercisable between March 31, 2009 and September 30, 2014. /s/ Robert K. Gudbranson, by Kristofer K. Spreen, his attorney-in-fact, pursuant to Power of Attorney, dated February 12, 2009, on file with the Commission 2011-05-16