SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

PAGANO DOMINICK A

(Last)

(First)

(Middle)

1806 NEW BRITAIN AVE.

(Street)

FARMINGTON

06032

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
EDAC TECHNOLOGIES CORP [ EDAC ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
11/28/2012

4. 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 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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
EDAC Technologies Corporation	11/28/2012		M		23,620⁽¹⁾	A	$9.28	499,371	D
EDAC Technologies Corporation								18,000	I	Trust
EDAC Technologies Corporation								35,000⁽²⁾⁽⁴⁾	D

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 Securities Underlying Derivative Security (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: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Stock option	$9.28	11/28/2012		M			100,000⁽¹⁾	12/03/2010	12/02/2012	EDAC Technologies Corporation	100,000	$0	0	D
Stock option	$9.37							⁽²⁾	01/29/2017	EDAC Technologies Corporation	20,000		20,000	D
Stock option	$5.786							⁽²⁾⁽³⁾	08/08/2016	EDAC Technologies Corporation	15,000		15,000	D
Stock option	$4							11/30/2012	11/29/2014	EDAC Technologies Corporation	46,000		46,000	D
Stock option	$3.64							11/30/2012	11/29/2014	EDAC Technologies Corporation	204,000		204,000	D
Stock option	$2.31							12/02/2011	12/01/2013	EDAC Technologies Corporation	50,000		50,000	D
Stock option	$2.9							12/05/2009	12/04/2016	EDAC Technologies Corporation	16,667		16,667	D

Explanation of Responses:

1. Stock option for 100,000 shares was exercised on a cashless basis and Mr. Pagano received 23,620 shares in exchange for such option.

2. Cumulatively vests 33 1/3% of the shares rateably over 3 years beginning one year from the grant date

3. Exerciseable provided that the share price is at least $8 per share at the time of exercise.

4. Restricted stock granted from Issuer's 2011 Equity Incentive Plan

	Glenn L. Purple, attorney-in-fact	11/30/2012
	** 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 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).
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