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
                                                                                  
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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(f) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

ROLLS JOHN A
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                      _____ 10% Owner
_____ Officer (give title below)      _____ Other (specify below)
(Last)          (First)          (Middle)

1806 NEW BRITAIN AVE.
3. Date of Earliest Transaction (MM/DD/YYYY)

7/2/2012
(Street)

FARMINGTON, CT 06032
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
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. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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
EDAC Technologies Corporation                  62522   D    

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 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 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
Stock option   $11.44   7/2/2012     A      1666       7/2/2012   7/1/2017   EDAC Technologies Corporation   1666   $0   (1) 1666   D    
Stock option   $13.09   4/2/2012     A     V 1573       4/2/2012   4/1/2017   EDAC Technologies Corporation   1573   $0   (1) 1573   D    
Stock option   $11.07                    1/3/2012   1/2/2017   EDAC Technologies Corporation   2042     2042   D    
Stock option   $6.67                    10/3/2011   10/2/2016   EDAC Technologies Corporation   2884     2884   D    
Stock option   $5.26                      (2) 8/8/2016   EDAC Technologies Corporation   2500     2500   D    
Stock option   $4.89                    7/5/2011   7/4/2016   EDAC Technologies Corporation   4147     4147   D    
Stock option   $3.37                    4/4/2011   4/3/2016   EDAC Technologies Corporation   6535     6535   D    
Stock option   $3.5                    1/3/2011   1/2/2016   EDAC Technologies Corporation   6402     6402   D    
Stock option   $4.11                    10/4/2010   10/3/2015   EDAC Technologies Corporation   2722     2722   D    
Stock option   $4.66                    7/6/2010   7/5/2015   EDAC Technologies Corporation   3070     3070   D    
Stock option   $3.59                    4/5/2010   4/4/2015   EDAC Technologies Corporation   4412     4412   D    
Stock option   $3.15                    1/15/2010   1/14/2015   EDAC Technologies Corporation   2684     2684   D    
Stock option   $3.64                      (3) 11/29/2014   EDAC Technologies Corporation   10000     10000   D    
Stock option   $1.76                    6/5/2009   4/5/2014   EDAC Technologies Corporation   10000     10000   D    

Explanation of Responses:
( 1)  For services rendered as a director.
( 2)  Stock options are exerciseable provided that the share price is at least $8 per share at the time of exercise. Cumulatively vests for 33 1/3% of the shares rateably over the 3 years beginning one year from the August 9, 2011 date of grant.
( 3)  3333 shares exerciseable 11/30/10, 3333 shares exerciseable 11/30/11, 3334 shares exerciseable 11/30/12

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
ROLLS JOHN A
1806 NEW BRITAIN AVE.
FARMINGTON, CT 06032
X



Signatures
Glenn L. Purple, attorney-in-fact 7/3/2012
** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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.
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