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

1. Name and Address of Reporting Person *

PURPLE GLENN L
2. Issuer Name and Ticker or Trading Symbol

EDAC TECHNOLOGIES CORP [ EDAC ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
V.P.- Finance
(Last)          (First)          (Middle)

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

11/14/2012
(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   11/14/2012     M    1583   (1) A $9.28   23673   D    
EDAC Technologies Corporation                  10881   I   by IRA  

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   $9.28   11/14/2012     M         7500   (1)   12/3/2010   12/2/2012   EDAC Technologies Corporation   7500   $0   0   D    
Stock option   $9.37                      (2) 1/29/2017   EDAC Technologies Corporation   5000     5000   D    
Stock option   $5.26                      (2) 8/8/2016   EDAC Technologies Corporation   5000     5000   D    
Stock option   $3.64                      (2) 11/29/2014   EDAC Technologies Corporation   5000     5000   D    
Stock option   $2.1                    12/2/2011   12/1/2013   EDAC Technologies Corporation   7500     7500   D    
Stock option   $2.9                    12/5/2009   12/4/2016   EDAC Technologies Corporation   7500     7500   D    
Stock option   $3.7                    12/31/2008   12/30/2015   EDAC Technologies Corporation   10000     10000   D    
Stock option   $1.1                    1/6/2007   1/5/2014   EDAC Technologies Corporation   2500     2500   D    
Stock option   $1.67                    12/7/2007   12/6/2014   EDAC Technologies Corporation   5000     5000   D    

Explanation of Responses:
( 1)  Stock option for 7,500 shares was exercised on a cashless basis and Mr. Purple received 1,593 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.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
PURPLE GLENN L
1806 NEW BRITAIN AVENUE
FARMINGTON, CT 06032


V.P.- Finance

Signatures
Glenn L. Purple 11/16/2012
** 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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