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 *

PAGANO DOMINICK 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                      __ X __ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
Chief Executive Officer
(Last)          (First)          (Middle)

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

12/17/2012
(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                  499371   D    
EDAC Technologies Corporation                  18000   I   Trust  
EDAC Technologies Corporation                  35000   (1) (2) 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   $12.21   12/17/2012     A      125000         (1) 12/16/2017   EDAC Technologies Corporation   125000   $0   125000   D    
Stock option   $9.37                      (1) 1/29/2017   EDAC Technologies Corporation   20000     20000   D    
Stock option   $5.786                      (1) (3) 8/8/2016   EDAC Technologies Corporation   15000     15000   D    
Stock option   $4                    11/30/2012   11/29/2014   EDAC Technologies Corporation   46000     46000   D    
Stock option   $3.64                    11/30/2012   11/30/2014   EDAC Technologies Corporation   204000     204000   D    
Stock option   $2.31                    12/2/2011   12/1/2013   EDAC Technologies Corporation   50000     50000   D    
Stock option   $2.9                    12/5/2009   12/4/2016   EDAC Technologies Corporation   16667     16667   D    

Explanation of Responses:
( 1)  Cumulatively vests 33 1/3% of the shares rateably over 3 years beginning one year from the grant date.
( 2)  Restricted stock granted from Issuer's 2011 Equity Incentive Plan
( 3)  Exerciseable provided that the share price is at least $8 per share at the time of exercise.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
PAGANO DOMINICK A
1806 NEW BRITAIN AVE.
FARMINGTON, CT 06032 		X X Chief Executive Officer

Signatures
Glenn L. Purple, attorney-in-fact 12/19/2012
** 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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