Statement of Changes of Beneficial Ownership


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 *

GLASSCOCK LARRY C
2. Issuer Name and Ticker or Trading Symbol

ZIMMER HOLDINGS INC [ ZMH ]
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)

C/O ZIMMER, INC., P. O. BOX 708
3. Date of Earliest Transaction (MM/DD/YYYY)

6/30/2006
(Street)

WARSAW, IN 46580
(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

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
Phantom Stock Units   (1)   (2) 6/30/2006        407.867         (3)   (3) Common Stock   407.867   $57.31   8459.323   D  
 

Explanation of Responses:
( 1)  The phantom stock units were accrued under the Zimmer Holdings, Inc. ("Company") Deferred Compensation Plan for Non-employee Directors.
( 2)  The Conversion or Exercise Price of Derivative Security is 1-for-1.
( 3)  218.112 of the units are to be settled in cash within sixty days after cessation of the reporting person's service as a Director or may be converted into options to purchase shares of Company common stock at the ratio of 3 stock options for each unit at the election of the reporting person ("Elective Deferral Annual Fee Units"). The remaining 189.755 units are to be settled in cash within sixty days after cessation of the reporting person's service as a Director ("Elective Deferral Other Units").

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
GLASSCOCK LARRY C
C/O ZIMMER, INC.
P. O. BOX 708
WARSAW, IN 46580
X



Signatures
Heather J. Kidwell, Attorney-in-Fact for Larry C. Glasscock (power of attorney attached) 7/5/2006
** 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.
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EXHIBIT 24





POWER OF ATTORNEY



For Executing Forms 3, 4, 5, and 144



            The undersigned hereby constitutes and appoints each of David C. Dvorak, Chad F. Phipps, Heather J. Kidwell, and Renee Rogers, signing singly, as his true and lawful attorney-in-fact, for such period of time that the undersigned is required to file reports pursuant to Section 16(a) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or Rule 144 of the Securities Act of 1933, as amended (the "Securities Act"), due to his affiliation with Zimmer Holdings, Inc., a Delaware corporation, unless earlier revoked by the undersigned in a signed writing delivered to the foregoing attorneys-in-fact, to:



            1) execute for and on behalf of the undersigned Forms 3, 4, 5, and 144 and any amendments to previously filed forms in accordance with Section 16(a) of the Securities Exchange Act  or Rule 144 of the Securities Act and the rules thereunder;



            2) do and perform any and all acts for and on behalf of the undersigned which may be necessary or desirable to complete the execution of any such Form 3, 4, 5, and                                     144 and the timely filing of such form with the United  States Securities and Exchange Commission and any other authority as required by law; and



            3) take any other action of any type whatsoever in connection with the foregoing which, in the opinion of such attorney-in-fact, may be of benefit to, in the best interest of or legally required by the undersigned, it being understood that the documents executed by such attorney-in-fact on behalf of the undersigned pursuant to this Power of Attorney shall be in such form and shall contain such terms and conditions as such attorney-in-fact may approve in his discretion.



            The undersigned hereby grants to each such attorney-in-fact full power and authority to do and perform all and every act and thing whatsoever requisite, necessary and proper to be done in the exercise of any of the rights and powers herein granted, as fully to all intents and purposes as the undersigned could do if personally present, with full power of substitution or revocation, hereby ratifying and confirming all that such attorney-in-fact, or his substitute or substitutes, shall lawfully do or cause to be done by virtue of this Power of Attorney and the rights and powers herein granted.  The undersigned acknowledges that the foregoing attorneys-in-fact, in serving in such capacity at the request of the undersigned, are not assuming any of the undersigned's responsibilities to comply with Section 16 of the Exchange Act or  Rule 144 of the Securities Act.



            IN WITNESS  WHEREOF, the undersigned has caused this Power of Attorney to be executed as of this 10 day of May, 2006.





                    /s/ Larry C. Glasscock

Signature  ---------------------------------------





                       Larry C. Glasscock

Print Name ---------------------------------------