Ownership Submission
FORM 3
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  Ledda Ralf
2. Date of Event Requiring Statement (Month/Day/Year)
11/17/2016
3. Issuer Name and Ticker or Trading Symbol
INVACARE CORP [IVC]
(Last)
(First)
(Middle)
ONE INVACARE WAY
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Sen VP/GM-EUR,Mid East&Africa
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

ELYRIA, OH 44035
6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Shares 25,200 (1)
D
 

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(Month/Day/Year)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option (Right to Buy)   (2) 08/22/2017 Common Shares 1,500 $ 23.71 D  
Employee Stock Option (Right to Buy)   (2) 08/20/2018 Common Shares 2,100 $ 25.79 D  
Employee Stock Option (Right to Buy)   (2) 08/19/2019 Common Shares 2,100 $ 20.48 D  
Employee Stock Option (Right to Buy)   (2) 08/18/2020 Common Shares 2,300 $ 25.24 D  
Employee Stock Option (Right to Buy)   (2) 09/02/2021 Common Shares 2,100 $ 24.45 D  
Employee Stock Option (Right to Buy)   (2) 08/14/2022 Common Shares 2,200 $ 13.37 D  
Employee Stock Option (Right to Buy)   (3) 03/18/2023 Common Shares 2,200 $ 14.49 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Ledda Ralf
ONE INVACARE WAY
ELYRIA, OH 44035
      Sen VP/GM-EUR,Mid East&Africa  

Signatures

/s/ Kristofer K. Spreen as attorney-in-fact for Ralf Ledda under Power of Attorney 11/21/2016
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(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).
(1) Restricted stock units granted pursuant to the Invacare Corporation 2013 Equity Compensation Plan in an exempt transaction under Rule 16b-3. 1,000 of these restricted stock units vest in full on May 15, 2017 after a three-year "cliff" vesting period; 400 of these restricted stock units vested on May 15, 2016, 800 of these restricted stock units vest in 1/2 increments on May 15, 2017 and May 15, 2018; 3,000 of these restricted stock units vest in 1/3 annual increments over three years commencing on May 15, 2017; and 20,000 of these restricted stock units vest in full on November 15, 2019 after a three-year "cliff" vesting period.
(2) Immediately exercisable.
(3) Employee stock option (with tandem tax withholding rights) held under the Invacare Corporation 2003 Performance Plan and granted on March 18, 2013. The option becomes exercisable in four equal annual installments. The first installment became exercisable on March 31, 2014, the second installment became exercisable on March 31, 2015, the third installment became exercisable on March 31, 2016, and the fourth installment becomes exercisable on March 31, 2017.

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