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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549



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FORM 10-K/A

Amendment No. 2



|x | Annual report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
|- | ------------------------------------------------------------------------------------

| | For the fiscal year ended December 31, 2004
| | -------------------------------------------



or



| ̈ | Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from
                     to                     .
|- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------



Commission file number: 0-31271



REGENERATION TECHNOLOGIES, INC.

(Exact Name of Registrant as Specified in Its Charter)



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|                                                              |  |                                    
|------------------------------------------------------------- |  | -----------------------------------
|Delaware                                                      |  | 59-3466543                         
|(State or Other Jurisdiction ofIncorporation or Organization) |  | (I.R.S. EmployerIdentification No.)



11621 Research
Circle, Alachua, Florida 32615

(Address of Principal Executive Offices) (Zip Code)



(386) 418-8888

(Registrants telephone number, including area code)



Securities registered pursuant to Section 12(b) of the Act:    None



Securities registered pursuant to Section 12(g) of the Act:    Common Stock, par value $0.001



Indicate by check mark whether the registrant: (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days.  Yes   x    No ̈



Indicate by check mark if disclosure of delinquent filers
pursuant to Item 405 of Regulation S-K is not contained herein, and will not be contained, to the best of registrants knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any
amendment to this Form 10-K.    x



Indicate by check mark whether the registrant is an accelerated filer (as defined in Exchange Act Rule 12b-2).  Yes  x    No ̈



The aggregate market value of the Common Stock held by non-affiliates of the registrant, based upon the last sale price of
the Common Stock reported on the Nasdaq Stock Market as of the last business day of the registrants most recently completed second fiscal quarter (June 30, 2004), was approximately $285.0 million.



The number of shares of Common Stock outstanding as of June 17, 2005 was
26,735,955.



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Explanatory Note



Regeneration Technologies, Inc. (the Company) is filing this Amendment to its Annual Report on Form 10-K for the year ended December 31, 2004,
to correct information in columns (A) and (B) of the Equity Compensation Plan Information Table in Item 12 of Part III. Accordingly, the information included herein is filed to amend and replace the Part III, Item 12 information in the
Companys Form 10-K for the year ended December 31, 2004, as originally filed on March 16, 2005 and as amended by a Form 10-K/A filed on April 29, 2005 (as so amended, the Previous Filings).



Except for the amendments described above and updates to the most recent
practicable date of information regarding the number of outstanding shares and beneficial ownership of our common stock, this Amendment No. 2 to Form 10-K does not modify or update other disclosures in, or exhibits to, the Previous Filings.



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REGENERATION TECHNOLOGIES, INC.



FORM 10-K Annual Report

Table of Contents



|         |  |                                                                |  |     
|-------- |  | -------------------------------------------------------------- |  | ----
|         |  |                                                                |  | Page
|Part III |  |                                                                |  |     
|Item 12  |  | Security Ownership of Certain Beneficial Owners and Management |  | 1   
|         |  |                                                               
|Part IV  |  |                                                                |  |     
|Item 15  |  | Exhibits and Financial Statement Schedules                     |  | 3   



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PART III



|Item 12. | SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT.
|-------- | ---------------------------------------------------------------



Equity Compensation Plan information



The following table provides information as of December 31, 2004, with respect to the shares of our common stock that may be issued under our existing
equity compensation plan.



|                                                       |  |                                                                                          |  |                                                                          |      |                                                                                                                                      |          
|------------------------------------------------------ |  | ---------------------------------------------------------------------------------------- |  | ------------------------------------------------------------------------ | ---- | ------------------------------------------------------------------------------------------------------------------------------------ | ---------
|                                                       |  | (A)                                                                                      |  | (B)                                                                      |      | (C)                                                                                                                                 
|Plan Category                                          |  | Number of Securities tobe Issued upon Exerciseof Outstanding Options,Warrants and Rights |  | Weighted AverageExercise Price ofOutstanding Options,Warrants and Rights |      | Number of SecuritiesRemaining Available forFuture Issuance UnderEquity Compensation Plans(Excluding SecuritiesReflected in Column
A)
|Equity Compensation Plans Approved by Stockholders     |  | 3,095,039                                                                                |  | $                                                                        | 7.91 |                                                                                                                                      | 2,285,060
|                                                       |  |                                                                                          | 
|Equity Compensation Plans Not Approved by Stockholders |  |                                                                                         |  |                                                                          |     |                                                                                                                                      |         
|                                                       |  |                                                                                          | 
|Total                                                  |  | 3,095,039                                                                                |  | $                                                                        | 7.91 |                                                                                                                                      | 2,285,060



The following table
sets forth information as of June 17, 2005 regarding the beneficial ownership of our common stock by: (1) each person known by us to own beneficially more than 5% of our outstanding common stock; (2) each of our directors and nominees for director;
(3) each executive officer named in the Summary Compensation Table below; and (4) all of our directors and executive officers as a group. Except as otherwise specified, the named beneficial owner has the sole voting and investment power over the
shares listed. Unless otherwise indicated, the address of the beneficial owner is: c/o Regeneration Technologies, Inc., 11621 Research Circle, Alachua, Florida 32615.



|                                                                                         |  |                                        |  |        
|---------------------------------------------------------------------------------------- |  | -------------------------------------- |  | -------
|                                                                                         |  | Shares BeneficiallyVested and Owned(1)
|Name and Address of Beneficial Owner                                                     |  | Number                                 |  | Percent
|Brian K. Hutchison(2)                                                                    |  | 712,200                                |  | 2.7    
|Thomas F. Rose(3)                                                                        |  | 142,000                                |  | *      
|Roger Rose(4)                                                                            |  | 58,000                                 |  | *      
|Caroline Hartill(5)                                                                      |  | 60,000                                 |  | *      
|Joseph W. Condon(6)                                                                      |  | 33,000                                 |  | *      
|Charles Randal Mills(7)                                                                  |  |                                       |  | *      
|Philip R. Chapman(8)                                                                     |  | 1,001,191                              |  | 3.8    
|Peter F. Gearen(5)                                                                       |  | 45,467                                 |  | *      
|Michael J. Odrich(9)                                                                     |  | 1,660,592                              |  | 6.2    
|David J. Simpson(10)                                                                     |  | 28,824                                 |  | *      
|                                                                                         |  |                                       
|Kern Capital Management LLC 114 West 47th Street Suite 1926 New York, NY 10036-1510(11)  |  | 2,359,400                              |  | 8.8    
|                                                                                         |  |                                       
|Gagnon Securities LLC 1370 Avenue of the Americas Suite 2002 New York, NY 10019-4602(12) |  | 2,353,141                              |  | 8.8    
|                                                                                         |  |                                       
|T. Rowe Price Associates, Inc. 100 East Pratt Street Baltimore, MD 21202-1009(13)        |  | 1,828,500                              |  | 6.8    



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|                                                                                            |  |                                        |  |        
|------------------------------------------------------------------------------------------- |  | -------------------------------------- |  | -------
|                                                                                            |  | Shares BeneficiallyVested and Owned(1)
|Name and Address of Beneficial Owner                                                        |  | Number                                 |  | Percent
|LBI Group Inc. c/o Lehman Brothers Inc. 745 Seventh Avenue 30th Floor New York, NY 10019(9) |  | 1,615,085                              |  | 6.0    
|                                                                                            |  |                                       
|Fidelity Management & Research Co. 1 Federal Street Boston, MA 02110-2003(14)               |  | 1,339,900                              |  | 5.0    
|                                                                                            |  |                                       
|All executive officers and directors, including those named as a group (10 persons)(15)     |  | 3,741,274                              |  | 14.0   

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|* | Represents beneficial ownership of less than 1%.
|- | ------------------------------------------------

|(1) | Beneficial ownership is determined in accordance with the rules of the Securities and Exchange Commission, which generally attribute beneficial ownership of securities to persons
who possess sole or shared voting power and/or investment power with respect to those securities. Shares of common stock issuable pursuant to options, to the extent such options are exercisable or convertible within 60 days after June 17, 2005, are
treated as outstanding for purposes of computing the percentage of the person holding such securities but are not treated as outstanding for purposes of computing the percentage of any other person.
|--- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|(2) | Includes options to purchase 676,000 shares of our common stock.
|--- | ----------------------------------------------------------------

|(3) | Includes options to purchase 132,000 shares of our common stock.
|--- | ----------------------------------------------------------------

|(4) | Includes options to purchase 52,000 shares of our common stock.
|--- | ---------------------------------------------------------------

|(5) | Represents options to purchase shares of our common stock.
|--- | ----------------------------------------------------------

|(6) | Includes options to purchase 24,000 shares of our common stock.
|--- | ---------------------------------------------------------------

|(7) | Mr. Mills ceased to be employed by us during 2004.
|--- | --------------------------------------------------

|(8) | Includes options to purchase 23,296 shares of our common stock. Euro-America-II, L.P. holds 962,559 shares of our common stock and options to purchase 15,336 shares of our common
stock, which Mr. Chapman may be deemed to beneficially own by virtue of his position as a partner in a partnership that is a member of the general partner of Euro-America-II, L.P. Mr. Chapman disclaims beneficial ownership of all shares other than
those held in his name and to the extent of his pecuniary interest in Euro-America-II, L.P.
|--- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|(9) | Includes options to purchase 14,440 shares of our common stock. We have been advised that Mr. Odrich has investment control with respect to shares of our common stock held by LBI
Group, Inc., a wholly-owned subsidiary of Lehman Brothers Holdings, Inc. The LBI holding includes an option to purchase 31,067 shares of our common stock. Mr. Odrich disclaims beneficial ownership of all shares other than those held in his name.
|--- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|(10) | Includes options to purchase 18,667 shares of our common stock. Mr. Simpson also holds 10,000 shares of common stock and his wife owns 157 shares of common stock as part of an
individual retirement account. Mr. Simpson disclaims beneficial ownership of all shares other than those held in his name.
|---- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|(11) | Information is derived from the Schedule 13G, dated December 31, 2004 filed by Kern Capital Management LLC with the Securities and Exchange Commission. Such filing states that Kern
Capital Management LLC is deemed to have beneficial ownership as of December 31, 2004 of 2,359,400 shares.
|---- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|(12) | Information is derived from the Schedule 13G, dated December 31, 2004 filed by Gagnon Securities LLC with the Securities and Exchange Commission. Such filing states that Gagnon
Securities LLC is deemed to have beneficial ownership as of December 31, 2004 of 2,353,141 shares.
|---- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|(13) | Information is derived from the Schedule 13G, dated December 31, 2004 filed by T. Rowe Price Associates, Inc. with the Securities and Exchange Commission. Such filing states that T.
Rowe Price Associates, Inc. is deemed to have beneficial ownership as of December 31, 2004 of 1,828,500 shares.
|---- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|(14) | Information is derived from the Schedule 13G, dated December 31, 2004 filed by Fidelity Management & Research Co. with the Securities and Exchange Commission. Such filing states
that Fidelity Management & Research Co. is deemed to have beneficial ownership as of December 31, 2004 of 1,339,900 shares.
|---- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|(15) | Includes options to purchase 1,092,273 shares of our common stock.
|---- | ------------------------------------------------------------------



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PART IV



|Item 15. | EXHIBITS AND FINANCIAL STATEMENT SCHEDULES
|-------- | ------------------------------------------



|(a) | (3)Exhibits.
|--- | ------------



The following exhibits are filed as part of this report:



|     |  |                                                                                                                                                 
|---- |  | ------------------------------------------------------------------------------------------------------------------------------------------------
|31.1 |  | Certification of Brian K. Hutchison, Chairman, President and Chief Executive Officer, pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
|     | 
|31.2 |  | Certification of Thomas F. Rose, Vice President and Chief Financial Officer, pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.         



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SIGNATURES



Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned, thereunto duly authorized.



|              |  |  |  |                                 |  |     |  |                                                
|------------- |  |  |  | ------------------------------- |  | --- |  | -----------------------------------------------
|June 27, 2005 |  |  |  | REGENERATION TECHNOLOGIES, INC.
|              |  |  |  |                                
|              |  |  |  |                                 |  | By: |  | /S/    BRIAN K.
HUTCHISON                      
|              |  |  |  |                                 |  |     |  | Brian K. Hutchison                             
|              |  |  |  |                                 |  |     |  | Chairman, President and Chief Executive Officer



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