You need to send that data from form to a page. So you need to add something like this:
<form id="contactform" method="post" action="localhostmmmmmmmm.com/update.php">
In my case action will send all that data in that update.php
So you need to add action to your form
Then when add it you need to make update.php you will getters for all taht fields
$option="";
if(isset($_POST["option"])) {
$option=$_POST["option"];
}
That is one example.
Then you need to create sql code to update that in DB with exact ID of the row in table.
Try to do it by yourself if you once again have problems give us a code and we will help you.