SEC Form 4

FORM 4		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person* Thompson Bruce E (Last) (First) (Middle) 3522 SW 92ND STREET (Street) GAINESVILLE FL 32608 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol EXACTECH INC [ EXAC ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director 10% Owner X Officer (give title below) Other (specify below) Sr VP, Biologics/Spine
	3. Date of Earliest Transaction (Month/Day/Year) 05/09/2014
	4. If Amendment, Date of Original Filed (Month/Day/Year)	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. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction 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
Common Stock	05/09/2014		M		1,000	A	$14.12	17,241	D
Common Stock	05/09/2014		M		3,333	A	$12.68	20,574	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction 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 (Month/Day/Year)		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: 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
Incentive Stock Option (right to purchase)	$21.09							11/30/2005	07/01/2014	Common Stock	10,000		40	D
Incentive Stock Option (right to purchsase)	$14.12	05/09/2014		M			1,000	11/30/2005	05/09/2015	Common Stock	10,000	$14.12	9,000	D
Incentive Stock Option (right to buy)	$14.27							12/18/2011	12/18/2016	Common Stock	5,000		5,000	D
Incentive/Non-Qualified Stock Option (right to buy)	$12.68	05/09/2014		M			3,333	02/18/2012	02/18/2015	Common Stock	5,000	$12.68	1,667	D
Incentive/Non-qualified Stock Option (right to buy)	$17.02							02/16/2013	02/16/2016	Common Stock	25,000		25,000	D
Incentive/Non-Qualified Stock Option (right to buy)	$18.95							02/28/2014	02/28/2017	Common Stock	5,900		5,900	D
Incentive/Non-Qualified Stock Option (right to buy)	$16.33							02/22/2017(1)	02/22/2019	Common Stock	23,800		23,800	D
Incentive/Non-Qualified Stock Option (righ to buy)	$18.55							02/25/2018(2)	02/25/2020	Common Stock	20,000		20,000	D
Non-Qualified Stock Option (right to buy)	$20.9	05/09/2014		A(3)		12,000		05/09/2019(4)	05/09/2021	Common Stock	12,000	$20.9	12,000	D

Explanation of Responses:

1. Such options are currently exercisable as regards 9,520 of the covered shares. The remaining options are exercisable, as regards 4,760 of the covered shares, on the third anniversary of the date of grant, as regards 4,760 of the covered shares on the fourth anniversary of the date of grant, and as regards 4,760 of the covered shares, on the fifth anniversary of the date of grant.

2. Such options are currently exercisable as regards 4,000 of the covered shares. The remaining options are exercisable, as regards 4,000 of the covered shares, on the second anniversary of the date of grant, as regards 4,000 of the covered shares, on the third anniversary of the date of grant, as regards 4,000 of the covered shares on the fourth anniversary of the date of grant, and as regards 4,000 of the covered shares, on the fifth anniversary of the date of grant.

3. Such options were granted pursuant to the Issuer's 2009 Executive Incentive Compensation Plan.

4. Such options are exercisable as regards 2,400 of the covered shares, on the first anniversary of the date of grant, as regards 2,400 of the covered shares, on the second anniversary of the date of grant, as regards 2,400 of the covered shares, on the third anniversary of the date of grant, as regards 2,400 of the covered shares on the fourth anniversary of the date of grant, and as regards 2,400 of the covered shares, on the fifth anniversary of the date of grant.

	/s/ Bruce E Thompson	05/13/2014
	** Signature of Reporting Person	Date
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