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* PETTY BETTY A (Last) (First) (Middle) 6717 NW 48TH LANE (Street) GAINESVILLE FL 32653 (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) Vice President, Administration
	3. Date of Earliest Transaction (Month/Day/Year) 02/02/2015
	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								3,146,338	I	by Partnership
Common Stock	02/02/2015		M(1)		4,500	A	$14.12	74,900	D
Common Stock	02/02/2015		S		4,500	D	$20.76	70,400	D
Common Stock	02/02/2015		M(2)		3,000	A	$13.4	102,400	I	by Spouse
Common Stock	02/02/2015		S		3,000	D	$20.72	99,400	I	by Spouse

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
Non-Qualified Stock Option (right to buy)	$14.12	02/02/2015		M(1)			4,500	11/30/2005	05/09/2015	Common Stock	30,000	$14.12	13,500	D
Non-Qualified Stock Option (right to buy)	$14.27							12/18/2011	12/18/2016	Common Stock	5,000		5,000	D
Non-Qualified Option (right to buy)	$17.02							02/16/2013	02/16/2016	Common Stock	11,000		11,000	D
Non-Qualified Option (right to buy)	$18.95							02/28/2014	02/28/2017	Common Stock	2,800		2,800	D
Non-Qualified Option (right to buy)	$16.33							02/22/2017(3)	02/22/2019	Common Stock	11,900		11,900	D
Non-Qualified Option (right to buy)	$18.55							02/25/2018(4)	02/25/2020	Common Stock	3,000		3,000	D
Non-Qualified Option (right to buy)	$20.9							05/09/2019(5)	05/09/2021	Common Stock	8,000		8,000	D
Non-Qualified Stock Option (right to buy)	$13.4	02/02/2015		M(2)			3,000	11/30/2005	05/31/2015	Common Stock	20,000	$13.4	9,000	I	by Spouse(6)
Non-Qualified Stock Option (right to buy)	$14.27							12/18/2011	12/18/2016	Common Stock	5,000		5,000	I	by Spouse(6)
Non-Qualified Option (right to buy)	$17.02							02/16/2013	02/16/2016	Common Stock	68,000		68,000	I	by Spouse(6)
Non-Qualified Option (right to buy)	$18.1							02/22/2012	02/22/2016	Common Stock	65,421		65,421	I	by Spouse(6)
Non-Qualified Option (right to buy)	$18.95							02/28/2014	02/28/2017	Common Stock	17,200		17,200	I	By Spouse(6)
Non-Qualified Option (right to buy)	$16.33							02/22/2017(7)	02/22/2019	Common Stock	75,000		75,000	I	By Spouse(6)
Non-Qualified Option (right to buy)	$18.55							02/25/2018(8)	02/25/2020	Common Stock	75,000		75,000	I	By Spouse(6)
Non-Qualified Option (right to buy)	$20.9							05/09/2019(9)	05/09/2021	Common Stock	55,217		55,217	I	By Spouse(6)

Explanation of Responses:

1. Such in-the-money options were exercised by the Reporting Person in lieu of allowing such options to expire by their terms on May 9, 2015 pursuant to a Rule 10b5-1 plan to exercise and sell the underlying common shares beginning on January 2, 2015 and expiring May 8,2015.

2. Such in-the-money options were exercised by the Reporting Person in lieu of allowing such options to expire by their terms on May 31, 2015 pursuant to a Rule 10b5-1 plan to exercise and sell the underlying common shares beginning on January 2, 2015 and expiring May 29,2015.

3. Such options are currently exercisable as regards 4,760 of the covered shares. The remaining shares are exercisable, as regards 2,380 of the covered shares, on the third anniversary of the date of grant, as regards 2,380 of the covered shares on the fourth anniversary of the date of grant, and as regards 2,380 of the covered shares, on the fifth anniversary of the date of grant.

4. Such options are currently exercisable as regards 600 of the covered shares. The remaining shares are exercisable, as regards 600 of the covered shares, on the second anniversary of the date of grant, as regards 600 of the covered shares, on the third anniversary of the date of grant, as regards 600 of the covered shares on the fourth anniversary of the date of grant, and as regards 600 of the covered shares, on the fifth anniversary of the date of grant.

5. Such options are exercisable as regards 1,600 of the covered shares, on the first anniversary of the date of grant, as regards 1,600 of the covered shares, on the second anniversary of the date of grant, as regards 1,600 of the covered shares, on the third anniversary of the date of grant, as regards 1,600 of the covered shares on the fourth anniversary of the date of grant, and as regards 1,600 of the covered shares, on the fifth anniversary of the date of grant.

6. Such options were granted to Mrs. Petty's spouse, Dr. William Petty, Executive Chairman of the Board, of the Issuer.

7. Such options are currently exercisable as regards 30,000 of the covered shares. The remaining shares are exercisable, as regards 15,000 of the covered shares, on the third anniversary of the date of grant, as regards 15,000 of the covered shares on the fourth anniversary of the date of grant, and as regards 15,000 of the covered shares, on the fifth anniversary of the date of grant.

8. Such options are currently exercisable as regards 15,000 of the covered shares. The remaining shares are exercisable, as regards 15,000 of the covered shares, on the second anniversary of the date of grant, as regards 15,000 of the covered shares, on the third anniversary of the date of grant, as regards 15,000 of the covered shares on the fourth anniversary of the date of grant, and as regards 15,000 of the covered shares, on the fifth anniversary of the date of grant.

9. Such options are exercisable as regards 11,043 of the covered shares, on the first anniversary of the date of grant, as regards 11,043 of the covered shares, on the second anniversary of the date of grant, as regards 11,043 of the covered shares, on the third anniversary of the date of grant, as regards 11,044 of the covered shares on the fourth anniversary of the date of grant, and as regards 11,044 of the covered shares, on the fifth anniversary of the date of grant.

Remarks:

	/s/ Betty A. Petty	02/04/2015
	** 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).
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