SEC FORM 4

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

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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^*

KEARNEY R WYNN JR

(Last)

(First)

(Middle)

101 EAST GLENCREST DRIVE

(Street)

MANKATO

56001

(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)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
09/06/2005

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock								210,168	D
Common Stock								75,000	I	by Profit Sharing Plan
Common Stock								121,692	I	by Spouse
Common Stock	09/06/2005		S⁽⁵⁾		500	D	$13.54	121,192	I	by Spouse
Common Stock	09/07/2005		S⁽⁵⁾		500	D	$13.93	120,692	I	by Spouse
Common Stock	09/08/2005		S⁽⁵⁾		500	D	$14.09	120,192	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Non-qualified Stock Option (right to buy)⁽¹⁾	$14.18							12/15/2008⁽²⁾	12/15/2009	Common Stock	2,000		2,000	D
Non-qualified Stock Option (right to buy)	$4							05/30/2000⁽³⁾	05/30/2006	Common Stock	40,000		40,000	D
Non-qualified Stock Option (right to buy)⁽¹⁾	$14.12							05/09/2010⁽⁴⁾	05/09/2015	Common Stock	2,500		2,500	D

Explanation of Responses:

1. Such options were granted pursuant to the Issuers 2003 Executive Incentive Compensation Plan.

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

3. Such options are currently exercisable.

4. Such options are exercisable as regards 500 of the covered shares, on the first anniversary of the date of grant, as regards 500 of the covered shares, on the second anniversary of the date of grant, as regards 500 of the covered shares, on the third anniversary of the date of grant, as regards 500 of the covered shares on the fourth anniversary of the date of grant, and as regards 500 of the covered shares, on the fifth anniversary of the date of grant.

5. Such shares were sold pursuant to a Rule 10b5-1 plan adopted by the estate of Pamela Byers Kearney, Dr. Kearney's spouse, to sell a total of 30,000 shares, expiring November 26, 2005.

	R. Wynn Kearney, Jr.	09/08/2005
	** 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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