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 R WILLIAM (Last) (First) (Middle) 6717 NW 48TH LANE (Street) GAINESVILLE 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) X Director X 10% Owner X Officer (give title below) Other (specify below) CEO and Chairman
	3. Date of Earliest Transaction (Month/Day/Year) 05/09/2013
	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	05/09/2013		S		10,000	D	$18.25	3,288,838	I	by Partnership
Common Stock								99,400	D
Common Stock								70,400	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)	$18.6							11/30/2005	05/17/2014	Common Stock	30,000		30,000	D
Non-Qualified Stock Option (right to buy)	$13.4							11/30/2005	05/31/2015	Common Stock	20,000		20,000	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)	$12.68							02/18/2012	02/18/2015	Common Stock	5,000		5,000	D
Non-Qualified Option (right to buy)	$17.02							02/16/2013	02/16/2016	Common Stock	68,000		68,000	D
Non-Qualified Option (right to buy)	$18.1							02/22/2012	02/22/2016	Common Stock	65,421		65,421	D
Non-Qualified Option (right to buy)	$18.95							02/28/2014(2)	02/28/2017	Common Stock	17,200		17,200	D
Non-Qualified Option (right to buy)	$16.33							02/22/2017(4)	02/22/2019	Common Stock	75,000		75,000	D
Non-Qualified Option (right to buy)	$18.55							02/25/2018(6)	02/25/2020	Common Stock	75,000		75,000	D
Non-Qualified Stock Option (right to buy)	$18.6							11/30/2005	05/17/2014	Common Stock	15,000		15,000	I	by Spouse(1)
Non-Qualified Stock Option (right to buy)	$14.12							11/30/2005	05/09/2015	Common Stock	30,000		30,000	I	by Spouse(1)
Non-Qualified Stock Option (right to buy)	$14.27							12/18/2011	12/18/2016	Common Stock	5,000		5,000	I	by Spouse(1)
Non-Qualified Option (right to buy)	$12.68							02/18/2012	02/18/2015	Common Stock	5,000		5,000	I	by Spouse(1)
Non-Qualified Option (right to buy)	$17.02							02/16/2013	02/16/2016	Common Stock	11,000		11,000	I	by Spouse(1)
Non-Qualified Option (right to buy)	$18.95							02/28/2014(3)	02/28/2017	Common Stock	2,800		2,800	I	by Spouse(1)
Non-Qualified Option (right to buy)	$16.33							02/22/2017(5)	02/22/2019	Common Stock	11,900		11,900	I	by Spouse(1)
Non-Qualified Option (right to buy)	$18.55							02/25/2018(7)	02/25/2020	Common Stock	3,000		3,000	I	By Spouse(1)

Explanation of Responses:

1. Such options were granted to Dr. Petty's spouse, Betty A. Petty, Vice President, Administration and Facilities, of the Issuer.

2. Such options are currently exercisable as regards 11,466 of the covered shares. The remaining shares are exercisable, as regards 5,734 of the covered shares, on the third anniversary of the date of grant.

3. Such options are currently exercisable as regards 1,866 of the covered shares. The remaining shares are exercisable, as regards 934 of the covered shares, on the third anniversary of the date of grant.

4. 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.

5. Such options are currently exercisable as regards 2,380 of the covered shares. The remaining shares are exercisable, as regards 2,380 of the covered shares, on the second anniversary of the date of grant, 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.

6. Such options are exercisable as regards 15,000 of the covered shares, on the first anniversary of the date of grant, 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.

7. Such options are exercisable as regards 600 of the covered shares, on the first anniversary of the date of grant, 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.

	/s/ William Petty	05/13/2013
	** Signature of Reporting Person	Date
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