Sec Form 4 Filing - PETTY DAVID W @ EXACTECH INC - 2014-05-09

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person PETTY DAVID W 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) Chief Executive Officer (Last) (First) (Middle) 2735 NW 21ST STREET 3. Date of Earliest Transaction (MM/DD/YY) 05/09/2014 (Street) GAINESVILLE, FL32605 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 10,012 A $ 18.6 77,528 D Common Stock 05/09/2014 S 10,012 D $ 20.98 67,516 D Common Stock 05/12/2014 M 275 A $ 18.6 67,791 D Common Stock 05/12/2014 S 275 D $ 21.31 67,516 D Common Stock 05/12/2014 M 1,737 A $ 18.6 69,253 D Common Stock 448 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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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 (MM/DD/YY) 7. Title and Amount of Underlying Securities (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 of Derivative Security: 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 05/09/2014 M 10,012 11/30/2005 05/17/2014 Common Stock 20,000 $ 18.6 2,012 D Non-Qualified Stock Option (right to buy) $ 18.6 05/12/2014 M 2,012 11/30/2005 05/17/2014 Common Stock 20,000 $ 18.6 0 D Incentive Stock Option (right to buy) $ 14.12 11/30/2005 05/09/2015 Common Stock 25,000 25,000 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 02/18/2012 02/18/2015 Common Stock 5,000 5,000 D Incentive/Non-Qualified Stock Option (right to buy) $ 17.02 02/16/2013 02/16/2016 Common Stock 34,000 34,000 D Incentive/Non-Qualified Stock Option (right to buy) $ 18.95 02/28/2014 02/28/2017 Common Stock 8,800 8,800 D Incentive/Non-Qualified Stock Option (right to buy) $ 16.33 02/22/2017( 1 ) 02/22/2019 Common Stock 45,000 45,000 D Incentive/Non-Qualified Stock Option (right to buy) $ 18.55 02/25/2018( 2 ) 02/25/2020 Common Stock 29,000 29,000 D Non-Qualified Stock Option (right to buy) $ 20.9 05/09/2014 A( 3 ) 26,300 05/09/2019( 4 ) 05/09/2021 Common Stock 26,300 $ 20.9 26,300 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other PETTY DAVID W 2735 NW 21ST STREET GAINESVILLE, FL32605 Chief Executive Officer Signatures /s/ David W. Petty 05/13/2014 Signature of Reporting Person Date

Explanation of Responses:

( 1 )Such options are currently exercisable as regards 18,000 of the covered shares. The remaining shares are exercisable, as regards 9,000 of the covered shares, on the third anniversary of the date of grant, as regards 9,000 of the covered shares on the fourth anniversary of the date of grant, and as regards 9,000 of the covered shares, on the fifth anniversary of the date of grant. ( 2 )Such options are currently exercisable as regards 5,800 of the covered shares. The remaining shares are exercisable, as regards 5,800 of the covered shares, on the second anniversary of the date of grant, as regards 5,800 of the covered shares, on the third anniversary of the date of grant, as regards 5,800 of the covered shares on the fourth anniversary of the date of grant, and as regards 5,800 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 5,260 of the covered shares, on the first anniversary of the date of grant, as regards 5,260 of the covered shares, on the second anniversary of the date of grant, as regards 5,260 of the covered shares, on the third anniversary of the date of grant, as regards 5,260 of the covered shares on the fourth anniversary of the date of grant, and as regards 5,260 of the covered shares, on the fifth anniversary of the date of grant.

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).

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