Sec Form 4 Filing - MILLER GARY J @ EXACTECH INC - 2015-03-19

Insider filing report for Changes in Beneficial Ownership
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
What is insider trading>>
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
OMB APPROVAL
OMB Number: 3235-0287
Expires: November 30, 2011
Estimated average burden hours per response... 0.5
1. Name and Address of Reporting Person
MILLER GARY J
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)
Executive Vice President, R&D
(Last) (First) (Middle)
531 SW 26TH PLACE
3. Date of Earliest Transaction (MM/DD/YY)
03/19/2015
(Street)
GAINESVILLE, FL32601
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 03/19/2015 S( 1 ) 10,300 D $ 24.4 219,020 I by Partnership
Common Stock 03/20/2015 S( 1 ) 22,500 D $ 25.2 196,520 I by Partnership
Common Stock 19,556 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 (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
Incentive Stock Option (right to buy) $ 14.12 11/30/2005 05/09/2015 Common Stock 10,000 10,000 D
Non-Qualified 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 16,000 16,000 D
Non-Qualified Option (right to buy) $ 18.95 02/28/2014 02/28/2017 Common Stock 2,800 2,800 D
Incentive Stock Option (right to buy) $ 16.33 02/22/2017( 2 ) 02/22/2019 Common Stock 19,800 19,800 D
Incentive/Non-Qualified Option (right to buy) $ 18.55 02/25/2018( 3 ) 02/25/2020 Common Stock 16,000 16,000 D
Non-Qualified Stock Option (right to buy) $ 20.9 05/09/2019( 4 ) 05/09/2021 Common Stock 12,000 12,000 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
MILLER GARY J
531 SW 26TH PLACE
GAINESVILLE, FL32601
Executive Vice President, R&D
Signatures
/s/ Gary J. Miller 03/20/2015
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Such shares were sold in completion of a Rule 10b5-1 plan to sell a maximum of 50,000 shares of common stock beginning January 2, 2015 and expiring December 31, 2015.
( 2 )Such options are currently exercisable as regards 11,880 of the covered shares. The remaining options are exercisable, as regards 3,960 of the covered shares on the fourth anniversary of the date of grant, and as regards 3,960 of the covered shares, on the fifth anniversary of the date of grant.
( 3 )Such options are currently exercisable as regards 6,400 of the covered shares. The remaining options are exercisable, as regards 3,200 of the covered shares, on the third anniversary of the date of grant, as regards 3,200 of the covered shares on the fourth anniversary of the date of grant, and as regards 3,200 of the covered shares, on the fifth anniversary of the date of grant.
( 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.

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).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.