Sec Form 4 Filing - PETTY R WILLIAM @ EXACTECH INC - 2016-09-20

Every director, officer or owner of more than ten percent of a class of equity securities registered under Section 12 of the '34 Act must file with the U.S. Securities and Exchange Commission (SEC) a statement of ownership regarding such security.

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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 R WILLIAM
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 Chairman
(Last)
(First)
(Middle)
6717 NW 48TH LANE
3. Date of Earliest Transaction (MM/DD/YY)
09/20/2016
(Street)
GAINESVILLE, FL32653
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 09/20/2016 G V 3,000 D $ 0 3,080,271 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 (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) $ 14.27 12/18/2011 12/18/2016 Common Stock 5,000 5,000 D
Non-Qualified Option (right to buy) $ 18.95 02/28/2014 02/28/2017 Common Stock 17,200 17,200 D
Non-Qualified Option (right to buy) $ 16.33 02/22/2017( 1 ) 02/22/2019 Common Stock 75,000 75,000 D
Non-Qualified Option (right to buy) $ 18.55 02/25/2018( 2 ) 02/25/2020 Common Stock 75,000 75,000 D
Non-Qualified Option (right to buy) $ 20.9 05/09/2019( 3 ) 05/09/2021 Common Stock 55,217 55,217 D
Non-Qualified Stock Option (right to buy) $ 23.28 04/29/2020( 4 ) 04/29/2022 Common Stock 50,000 50,000 D
Non-Qualified Stock Option (right to buy) $ 14.27 12/18/2011 12/18/2016 Common Stock 5,000 5,000 I by Spouse ( 5 )
Non-Qualified Option (right to buy) $ 18.95 02/28/2014 02/28/2017 Common Stock 2,800 2,800 I by Spouse ( 5 )
Non-Qualified Option (right to buy) $ 16.33 02/22/2017( 6 ) 02/22/2019 Common Stock 11,900 11,900 I by Spouse ( 5 )
Non-Qualified Option (right to buy) $ 18.55 02/25/2018( 7 ) 02/25/2020 Common Stock 3,000 3,000 I by Spouse ( 5 )
Non-Qualified Option (right to buy) $ 20.9 05/09/2019( 8 ) 05/09/2021 Common Stock 8,000 8,000 I by Spouse ( 5 )
Non-Qualified Stock Option (right to buy) $ 23.28 04/29/2020( 9 ) 04/29/2022 Common Stock 6,000 6,000 I by Spouse ( 5 )
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
PETTY R WILLIAM
6717 NW 48TH LANE
GAINESVILLE, FL32653
Executive Chairman
Signatures
/s/ William Petty 09/22/2016
** Signature of Reporting Person Date
Explanation of Responses:
( 1 )Such options are currently exercisable as regards 60,000 of the covered shares. The remaining options are exercisable, as regards 15,000 of the covered shares, on the fifth anniversary of the date of grant.
( 2 )Such options are currently exercisable as regards 45,000 of the covered shares. The remaining options are exercisable, 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.
( 3 )Such options are currently exercisable as regards 22,086 of the covered shares. The remaining options are exercisable, 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.
( 4 )Such options are currently exercisable as regards 10,000 of the covered shares. The remaining options are exercisable, as regards 10,000 of the covered shares, on the second anniversary of the date of grant, as regards 10,000 of the covered shares, on the third anniversary of the date of grant, as regards 10,000 of the covered shares on the fourth anniversary of the date of grant, and as regards 10,000 of the covered shares, on the fifth anniversary of the date of grant.
( 5 )Such options were granted to Dr. Petty's spouse, Betty A. Petty, Vice President, Administration and Facilities, of the Issuer.
( 6 )Such options are currently exercisable as regards 9,520 of the covered shares. The remaining options are exercisable, as regards 2,380 of the covered shares, on the fifth anniversary of the date of grant.
( 7 )Such options are currently exercisable as regards 1,800 of the covered shares. The remaining options are exercisable, 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.
( 8 )Such options are currently exercisable as regards 3,200 of the covered shares. The remaining options are exercisable, 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.
( 9 )Such options are currently exercisable as regards 1,200 of the covered shares. The remaining options are exercisable, as regards 1,200 of the covered shares, on the second anniversary of the date of grant, as regards 1,200 of the covered shares, on the third anniversary of the date of grant, as regards 1,200 of the covered shares on the fourth anniversary of the date of grant, and as regards 1,200 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).

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