Sec Form 4 Filing - PETTY R WILLIAM @ EXACTECH INC - 2017-05-03

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) 05/03/2017 (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 3,080,271 I by Partnership Common Stock 104,400 D Common Stock 75,400 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 Option (right to buy) $ 16.33 02/22/2017 02/22/2019 Common Stock 75,000 75,000 D Non-Qualified Option (right to buy) $ 18.55 02/25/2018( 1 ) 02/25/2020 Common Stock 75,000 75,000 D Non-Qualified Option (right to buy) $ 20.9 05/09/2019( 2 ) 05/09/2021 Common Stock 55,217 55,217 D Non-Qualified Stock Option (right to buy) $ 23.28 04/29/2020( 3 ) 04/29/2022 Common Stock 50,000 50,000 D Non-Qualified Stock Option (right to buy) $ 30.5 05/03/2017 A( 4 ) 42,000 05/03/2022( 5 ) 05/03/2024 Common Stock 42,000 $ 30.5 42,000 D Non-Qualified Option (right to buy) $ 16.33 02/22/2017 02/22/2019 Common Stock 11,900 11,900 I by Spouse ( 6 ) Non-Qualified Option (right to buy) $ 18.55 02/25/2018( 7 ) 02/25/2020 Common Stock 3,000 3,000 I by Spouse ( 6 ) Non-Qualified Option (right to buy) $ 20.9 05/09/2019( 8 ) 05/09/2021 Common Stock 8,000 8,000 I by Spouse ( 6 ) 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 ( 6 ) Non-Qualified Stock Option (right to buy) $ 30.5 05/03/2017 A( 4 ) 5,000 05/03/2022( 10 ) 05/03/2024 Common Stock 5,000 $ 30.5 5,000 I by Spouse ( 6 )

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 05/04/2017 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 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. ( 3 )Such options are currently exercisable as regards 20,000 of the covered shares. The remaining options are exercisable, 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. ( 4 )Such options were awarded pursuant to the Issuer's 2009 Executive Incentive Compensation Plan. ( 5 )Such options are exercisable as regards 8,400 of the covered shares, on the first anniversary of the date of grant, as regards 8,400 of the covered shares, on the second anniversary of the date of grant, as regards 8,400 of the covered shares, on the third anniversary of the date of grant, as regards 8,400 of the covered shares on the fourth anniversary of the date of grant, and as regards 8,400 of the covered shares, on the fifth anniversary of the date of grant. ( 6 )Such options were granted to Dr. Petty's spouse, Betty A. Petty, Vice President, Administration and Facilities, of the Issuer. ( 7 )Such options are currently exercisable as regards 2,400 of the covered shares. The remaining options are exercisable, 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 2,400 of the covered shares. The remaining options are exercisable, 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. ( 10 )Such options are exercisable as regards 1,000 of the covered shares, on the first anniversary of the date of grant, as regards 1,000 of the covered shares, on the second anniversary of the date of grant, as regards 1,000 of the covered shares, on the third anniversary of the date of grant, as regards 1,000 of the covered shares on the fourth anniversary of the date of grant, and as regards 1,000 of the covered shares, on the fifth anniversary of the date of grant.

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