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
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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 BETTY A

(Last) (First) (Middle)
6717 NW 48TH LANE

(Street)
GAINESVILLE FL 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)
Director 10% Owner
X Officer (give title below) Other (specify below)
Vice President, Administration
3. Date of Earliest Transaction (Month/Day/Year)
02/02/2015
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 3,146,338 I by Partnership
Common Stock 02/02/2015 M(1) 4,500 A $14.12 74,900 D
Common Stock 02/02/2015 S 4,500 D $20.76 70,400 D
Common Stock 02/02/2015 M(2) 3,000 A $13.4 102,400 I by Spouse
Common Stock 02/02/2015 S 3,000 D $20.72 99,400 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) $14.12 02/02/2015 M(1) 4,500 11/30/2005 05/09/2015 Common Stock 30,000 $14.12 13,500 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) $17.02 02/16/2013 02/16/2016 Common Stock 11,000 11,000 D
Non-Qualified Option (right to buy) $18.95 02/28/2014 02/28/2017 Common Stock 2,800 2,800 D
Non-Qualified Option (right to buy) $16.33 02/22/2017(3) 02/22/2019 Common Stock 11,900 11,900 D
Non-Qualified Option (right to buy) $18.55 02/25/2018(4) 02/25/2020 Common Stock 3,000 3,000 D
Non-Qualified Option (right to buy) $20.9 05/09/2019(5) 05/09/2021 Common Stock 8,000 8,000 D
Non-Qualified Stock Option (right to buy) $13.4 02/02/2015 M(2) 3,000 11/30/2005 05/31/2015 Common Stock 20,000 $13.4 9,000 I by Spouse(6)
Non-Qualified Stock Option (right to buy) $14.27 12/18/2011 12/18/2016 Common Stock 5,000 5,000 I by Spouse(6)
Non-Qualified Option (right to buy) $17.02 02/16/2013 02/16/2016 Common Stock 68,000 68,000 I by Spouse(6)
Non-Qualified Option (right to buy) $18.1 02/22/2012 02/22/2016 Common Stock 65,421 65,421 I by Spouse(6)
Non-Qualified Option (right to buy) $18.95 02/28/2014 02/28/2017 Common Stock 17,200 17,200 I By Spouse(6)
Non-Qualified Option (right to buy) $16.33 02/22/2017(7) 02/22/2019 Common Stock 75,000 75,000 I By Spouse(6)
Non-Qualified Option (right to buy) $18.55 02/25/2018(8) 02/25/2020 Common Stock 75,000 75,000 I By Spouse(6)
Non-Qualified Option (right to buy) $20.9 05/09/2019(9) 05/09/2021 Common Stock 55,217 55,217 I By Spouse(6)
Explanation of Responses:
1. Such in-the-money options were exercised by the Reporting Person in lieu of allowing such options to expire by their terms on May 9, 2015 pursuant to a Rule 10b5-1 plan to exercise and sell the underlying common shares beginning on January 2, 2015 and expiring May 8,2015.
2. Such in-the-money options were exercised by the Reporting Person in lieu of allowing such options to expire by their terms on May 31, 2015 pursuant to a Rule 10b5-1 plan to exercise and sell the underlying common shares beginning on January 2, 2015 and expiring May 29,2015.
3. Such options are currently exercisable as regards 4,760 of the covered shares. The remaining shares are exercisable, 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.
4. Such options are currently exercisable as regards 600 of the covered shares. The remaining shares are exercisable, 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.
5. Such options are exercisable as regards 1,600 of the covered shares, on the first anniversary of the date of grant, as regards 1,600 of the covered shares, on the second anniversary of the date of grant, 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.
6. Such options were granted to Mrs. Petty's spouse, Dr. William Petty, Executive Chairman of the Board, of the Issuer.
7. Such options are currently exercisable as regards 30,000 of the covered shares. The remaining shares are exercisable, 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.
8. 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.
9. Such options are exercisable as regards 11,043 of the covered shares, on the first anniversary of the date of grant, as regards 11,043 of the covered shares, on the second anniversary of the date of grant, 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.
Remarks:
/s/ Betty A. Petty 02/04/2015
** Signature of Reporting Person Date
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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