SEC FORM 3

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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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1. Name and Address of Reporting Person^*

Edwards Donna M

(Last)

(First)

(Middle)

18130 NW 118TH WAY

(Street)

LAKE BUTLER

32054

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
06/09/2011

3. Issuer Name and Ticker or Trading Symbol
EXACTECH INC [ EXAC ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chief Compliance Officer

5. 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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	2,360	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Incentive Stock Option (right to buy)	11/30/2005	05/02/2013	Common Stock	5,000	$14.46	D
Incentive Stock Option (right to buy)	11/30/2005	05/17/2014	Common Stock	2,000	$18.6	D
Incentive Stock Option (right to buy)	11/30/2005	05/09/2015	Common Stock	5,000	$14.12	D
Incentive Stock Option (right to buy)	12/18/2011⁽¹⁾	12/18/2016	Common Stock	8,000	$14.27	D
Incentive/Non-Qualified Stock Option (right to buy)	11/29/2010	11/29/2012	Common Stock	15,000	$19.93	D
Non-Qualified Stock Option (right to buy)	02/18/2012⁽²⁾	02/18/2015	Common Stock	5,000	$12.68	D
Incentive Stock Option (right to buy)	02/16/2013⁽³⁾	02/16/2016	Common Stock	10,000	$17.02	D
Incentive Stock Option (right to buy)	02/28/2014⁽⁴⁾	02/28/2017	Common Stock	1,700	$18.95	D

Explanation of Responses:

1. Such options are currently exercisable as regards 6,400 of the covered shares. The remaining options are exercisable, as regards 1,600 of the covered shares, on the fifth anniversary of the date of grant.

2. Such options are currently exercisable as regards 3,334 of the covered shares. The remaining options are exercisable, as regards 1,666 of the covered shares, on the third anniversary of the date of grant.

3. Such options are currently exercisable as regards 3,333 of the covered shares. The remaining options are exercisable, as regards 3,333 of the covered shares, on the second anniversary of the date of grant, and as regards 3,334 of the covered shares, on the third anniversary of the date of grant.

4. Such options are exercisable, as regards 566 of the covered shares, on the first anniversary of the date of grant, as regards 567 of the covered shares, on the second anniversary of the date of grant, and as regards 567 of the covered shares, on the third anniversary of the date of grant.

Remarks:

Ms. Edwards was elected to the office of Chief Compliance Officer by the Issuer's Board of Directors at its meeting on June 9, 2011.

	/s/ Donna M. Edwards	06/14/2011
	** 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 5 (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.
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