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	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	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* MILLER GARY J (Last) (First) (Middle) 531 SW 26TH PLACE (Street) GAINESVILLE FL 32601 (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) Executive Vice President, R&D
	3. Date of Earliest Transaction (Month/Day/Year) 03/30/2011
	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	03/30/2011		S(6)		6,700	D	$17.69	385,862	I	by Partnership
Common Stock	03/31/2011		S(6)		3,450	D	$17.57	382,412	I	by Partnership
Common Stock								47,056	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 (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
Incentive Stock Option (right to buy)	$8.63							01/01/2002(1)	04/20/2011	Common Stock	7,000		7,000	D
Incentive Stock Option (right to buy)	$14.46							11/30/2005(1)	05/02/2013	Common Stock	7,500		7,500	D
Incentive Stock Option (right to buy)	$18.6							11/30/2005(1)	05/17/2014	Common Stock	7,500		7,500	D
Incentive Stock Option (right to buy)	$14.12							11/30/2005(1)	05/09/2015	Common Stock	10,000		10,000	D
Non-Qualified Option (right to buy)	$14.27							12/18/2011(2)	12/18/2016	Common Stock	5,000		5,000	D
Non-Qualified Option (right to buy)	$19.93							11/29/2010(1)	11/29/2012	Common Stock	10,000		10,000	D
Non-Qualified Option (right to buy)	$12.68							02/18/2012(3)	02/18/2015	Common Stock	5,000		5,000	D
Non-Qualified Option (right to buy)	$17.02							02/16/2013(4)	02/16/2016	Common Stock	16,000		16,000	D
Non-Qualified Option (right to buy)	$18.95							02/28/2014(5)	02/28/2017	Common Stock	2,800		2,800	D

Explanation of Responses:

1. Such options are currently exercisable.

2. Such options are currently exercisable as regards 4,000 of the covered shares. The remaining options are exercisable, as regards 1,000 of the covered shares, on the fifth anniversary of the date of grant.

3. 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.

4. Such options are currently exercisable as regards 5,333 of the covered shares. The remaining options are exercisable, as regards 5,333 of the covered shares, on the second anniversary of the date of grant, and as regards 5,334 of the covered shares, on the third anniversary of the date of grant.

5. Such options are exercisable, as regards 933 of the covered shares, on the first anniversary of the date of grant, as regards 933 of the covered shares, on the second anniversary of the date of grant, and as regards 934 of the covered shares, on the third anniversary of the date of grant.

6. Such shares were sold pursuant to a Rule 10b5-1 plan to sell a maximum of 37,500 shares, that began April 12, 2010, and expired on March 31, 2011.

	Gary J. Miller	04/01/2011
	** Signature of Reporting Person	Date
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