XNAS:EXAC Exactech, Inc. Insider Activity 4 Filing - 7/16/2012

Effective Date 7/16/2012

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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 OF SECURITIES

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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(Print or Type Responses)
1. Name and Address of Reporting Person *
PHILLIPS JOEL C
  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)
CFO and Treasurer
(Last)
(First)
(Middle)
6308 NW 81ST BOULEVARD
3. Date of Earliest Transaction (Month/Day/Year)
07/16/2012
(Street)

GAINESVILLE, FL 32653
4. If Amendment, Date 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
(City)
(State)
(Zip)
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 07/16/2012   M   45,000 A $7.58 114,339 D  
Common Stock               9,503 I by minor children

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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 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
Incentive Stock Option (right to buy) $7.58 07/16/2012   M     45,000 07/18/2007 07/18/2012 Common Stock 60,000 $7.58 0 D  
Non-Qualified Stock Option (right to buy) $18.6             11/30/2005 05/17/2014 Common Stock 10,000   10,000 D  
Non-Qualified Stock Option (right to buy) $14.12             11/30/2005 05/09/2015 Common Stock 10,000   10,000 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) $19.93             11/29/2010 11/29/2012 Common Stock 25,000   25,000 D  
Non-Qualified Option (right to buy) $12.68             02/18/2012 02/18/2015 Common Stock 5,000   5,000 D  
Non-Qualified Option (right to buy) $17.02             02/16/2013(1) 02/16/2016 Common Stock 22,000   22,000 D  
Non-Qualified Option (right to buy) $18.95             02/28/2014(2) 02/28/2017 Common Stock 5,500   5,500 D  
Incentive/Non-Qualified Option (right to buy) $16.33             02/22/2017(3) 02/22/2019 Common Stock 45,000   45,000 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
PHILLIPS JOEL C
6308 NW 81ST BOULEVARD
GAINESVILLE, FL 32653
      CFO and Treasurer  

Signatures

 /s/ Joel C. Phillips   07/18/2012
** Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) Such options are currently exercisable as regards 14,666 of the covered shares. The remaining options are exercisable on the third anniversary of the date of grant.
(2) Such options are currently exercisable as regards 1,833 of the covered shares. The remaining options are exercisable, as regards 1,833 of the covered shares, on the second anniversary of the date of grant, and as regards 1,834 of the covered shares, on the third anniversary of the date of grant.
(3) Such options are exercisable as regards 9,000 of the covered shares, on the first anniversary of the date of grant, as regards 9,000 of the covered shares, on the second anniversary of the date of grant, as regards 9,000 of the covered shares, on the third anniversary of the date of grant, as regards 9,000 of the covered shares on the fourth anniversary of the date of grant, and as regards 9,000 of the covered shares, on the fifth anniversary of the date of grant.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.

XNAS:EXAC Exactech Inc Insider Activity 4 Filling

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XNAS:EXAC Exactech, Inc. Insider Activity 4 Filing - 7/16/2012
Name |  Ticker |  Star Rating |  Market Cap |  Stock Type |  Sector |  Industry Star Rating |  Investment Style |  Total Assets |  Category |  Top Holdings |  Top Sectors |  Symbol |  Title Star Rating |  Category |  Total Assets |  Top Holdings |  Top Sectors |  Symbol |  Name Title |  Date |  Author |  Collection |  Interest |  Popularity Topic |  Sector |  Key Indicators |  User Interest |  Market Cap |  Industry Name |  Ticker |  Star Rating |  Market Cap |  Stock Type |  Sector |  Industry Star Rating |  Investment Style |  Total Assets |  Category |  Top Holdings |  Top Sectors |  Symbol / Ticker |  Title Star Rating |  Category |  Total Assets |  Symbol / Ticker |  Name Title |  Date |  Author |  Collection |  Popularity |  Interest Title |  Date |  Company |  Symbol |  Interest |  Popularity Title |  Date |  Company |  Symbol |  Interest |  Popularity

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