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
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Edwards Donna M
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, Legal
(Last)          (First)          (Middle)

18130 NE 118TH WAY
3. Date of Earliest Transaction (MM/DD/YYYY)

12/31/2014
(Street)

LAKE BUTLER, FL 32054
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
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. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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   12/31/2014     A (1)   V 140   A $19.92   5678   D    

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 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 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)   $14.12                    11/30/2005   5/9/2015   Common Stock   5000     5000   D    
Incentive Stock Option (right to buy)   $14.27                    12/18/2011   12/18/2016   Common Stock   8000     8000   D    
Incentive Stock Option (right to buy)   $17.02                    2/16/2013   2/16/2016   Common Stock   10000     10000   D    
Incentive Stock Option (right to buy)   $18.95                    2/28/2014   2/28/2017   Common Stock   1700     1700   D    
Incentive/Non-qualified Stock Option (right to buy)   $16.33                    2/22/2017   (2) 2/22/2019   Common Stock   10700     10700   D    
Incentive Stock Option (right to buy)   $18.55                    2/25/2018   (3) 2/25/2020   Common Stock   9000     9000   D    
Non-Qualified Stock Option (right to buy)   $20.90                    5/9/2019   (4) 5/9/2021   Common Stock   8000     8000   D    

Explanation of Responses:
( 1)  Such shares were acquired pursuant to the Issuer's 2009 Employee Stock Purchase Plan.
( 2)  Such options are currently exercisable as regards 4,280 of the covered shares. The remaining options are exercisable, as regards 2,140 of the covered shares, on the third anniversary of the date of grant, as regards 2,140 of the covered shares on the fourth anniversary of the date of grant, and as regards 2,140 of the covered shares, on the fifth anniversary of the date of grant.
( 3)  Such options are currently exercisable as regards 1,800 of the covered shares. The remaining options are exercisable, as regards 1,800 of the covered shares, on the second anniversary of the date of grant, as regards 1,800 of the covered shares, on the third anniversary of the date of grant, as regards 1,800 of the covered shares on the fourth anniversary of the date of grant, and as regards 1,800 of the covered shares, on the fifth anniversary of the date of grant.
( 4)  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.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Edwards Donna M
18130 NE 118TH WAY
LAKE BUTLER, FL 32054


Vice President, Legal

Signatures
/s/ Donna M. Edwards 1/5/2015
** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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