UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
( ) Check this box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue. See Instructions 1(b).
1. Name and Address of Reporting Person
LEE, DAVID ASHLEY
CryoLife, Inc.
1655 Roberts Blvd., N.W.
Kennesaw, GA 30144
2. Issuer Name and Ticker or Trading Symbol
CRYOLIFE, INC.
CRY
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Year
June, 2000
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
( ) Director ( ) 10% Owner (X) Officer (give title below) ( ) Other
(specify below)
Vice President of Finance and Chief Financial Officer
7. Individual or Joint/Group Filing (Check Applicable Line)
(X) Form filed by One Reporting Person
( ) Form filed by More than One Reporting Person
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Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned |
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1. Title of Security |2. |3. |4.Securities Acquired (A) |5.Amount of |6.Dir |7.Nature of Indirect |
| Transaction | or Disposed of (D) | Securities |ect | Beneficial Ownership |
| | | | Beneficially |(D)or | |
| | | | | A/| | Owned at |Indir | |
| Date |Code|V| Amount | D | Price | End of Month |ect(I)| |
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<S> <C> <C> <C><C> <C> <C> <C> <C> <C>
Common Stock |6/16/0| | | 5,000 | | $| 6,487 (1) | D | |
|0 | M | | | A|3.50 | | | |
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Common Stock | | | | | | |1,600 (2) |I |by Parents |
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Common Stock | | | | | | |500 |I |by Daughter |
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Common Stock | | | | | | |500 |I |by Daughter |
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Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned |
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1.Title of Derivative |2.Con- |3. |4. |5.Number of De |6.Date Exer|7.Title and Amount |8.Price|9.Number |10.|11.Nature of|
Security |version |Transaction | rivative Secu |cisable and| of Underlying |of Deri|of Deriva |Dir|Indirect |
|or Exer | | | rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial |
|cise | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership |
|Price of| | | posed of(D) |Day/Year) | |rity |Benefi |or | |
|Deriva- | | | |Date |Expir| | |ficially |Ind| |
|tive | | | | A/|Exer-|ation| Title and Number | |Owned at |ire| |
|Secu- | | | | | D |cisa-|Date | of Shares | |End of |ct | |
|rity |Date |Code|V| Amount | |ble | | | |Month |(I)| |
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<S> <C> <C> <C> <C><C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Incentive Stock Option|$3.50 |6/16/|M | |5,000 |D |(3) |6/16/|Common Stock|5,000 |N/A |0 | | |
| |00 | | | | | |00 | | | | | | |
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| | | | | | | | | | | | | | |
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Explanation of Responses:
(1) Includes 600 shares that Mr. Lee holds jointly with his
spouse.
(2) The reporting person has power of disposition only and disclaims
beneficial ownership of these shares. This
report shall not be deemed an admission that the reporting person is the
beneficial owner of such securities for
purposes of Section 16 or for any other
reason.
(3) Exercisable in five equal annual installments of 1000 shares each
beginning on 12/16/95.
SIGNATURE OF REPORTING PERSON
/s/ David Ashley Lee
David Ashley Lee
DATE
July 6, 2000
