U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
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(f) of the Investment Company Act of 1940
[ ] Check this box if no longer subject of Section 16. Form 4 or Form 5
obligations may continue. See Instruction 1(b).
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1. Name and Address of Reporting Person
STIKELEATHER, ROGER
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(Last) (First) (Middle)
c/o Osteotech, Inc. 50 James Way
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(Street)
Eatontown, New Jersey 07724
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
OSTEOTECH, INC. (OSTE)
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3. IRS or Social Security Number of Reporting Person (Voluntary)
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4. Statement for Month/Year
July 1997
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5. If Amendment, Date of Original (Month/Year)
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6. Relationship of Reporting Person to Issuer
(Check all applicable)
[ ] Director [ ] 10% Owner
[ X ] Officer (give title below) [ ] Other (specify below)
Executive Vice President Sales and Marketing
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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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<TABLE>
<CAPTION>
6.
4. 5. Owner-
Securities Acquired (A) or Amount of ship
3. Disposed of (D) Securities Form: 7.
Transaction (Instr. 3, 4 and 5) Beneficially Direct Nature of
2. Code ------------------------------- Owned at End (D) or Indirect
1. Transaction (Instr. 8) (A) of Month Indirect Beneficial
Title of Security Date ------------ Amount or Price (Instr. 3 (I) Ownership
(Instr. 3) (mm/dd/yy) Code V (D) and 4) (Instr.4) (Instr. 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Common Stock 07/18/97 S 1,040 D $12.00
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Common Stock 07/18/97 S 1,500 D $12.00
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Common Stock 07/18/97 S 6,719 D $11.875
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Common Stock 07/21/97 S 10,000 D $11.875
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Common Stock 07/21/97 S 1,900 D $11.875
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Common Stock 07/21/97 S 2,422 D $12.00
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Common Stock 07/21/97 S 5,000 D $12.00
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Common Stock 07/21/97 S 1,000 D $12.125
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Common Stock 07/22/97 M 5,000 A $5.50
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Common Stock 07/22/97 M 2,500 A $6.50
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Common Stock 07/22/97 S 1,300 D $11.875
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Common Stock 07/23/97 X 10,438 A $.663
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Common Stock 07/23/97 X 3,592 A $.663
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Common Stock 07/23/97 M 5,882 A $5.10
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Common Stock 07/23/97 M 3,250 A $5.250
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Common Stock 07/23/97 M 5,068 A $5.250
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Common Stock 07/23/97 S 2,500 D $11.875
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Common Stock 07/23/97 S 8,700 D $11.875
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Common Stock 07/23/97 S 400 D $12.00
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Common Stock 07/23/97 S 600 D $12.00
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Common Stock 07/23/97 S 2,000 D $12.00
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Common Stock 07/23/97 S 12,730 D $11.875
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</TABLE>
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly
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FORM 4 (continued)
Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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<TABLE>
<CAPTION>
9. 10.
Number Owner-
of ship
2. Deriv- of
Conver- 5. 7. ative Deriv- 11.
sion Number of Title and Amount Secur- ative Nature
of Derivative 6. of Underlying 8. ities Secur- of
Exer- 4. Securities Date Securities Price Bene- ity: In-
cise 3. Trans- Acquired (A) Exercisable and (Instr. 3 and 4) of ficially Direct direct
Price Trans- action or Disposed Expiration Date ---------------- Deriv- Owned (D) or Bene-
1. of action Code of(D) (Month/Day/Year) Amount ative at End In- ficial
Title of Deriv- Date (Instr. (Instr. 3, ---------------- or Secur- of direct Owner-
Derivative ative (Month/ 8) 4 and 5) Date Expira- Number ity Month (I) ship
Security Secur- Day/ ------ ------------ Exer- tion of (Instr. (Instr. (Instr. (Instr.
(Instr. 3) ity Year) Code V (A) (D) cisable Date Title Shares 5) 4) 4) 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Employee Stock
Option Common
(right to buy) $6.50 7/22/97 M 2,500 12/24/93 12/24/98 Stock 2,500 0 D
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Employee Stock
Option Common
(right to buy) $5.50 7/22/97 M 5,000 10/28/94 10/28/99 Stock 5,000 0 D
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Employee Stock
Option Common
(right to buy) $.663 7/23/97 X 10,438 (1) (2) Stock 10,438 0 D
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Employee Stock
Option Common
(right to buy) $.663 7/23/97 X 3,592 (3) (4) Stock 3,592 0 D
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Employee Stock
Option Common
(right to buy) $5.10 7/23/97 M 5,882 (5) (6) Stock 5,882 0 D
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Employee Stock
Option Common
(right to buy) $5.25 7/23/97 M 3,250 (7) (8) Stock 3,250 0 D
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Employee Stock
Option Common
(right to buy) $5.25 7/23/97 M 5,068 (9) (10) Stock 5,068 0 D
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</TABLE>
Explanation of Responses:
(1) Exercisable as to 5,219 shares on each of March 22, 1993 and March 22,
1994.
(2) Options expire as to 5,219 shares on each of March 22, 1998 and March 22,
1999.
(3) Exercisable as to 1,197 shares on each of December 20, 1992 and December
20, 1993; and 1,198 shares on December 20, 1994.
(4) Options expire as to 1,197 on each of December 20, 1997 and December 20,
1998; and 1,198 shares on December 20, 1999.
(5) Exercisable as to 2,941 shares on each of March 21, 1993 and March 21,
1994.
(6) Options expire as to 2,941 shares on each of March 21, 1998 and March 21,
1999.
(7) Exercisable as to 1,625 shares on each of January 1, 1993 and January 1,
1994.
(8) Options expire as to 1,625 shares on each of January 1, 1998 and January 1,
1999.
(9) Exercisable as to 2,534 shares on each of August 19, 1993 and August 19,
1994.
(10) Options expire as to 2,534 shares on each of August 19, 1998 and August 19,
1999.
/s/ROGER STIKELEATHER 07/30/97
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**Signature of Reporting Person Date
** 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 provided is insufficient, see Instruction 6 for procedures.
