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OMB APPROVAL
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OMB Number 3235-0287
Expires: September 30, 1998
Estimated average burden
hours per response ....... 0.5
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UNITED STATES 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 to 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 C.
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(Last) (First) (Middle)
c/o Osteotech, Inc.
51 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
December 1997
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5. If Amendment, Date of Original (Month/Year)
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6. Relationship of Reporting Persons 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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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 12/03/97 M 15,000 A $ 4.250
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Common Stock 12/03/97 M 7,500 A $ 4.375
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Common Stock 12/03/97 M 2,941 A $ 5.100
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Common Stock 12/03/97 M 5,067 A $ 5.250
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Common Stock 12/03/97 M 1,625 A $ 5.250
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Common Stock 12/03/97 M 12,000 A $ 5.250
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Common Stock 12/03/97 M 15,000 A $ 5.500
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Common Stock 12/03/97 M 3,000 A $ 6.625
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Common Stock 12/03/97 M 7,500 A $ 6.500
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Common Stock 12/03/97 S 50,067 D $29.750
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Common Stock 12/04/97 S 3,418 D $30.810
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Common Stock 12/04/97 S 1,200 D $30.870
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Common Stock 12/04/97 S 410 D $31.000
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Common Stock 12/04/97 S 700 D $31.120
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Common Stock 12/04/97 S 2,600 D $31.250
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Common Stock 12/04/97 S 1,360 D $31.500
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Common Stock 12/04/97 S 5,000 D $31.620
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Common Stock 12/04/97 S 1,000 D $31.750
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Common Stock 12/04/97 S 300 D $31.870
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Common Stock 12/04/97 S 933 D $32.000
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Common Stock 12/04/97 S 2,645 D $32.250
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Common Stock 12/11/97 S 6,750 D $29.120
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Common Stock 12/12/97 M 3,000 A $ 6.625
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Common Stock 12/12/97 M 3,750 A $ 5.750 O D --
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</TABLE>
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
<PAGE>
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 $5.250 12/03/97 M 5,067 (b) (c) Common 5,067 O D
Option(a) Stock
(Right to Buy)
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Employee Stock $6.500 12/03/97 M 7,500 (d) (e) Common 7,500 O D
Option(a) Stock
(Right to Buy)
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Employee Stock $5.250 12/03/97 M 12,000 (f) (g) Common 12,000 O D
Option(a) Stock
(Right to Buy)
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Employee Stock $4.250 12/03/97 M 15,000 (h) (i) Common 15,000 O D
Option(a) Stock
(Right to Buy)
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Employee Stock $4.375 12/03/97 M 7,500 (j) (k) Common 7,500 O D
Option(a) Stock
(Right to Buy)
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Employee Stock $6.625 12/03/97 M 3,000 12/7/96 12/7/05 Common 3,000 O D
Option(a) Stock
(Right to Buy)
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Employee Stock $5.100 12/03/97 M 2,941 3/21/95 3/21/00 Common 2,941 O D
Option(a) Stock
(Right to Buy)
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Employee Stock $5.250 12/03/97 M 1,625 1/1/95 1/1/00 Common 1,625 O D
Option(a) Stock
(Right to Buy)
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Employee Stock $5.500 12/03/97 M 15,000 (l) (m) Common 15,000 O D
Option(a) Stock
(Right to Buy)
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Employee Stock $6.625 12/12/97 M 3,000 12/7/96 12/7/05 Common 3,000 O D
Option(a) Stock
(Right to Buy)
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Employee Stock $5.750 12/12/97 M 3,750 12/6/97 12/6/06 Common 3,750 O D
Option(a) Stock
(Right to Buy)
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</TABLE>
Explanation of Responses:
See Attached
/s/ Roger C. Stikeleather January 5, 1998
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**Signature of Reporting Person Date
Roger C. Stikeleather
** 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.
<PAGE>
FORM 4 (continued)
Explanation of Responses:
(a) Granted under the Company's 1991 Stock Option Plan and qualified under Rule
16b-3.
(b) Exercisable as to 2,534 shares on August 19, 1995 and 2,533 shares on
August 19, 1996.
(c) Options expire as to 2,534 shares on August 19, 2000 and 2,533 shares on
August 19, 2001.
(d) Exercisable as to 2,500 shares on each of December 24, 1994; December 24,
1995 and December 24, 1996.
(e) Options expire as to 2,500 shares on each of December 24, 1999; December
24, 2000 and December 24, 2001.
(f) Exercisable as to 3,000 shares on each of April 28, 1994; April 28, 1995;
April 28, 1996 and April 28, 1997.
(g) Options expire as to 3,000 shares on each of April 28, 1999; April 28,
2000; April 28, 2001 and April 28, 2002.
(h) Exercisable as to 5,000 shares on each of February 14, 1995; February 14,
1996 and February 14, 1997.
(i) Options expire as to 5,000 shares on each of February 14, 2000; February
14, 2001 and February 14, 2002.
(j) Exercisable as to 3,750 shares on each of December 30, 1995 and December
30, 1996.
(k) Options expire as to 3,750 shares on each of December 30, 2000 and December
30, 2001.
(l) Exercisable as to 5,000 shares on each of October 28, 1995; October 28,
1996 and October 28, 1997.
(m) Options expire as to 5,000 shares on each of October 28, 2000; October 28,
2001 and October 28, 2002.
