UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 5
ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
( ) Check box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue. See Instructions 1(b).
( ) Form 3 Holdings Reported
( ) Form 4 Transactions Reported
1. Name and Address of Reporting Person
LEE, DAVID ASHLEY
CryoLife, Inc.
1655 Roberts Blvd., N.W.
Kennesaw, GA 30144
USA
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
12/31/2001
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 Reporting (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 |
|Date |Code| | Beneficially |(D)or | |
| | | | A/| | Owned at |Indir | |
| | | Amount | D | Price | End of Year |ect(I)| |
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Common Stock | | | | | |6,000 |D | |
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| | | | | |1,700 |I |By Parents (1) |
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| | | | | |750 |I |By Daughter |
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| | | | | |750 |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 |Date |Code| rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial |
|cise Pr | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership |
|ice 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 | | | Amount | |ble | | | |Year |(I)| |
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Incentive Stock Option |$30.856 |5-17-|A |4,598 |A |(2) |11-17|Common Stock|4,598 |N/A |4,598 |D | |
| |01 | | | | |-06 | | | | | | |
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Non-qualifying Stock Opt|$30.856 |5-17-|A |17,902 |A |(3) |11-17|Common Stock|17,902 |N/A |17,902 |D | |
ion | |01 | | | | |-06 | | | | | | |
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Explanation of Responses:
(1) Mr. Lee 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.
(2) Option vests as follows: 315 shares on second anniversary of grant date;
315 shares on third anniversary of grant date; 728 shares on fourth
anniversary of grant date; 3,240 shares on fifth anniversary of grant
date.
(3) Option vests annually in 20% increments over five years beginning on first
anniversary of grant date.
SIGNATURE OF REPORTING PERSON
/s/ David Ashley Lee
DATE
February 11, 2002