ARTIVION, INC. — Director's Dealing 2014

Aug 15, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CRYOLIFE INC (CRY)
CIK: 0000784199
Period of Report: 2014-08-13

Reporting Person: LEE DAVID ASHLEY (Executive VP, COO & CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-08-13	Common Stock	M	9881	$9.73	Acquired	238490	Direct
2014-08-13	Common Stock	S	9881	$10.51	Disposed	228609	Direct
2014-08-14	Common Stock	M	119	$9.73	Acquired	228728	Direct
2014-08-14	Common Stock	S	119	$10.5	Disposed	228609	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-08-13	Stock Option (Right to Buy)	$9.73	M	9881	Disposed	2015-02-25	Common Stock (9881)	Direct
2014-08-14	Stock Option (Right to Buy)	$9.73	M	119	Disposed	2015-02-25	Common Stock (119)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	5000	Indirect
Common Stock	1500	Indirect

Footnotes

F1: The sale reported on this form was effected pursuant to a 10b5-1 trading plan adopted by the reporting person on August 5, 2014.

F2: Reflects weighted average price. Range of prices were between $10.50 to $10.56. The reporting person will provide upon request by the Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares purchased or sold at each separate price.

F3: Stock option vests 33 1/3% per year beginning on the first anniversary of the grant date (February 25, 2008).