ARTIVION, INC. — Director's Dealing 2017

Feb 23, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CRYOLIFE INC (CRY)
CIK: 0000784199
Period of Report: 2017-02-19

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-02-19	Common Stock	F	3104	$17.25	Disposed	288292	Direct
2017-02-19	Common Stock	F	1330	$17.25	Disposed	272782	Direct
2017-02-19	Common Stock	A	18614	$17.25	Acquired	291396	Direct
2017-02-21	Common Stock	A	9111	—	Acquired	297403	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1500	Indirect
Common Stock	5000	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (Right to Buy)	$16.3	2024-02-21	Common Stock (25665)	25665	Direct

Footnotes

F1: These shares were withheld upon the vesting of restricted stock to pay tax withholding obligations.

F2: Represents performance stock units granted on February 19, 2016 and earned at approximately 142.2% of target based on 2016 adjusted EBITDA. Fifty percent (50%) were issued on February 19, 2017. The remaining shares earned in connection with the February 2016 grant will vest and be issued as follows: 50% on 02/19/2018, and 50% on 02/19/2019, assuming continued employment on the relevant vesting date.

F3: Represents share of restricted stock that vest on the third anniversary of the grant date if the reporting person remains in the continuous employ of the Company.