SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 5) CryoLife, Inc. (Name of Issuer) Common Stock, $0.01 par value (Title and Class of Securities) 228 903 100 (CUSIP Number)CUSIP NO. 228 903 100 Page 2 of 5 (l) Names of Reporting Persons S.S. or I.R.S. Identification Nos. of Above Persons Steven G. Anderson SS# ###-##-#### (2) Check the Appropriate Box if a Member of a Group (a) . (b) . (3) SEC Use Only (4) Citizenship or Place of Organization United States Number of (5) Sole Voting Power - 1,077,620(1) Shares Beneficially Owned by Each (6) Shared Voting Power - 105,333(2) Reporting Person With (7) Sole Dispositive Power - 1,077,620(1) (8) Shared Dispositive Power - 105,333(2) (9) Aggregate Amount Beneficially Owned by Each Reporting Person 1,182,953 shares(1)(2) (10) Check if Aggregate Amount in Row (9) Excludes Certain Shares . --- (11) Percent of Class Represented by Amount in Row 9 9.3 percent(1)(2) (12) Type of Reporting Person IN (1) Includes 31,602 shares of Common Stock which are issuable upon the exercise of stock options which are exercisable within 60 days of the date of this report. Reflects a two-for-one stock split effected in the form of a stock dividend, payable on June 28, 1996 to stockholders of record as of June 7, 1996. (2) Includes 105,333 shares owned by Mr. Anderson's spouse. Reflects a two-for-one stock split effected in the form of a stock dividend, payable on June 28, 1996 to stockholders of record as of June 7, 1996. CUSIP NO. 228 903 100 Page 3 of 5 Item l(a). Name of Issuer: CryoLife, Inc. Item l(b). Address of Issuer's Principal Executive Offices: 1655 Roberts Boulevard Kennesaw, Georgia 30144 Item 2(a). Name of Person Filing: See item (l) of the cover pages Item 2(b). Address of Principal Business Office: 1655 Roberts Boulevard Kennesaw, Georgia 30144 Item 2(c). Citizenship: See item (4) of cover pages Item 2(d). Title of Class of Securities: Common Stock, $0.01 Par Value Item 2(e). CUSIP Number: 228 903 100 Item 3. Nature of Person Filing: Not applicable Item 4. Ownership: (a) Amount Beneficially Owned: See item (9) of cover pages (b) Percent of Class: See item (11) of cover pages CUSIP NO. 228 903 100 Page 4 of 5 (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: See item (5) of cover pages (ii) shared power to vote or to direct the vote: See item (6) of cover pages (iii) sole power to dispose or to direct the disposition of: See item (7) of cover pages (iv) shared power to dispose or to direct the disposition of: See item (8) of cover pages Item 5. Ownership of Five Percent or Less of Class: [ ] Item 6. Ownership of More than Five Percent on Behalf of Another Person: Not applicable Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company: Not applicable Item 8. Identification and Classification of Members of the Group: Not applicable Item 9. Notice of Dissolution of Group: Not applicable Item 10. Certification: Not applicable CUSIP NO. 228 903 100 Page 5 of 5 Signature. After reasonable inquiry the undersigned certifies that to the best of his knowledge and belief the information set forth in this statement is true, complete and correct. /s/ Steven G. Anderson February 11, 1999 Steven G. Anderson Date