SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 2) CryoLife, Inc. (Name of Issuer) Common Stock, $0.01 par value ----------------------------- (Title and Class of Securities) 228 903 100 ----------- (CUSIP Number) 196477.1Page 2 of 6 CUSIP NO. 228 903 100 ----------- (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 - 1,043,470** Shares Beneficially Owned by Each (6) Shared Voting Power - 104,510*** Reporting Person With * (7) Sole Dispositive Power - 1,043,470** (8) Shared Dispositive Power -104,510*** - -------------------------------------------------------------------------------- (9) Aggregate Amount Beneficially Owned by Each Reporting Person 1,147,980 shares* ** *** - -------------------------------------------------------------------------------- (10) Check if Aggregate Amount in Row (9) Excludes Certain Shares_____. - -------------------------------------------------------------------------------- (11) Percent of Class Represented by Amount in Row 9 12.0 percent* - -------------------------------------------------------------------------------- (12) Type of Reporting Person IN - -------------------------------------------------------------------------------- 196477.1 -2- Page 3 of 6 * Reflects a two-for-one stock split effected on June 28, 1996. ** Includes 8000 shares subject to options which became exercisable on February 3, 1997. *** Includes 104,510 shares owned by Mr. Anderson's spouse. 196477.1 -3- Page 4 of 6 Item l(a). Name of Issuer: CryoLife, Inc. Item l(b). Address of Issuer's Principal Executive Offices: 1655 Roberts Boulevard, NW, 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, NW, 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 (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 196477.1 -4- Page 5 of 6 (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 196477.1 -5- Page 6 of 6 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 - ---------------------- Steven G. Anderson February 5, 1997 ---------------- Date 196477.1 -6-