MERRELL CYNTHIA B 4

4 · CREE INC · Filed Oct 19, 2004

Form 4

Period: 2004-10-19

CFO and Treasurer

Transactions

Exercise/Conversion
Common Stock
2004-10-19$4.84/sh+40,000$193,752→ 57,575 total
Exercise/Conversion
Nonqualified Stock Option (Right to Buy)
2004-10-19−6,800→ 3,200 total
Exercise: $4.69From: 1998-10-01Exp: 2007-10-01→ Common Stock (6,800 underlying)
Exercise/Conversion
Nonqualified Stock Option (Right to Buy)
2004-10-19−180,000→ 0 total
Exercise: $3.81From: 1999-07-01Exp: 2008-07-01→ Common Stock (180,000 underlying)
Exercise/Conversion
Common Stock
2004-10-19$2.34/sh+3,200$7,500→ 10,775 total
Exercise/Conversion
Common Stock
2004-10-19$3.81/sh+180,000$686,250→ 237,575 total
Sale
Common Stock
2004-10-19$30.56/sh−230,000$7,027,765→ 7,575 total
Exercise/Conversion
Nonqualified Stock Option (Right to Buy)
2004-10-19−40,000→ 0 total
Exercise: $4.84From: 1998-07-01Exp: 2008-03-16→ Common Stock (40,000 underlying)
Exercise/Conversion
Common Stock
2004-10-19$4.69/sh+6,800$31,875→ 17,575 total
Exercise/Conversion
Nonqualified Stock Option (Right to Buy)
2004-10-19−3,200→ 3,200 total
Exercise: $2.34From: 1998-01-01Exp: 2007-01-01→ Common Stock (3,200 underlying)

Footnotes (4)

[F1]The sale reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 20, 2004.
[F2]Option vested and became exerciseable as to 3,200 shares on each of 1/1/1998, 1/1/1999, 1/1/2000, 1/1/2001 and 1/1/2002.
[F3]Option vested and became exerciseable as to 3,200 shares on each of 10/1/1998, 10/1/1999, 10/1/2000, 10/1/2001 and 10/1/2002.
[F4]Includes the following shares purchased by Ms. Merrell in the Cree, Inc. Employee Stock Purchase Plan: 922 shares on 10/31/2000; 561 shares on 4/30/2001; 661 shares on 10/31/2001; 1,337 shares on 4/30/2002; 84 shares on 10/31/2002; 2,000 shares on 4/30/2003; 71 shares on 10/31/2003; and 1,409 shares on 4/30/2004.

Documents

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