VON ARX DOLPH W 4
4 · CREE INC · Filed May 14, 2010
Insider Transaction Report
Form 4
CREE INCCREE
VON ARX DOLPH W
Director
Transactions
- Exercise/Conversion
COMMON STOCK
2010-05-13$71.53/sh+24,000$1,716,751→ 508,435 total - Sale
COMMON STOCK
2010-05-13$77.18/sh−24,000$1,852,267→ 484,435 total - Exercise/Conversion
NONQUALIFIED STOCK OPTION (RIGHT TO BUY)
2010-05-13−24,000→ 0 totalExercise: $71.53From: 2000-10-03Exp: 2010-07-03→ COMMON STOCK (24,000 underlying) - Gift
COMMON STOCK
2010-03-11−1,500→ 484,435 total
Footnotes (3)
- [F1]The price reported in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $77.00 to $77.35, inclusive. Mr. von Arx undertakes to provide to Cree, Inc., any security holder of Cree, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F2]Of the 484,435 shares reported, (1) 63,500 shares are held directly; (2) 390,935 shares are held indirectly in a revocable living trust for the benefit of Mr. von Arx; (3) 15,000 shares are held indirectly in a revocable living trust for the benefit of Mr. von Arx's spouse; and (4) 15,000 shares are held indirectly in a family trust. Mr. von Arx disclaims beneficial ownership of the 15,000 shares held by the family trust.
- [F3]Option vested as to 6,000 shares on each of October 3, 2000, January 3, 2001, April 3, 2001 and July 3, 2001.