VON ARX DOLPH W 4
4 · CREE INC · Filed May 25, 2010
Insider Transaction Report
Form 4
CREE INCCREE
VON ARX DOLPH W
Director
Transactions
- Exercise/Conversion
COMMON STOCK
2010-05-21$19.88/sh+16,000$318,080→ 500,435 total - Exercise/Conversion
NONQUALIFIED STOCK OPTION (RIGHT TO BUY)
2010-05-21−16,000→ 0 totalExercise: $19.88From: 2003-12-31Exp: 2010-10-13→ COMMON STOCK (16,000 underlying)
Footnotes (2)
- [F1]Of the 500,435 shares reported, (1) 63,500 shares are held directly; (2) 406,935 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.
- [F2]Option vested as to 4,000 shares on each of December 31, 2003, March 31, 2004, June 30, 2004 and September 30, 2004.