VON ARX DOLPH W 4
4 · CREE INC · Filed Sep 2, 2010
Insider Transaction Report
Form 4
CREE INCCREE
VON ARX DOLPH W
Director
Transactions
- Gift
COMMON STOCK
2010-06-30−800→ 499,635 total - Award
COMMON STOCK
2010-09-01+5,000→ 504,635 total - Award
NONQUALIFIED STOCK OPTION (RIGHT TO BUY)
2010-09-01+5,000→ 5,000 totalExercise: $55.30From: 2010-12-31Exp: 2017-09-01→ COMMON STOCK (5,000 underlying)
Footnotes (3)
- [F1]Restricted stock award vesting September 1, 2011.
- [F2]Of the 504,635 shares reported, (1) 63,500 shares are held directly; (2) 411,135 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 vests as to one-fourth of the shares on December 31, 2010, March 31, 2011, June 30, 2011 and September 30, 2011 or, if earlier, upon the election of directors at the 2011 Annual Meeting of Shareholders.