Strategy Inc — Director's Dealing 2010

Sep 8, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MICROSTRATEGY INC (MSTR)
CIK: 0001050446
Period of Report: 2010-09-03

Reporting Person: KLEIN JONATHAN F (EVP, Law & General Counsel)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-09-03	Class A Common Stock	M	1500	$4.70	Acquired	1500	Direct
2010-09-03	Class A Common Stock	M	1500	$20.69	Acquired	3000	Direct
2010-09-03	Class A Common Stock	S	3000	$81.27	Disposed	0	Direct
2010-09-07	Class A Common Stock	M	400	$4.70	Acquired	400	Direct
2010-09-07	Class A Common Stock	M	407	$20.69	Acquired	807	Direct
2010-09-07	Class A Common Stock	S	800	$81.67	Disposed	7	Direct
2010-09-07	Class A Common Stock	S	7	$81.6701	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-09-03	Employee Stock Option (right to buy)	$4.70	M	1500	Disposed	2012-07-26	Class A Common Stock (1500)	Direct
2010-09-03	Employee Stock Option (right to buy)	$20.69	M	1500	Disposed	2013-02-08	Class A Common Stock (1500)	Direct
2010-09-07	Employee Stock Option (right to buy)	$4.70	M	400	Disposed	2012-07-26	Class A Common Stock (400)	Direct
2010-09-07	Employee Stock Option (right to buy)	$20.69	M	407	Disposed	2013-02-08	Class A Common Stock (407)	Direct

Footnotes

F1: Separate open market sale transactions that were executed on the same day at the same price have been reported on an aggregate basis on a single line in Table I. The order in which sale transactions are set forth in Table I is not necessarily reflective of the sequence in which the sale transactions occurred in fact.

F2: The 1,500 shares exercised on 09/03/2010 pursuant to this stock option vested on 07/26/2004. Of the remaining 35,272 shares subject to the stock option, 272 shares vested on 07/26/2004; 17,500 shares vested on 07/26/2005; and 17,500 shares vested on 07/26/2006.

F3: The 1,500 shares exercised on 09/03/2010 pursuant to this stock option vested on 02/08/2005. Of the remaining 35,535 shares subject to the stock option, 5,535 shares vested on 02/08/2005; 10,000 shares vested on 02/08/2006; 10,000 shares vested on 02/08/2007; and 10,000 shares vested on 02/08/2008.

F4: Of the 400 shares exercised on 09/07/2010 pursuant to this stock option, 272 shares vested on 07/26/2004 and 128 shares vested on 07/26/2005. Of the remaining 34,872 shares subject to the stock option, 17,372 shares vested on 07/26/2005 and 17,500 shares vested on 07/26/2006.

F5: The 407 shares exercised on 09/07/2010 pursuant to this stock option vested on 02/08/2005. Of the remaining 35,128 shares subject to the stock option, 5,128 shares vested on 02/08/2005; 10,000 shares vested on 02/08/2006; 10,000 shares vested on 02/08/2007; and 10,000 shares vested on 02/08/2008.

F6: See Exhibit A.