Strategy Inc — Director's Dealing 2011

Feb 7, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MICROSTRATEGY INC (MSTR)
CIK: 0001050446
Period of Report: 2011-02-03

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-02-03	Class A Common Stock	M	613	$4.70	Acquired	613	Direct
2011-02-03	Class A Common Stock	M	614	$20.69	Acquired	1227	Direct
2011-02-03	Class A Common Stock	S	100	$111.75	Disposed	1127	Direct
2011-02-03	Class A Common Stock	S	100	$111.76	Disposed	1027	Direct
2011-02-03	Class A Common Stock	S	106	$111.80	Disposed	921	Direct
2011-02-03	Class A Common Stock	S	200	$111.81	Disposed	721	Direct
2011-02-03	Class A Common Stock	S	399	$111.82	Disposed	322	Direct
2011-02-03	Class A Common Stock	S	100	$111.8201	Disposed	222	Direct
2011-02-03	Class A Common Stock	S	222	$111.83	Disposed	0	Direct
2011-02-04	Class A Common Stock	M	4136	$4.70	Acquired	4136	Direct
2011-02-04	Class A Common Stock	M	4137	$20.69	Acquired	8273	Direct
2011-02-04	Class A Common Stock	S	3273	$111.70	Disposed	5000	Direct
2011-02-04	Class A Common Stock	S	4810	$111.75	Disposed	190	Direct
2011-02-04	Class A Common Stock	S	90	$111.76	Disposed	100	Direct
2011-02-04	Class A Common Stock	S	100	$111.77	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-02-03	Employee Stock Option (right to buy)	$4.70	M	613	Disposed	2012-07-26	Class A Common Stock (613)	Direct
2011-02-03	Employee Stock Option (right to buy)	$20.69	M	614	Disposed	2013-02-08	Class A Common Stock (614)	Direct
2011-02-04	Employee Stock Option (right to buy)	$4.70	M	4136	Disposed	2012-07-26	Class A Common Stock (4136)	Direct
2011-02-04	Employee Stock Option (right to buy)	$20.69	M	4137	Disposed	2013-02-08	Class A Common Stock (4137)	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 613 shares exercised on 02/03/2011 pursuant to this stock option vested on 07/26/2005. Of the remaining 29,009 shares subject to the stock option, 11,509 shares vested on 07/26/2005 and 17,500 shares vested on 07/26/2006.

F3: The 614 shares exercised on 02/03/2011 pursuant to this stock option vested on 02/08/2006. Of the remaining 29,264 shares subject to the stock option, 9,264 shares vested on 02/08/2006; 10,000 shares vested on 02/08/2007; and 10,000 shares vested on 02/08/2008.

F4: The 4,136 shares exercised on 02/04/2011 pursuant to this stock option vested on 07/26/2005. Of the remaining 24,873 shares subject to the stock option, 7,373 shares vested on 07/26/2005 and 17,500 shares vested on 07/26/2006.

F5: The 4,137 shares exercised on 02/04/2011 pursuant to this stock option vested on 02/08/2006. Of the remaining 25,127 shares subject to the stock option, 5,127 shares vested on 02/08/2006; 10,000 shares vested on 02/08/2007; and 10,000 shares vested on 02/08/2008.