Strategy Inc — Director's Dealing 2011

Jun 13, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MICROSTRATEGY INC (MSTR)
CIK: 0001050446
Period of Report: 2011-06-09

Reporting Person: SAYLOR MICHAEL J (Director, Chairman, President and CEO, 10% Owner)
Reporting Person: ALCANTARA LLC (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-06-09	Class A Common Stock	C	5560	—	Acquired	5560	Indirect
2011-06-09	Class A Common Stock	S	2500	$142.60	Disposed	3060	Indirect
2011-06-09	Class A Common Stock	S	100	$142.65	Disposed	2960	Indirect
2011-06-09	Class A Common Stock	S	300	$142.69	Disposed	2660	Indirect
2011-06-09	Class A Common Stock	S	100	$142.73	Disposed	2560	Indirect
2011-06-09	Class A Common Stock	S	510	$142.79	Disposed	2050	Indirect
2011-06-09	Class A Common Stock	S	490	$142.7901	Disposed	1560	Indirect
2011-06-09	Class A Common Stock	S	100	$142.798	Disposed	1460	Indirect
2011-06-09	Class A Common Stock	S	460	$142.80	Disposed	1000	Indirect
2011-06-09	Class A Common Stock	S	100	$142.81	Disposed	900	Indirect
2011-06-09	Class A Common Stock	S	200	$142.97	Disposed	700	Indirect
2011-06-09	Class A Common Stock	S	100	$143.0625	Disposed	600	Indirect
2011-06-09	Class A Common Stock	S	200	$143.065	Disposed	400	Indirect
2011-06-09	Class A Common Stock	S	300	$143.10	Disposed	100	Indirect
2011-06-09	Class A Common Stock	S	100	$143.11	Disposed	0	Indirect
2011-06-10	Class A Common Stock	C	1800	—	Acquired	1800	Indirect
2011-06-10	Class A Common Stock	S	1800	$140.35	Disposed	0	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-06-09	Class B Common Stock	$	C	5560	Disposed		Class A Common Stock (5560)	Indirect
2011-06-10	Class B Common Stock	$	C	1800	Disposed		Class A Common Stock (1800)	Indirect

Footnotes

F1: These shares were acquired upon conversion of shares of Class B Common Stock, which were convertible on a 1-for-1 basis into shares of Class A Common Stock.

F2: Shares that are indicated as being "owned by LLC" are owned directly by Alcantara LLC (the "LLC"), and indirectly by Mr. Saylor as the sole member of the LLC. The LLC's address is the same as Mr. Saylor's address. The LLC has designated Mr. Saylor as the designated filer. Mr. Saylor is an officer, director and ten percent owner of the issuer.

F3: Separate open market sale transactions that were executed on 06/09/2011 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.

F4: Separate open market sale transactions that were executed on 06/10/2011 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.

F5: Shares of Class B Common Stock are convertible immediately upon receipt into shares of Class A Common Stock on a 1-for-1 basis and have no expiration date.

F6: See Exhibit A.