Strategy Inc — Director's Dealing 2011

Nov 15, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MICROSTRATEGY INC (MSTR)
CIK: 0001050446
Period of Report: 2011-11-11

Reporting Person: SPAHR THOMAS P (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-11-13	Class A Common Stock	C	15000	—	Acquired	12000	Direct
2011-11-11	Class A Common Stock	S	1500	$129.5632	Disposed	12000	Direct
2011-11-14	Class A Common Stock	S	1500	$128.4597	Disposed	12000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-11-13	Class B Common Stock	$	C	15000	Disposed		Class A Common Stock (15000)	Direct

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: The reporting person converted 15,000 shares of Class B Common Stock into 15,000 shares of Class A Common Stock on November 13, 2011, 3,000 of which are for the purpose of settling the sale transactions reported on this Form 4. Upon settlement of all of these sale transactions, the reporting person will beneficially own 12,000 shares of Class A Common Stock.

F3: 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.

F4: 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.