Strategy Inc — Director's Dealing 2011

Feb 4, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

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

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-02-02	Class A Common Stock	M	2750	$4.70	Acquired	2750	Direct
2011-02-02	Class A Common Stock	M	2750	$20.69	Acquired	5500	Direct
2011-02-02	Class A Common Stock	S	2989	$110.25	Disposed	2511	Direct
2011-02-02	Class A Common Stock	S	300	$110.29	Disposed	2211	Direct
2011-02-02	Class A Common Stock	S	200	$110.30	Disposed	2011	Direct
2011-02-02	Class A Common Stock	S	300	$110.31	Disposed	1711	Direct
2011-02-02	Class A Common Stock	S	400	$110.32	Disposed	1311	Direct
2011-02-02	Class A Common Stock	S	100	$110.33	Disposed	1211	Direct
2011-02-02	Class A Common Stock	S	11	$110.40	Disposed	1200	Direct
2011-02-02	Class A Common Stock	S	100	$110.37	Disposed	1100	Direct
2011-02-02	Class A Common Stock	S	100	$110.375	Disposed	1000	Direct
2011-02-02	Class A Common Stock	S	200	$110.38	Disposed	800	Direct
2011-02-02	Class A Common Stock	S	200	$110.39	Disposed	600	Direct
2011-02-02	Class A Common Stock	S	100	$110.42	Disposed	500	Direct
2011-02-02	Class A Common Stock	S	100	$110.43	Disposed	400	Direct
2011-02-02	Class A Common Stock	S	200	$110.46	Disposed	200	Direct
2011-02-02	Class A Common Stock	S	200	$110.61	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-02-02	Employee Stock Option (right to buy)	$4.70	M	2750	Disposed	2012-07-26	Class A Common Stock (2750)	Direct
2011-02-02	Employee Stock Option (right to buy)	$20.69	M	2750	Disposed	2013-02-08	Class A Common Stock (2750)	Direct

Footnotes

F1: Separate open market sale transactions that were executed on 02/02/2011 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.

F2: The 2,750 shares exercised on 02/02/2011 pursuant to this stock option vested on 07/26/2005. Of the remaining 29,622 shares subject to the stock option, 12,122 shares vested on 07/26/2005 and 17,500 shares vested on 07/26/2006.

F3: Of the 2,750 shares exercised on 02/02/2011 pursuant to this stock option, 2,628 shares vested on 02/08/2005 and 122 shares vested on 02/08/2006. Of the remaining 29,878 shares subject to the stock option, 9,878 shares vested on 02/08/2006; 10,000 shares vested on 02/08/2007; and 10,000 shares vested on 02/08/2008.