Strategy Inc — Director's Dealing 2011

Feb 2, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MICROSTRATEGY INC (MSTR)
CIK: 0001050446
Period of Report: 2011-01-31

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-01-31	Class A Common Stock	M	2500	$4.70	Acquired	2500	Direct
2011-01-31	Class A Common Stock	M	2500	$20.69	Acquired	5000	Direct
2011-01-31	Class A Common Stock	S	1200	$106.75	Disposed	3800	Direct
2011-01-31	Class A Common Stock	S	3700	$106.76	Disposed	100	Direct
2011-01-31	Class A Common Stock	S	100	$106.77	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-01-31	Employee Stock Option (right to buy)	$4.70	M	2500	Disposed	2012-07-26	Class A Common Stock (2500)	Direct
2011-01-31	Employee Stock Option (right to buy)	$20.69	M	2500	Disposed	2013-02-08	Class A Common Stock (2500)	Direct

Footnotes

F1: Separate open market sale transactions that were executed on 01/31/2011 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 2,500 shares exercised on 01/31/2011 pursuant to this stock option vested on 07/26/2005. Of the remaining 32,372 shares subject to the stock option, 14,872 shares vested on 07/26/2005 and 17,500 shares vested on 07/26/2006.

F3: The 2,500 shares exercised on 01/31/2011 pursuant to this stock option vested on 02/08/2005. Of the remaining 32,628 shares subject to the stock option, 2,628 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.