Strategy Inc — Director's Dealing 2012

Aug 23, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MICROSTRATEGY INC (MSTR)
CIK: 0001050446
Period of Report: 2012-08-21

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-08-21	Class A Common Stock	M	14768	$20.69	Acquired	14768	Direct
2012-08-21	Class A Common Stock	S	14768	$128.7192	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-08-21	Employee Stock Option (right to buy)	$20.69	M	14768	Disposed	2013-02-08	Class A Common Stock (14768)	Direct

Footnotes

F1: The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $128.30 to $129.00, inclusive. The reporting person undertakes to provide to MicroStrategy Incorporated, any security holder of MicroStrategy Incorporated, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the ranges set forth in this footnote.

F2: Of the 14,768 shares exercised on 08/21/2012 pursuant to this stock option, 12,697 shares vested on 02/08/2006 and 2,071 shares vested on 02/08/2007. Of the remaining 161,929 shares subject to the stock option, 79,929 shares vested on 02/08/2007 and 82,000 shares vested on 02/08/2008.

F3: See Exhibit A.