Strategy Inc — Director's Dealing 2012

Feb 28, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MICROSTRATEGY INC (MSTR)
CIK: 0001050446
Period of Report: 2012-02-24

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
2012-02-28	Class A Common Stock	C	21400	—	Acquired	0	Indirect
2012-02-24	Class A Common Stock	S	5200	$138.00	Disposed	0	Indirect
2012-02-24	Class A Common Stock	S	300	$138.005	Disposed	0	Indirect
2012-02-24	Class A Common Stock	S	100	$138.01	Disposed	0	Indirect
2012-02-24	Class A Common Stock	S	100	$138.02	Disposed	0	Indirect
2012-02-24	Class A Common Stock	S	100	$138.04	Disposed	0	Indirect
2012-02-24	Class A Common Stock	S	200	$138.07	Disposed	0	Indirect
2012-02-24	Class A Common Stock	S	1300	$138.0725	Disposed	0	Indirect
2012-02-24	Class A Common Stock	S	1200	$138.08	Disposed	0	Indirect
2012-02-24	Class A Common Stock	S	100	$138.17	Disposed	0	Indirect
2012-02-24	Class A Common Stock	S	100	$138.18	Disposed	0	Indirect
2012-02-24	Class A Common Stock	S	100	$138.23	Disposed	0	Indirect
2012-02-24	Class A Common Stock	S	500	$138.25	Disposed	0	Indirect
2012-02-24	Class A Common Stock	S	300	$138.35	Disposed	0	Indirect
2012-02-24	Class A Common Stock	S	200	$138.37	Disposed	0	Indirect
2012-02-24	Class A Common Stock	S	200	$138.39	Disposed	0	Indirect
2012-02-24	Class A Common Stock	S	200	$138.40	Disposed	0	Indirect
2012-02-24	Class A Common Stock	S	100	$138.406	Disposed	0	Indirect
2012-02-24	Class A Common Stock	S	100	$138.415	Disposed	0	Indirect
2012-02-24	Class A Common Stock	S	1000	$138.60	Disposed	0	Indirect
2012-02-27	Class A Common Stock	S	6600	$139.25	Disposed	0	Indirect
2012-02-27	Class A Common Stock	S	500	$139.2501	Disposed	0	Indirect
2012-02-27	Class A Common Stock	S	200	$139.255	Disposed	0	Indirect
2012-02-27	Class A Common Stock	S	300	$139.27	Disposed	0	Indirect
2012-02-27	Class A Common Stock	S	898	$139.29	Disposed	0	Indirect
2012-02-27	Class A Common Stock	S	400	$139.30	Disposed	0	Indirect
2012-02-27	Class A Common Stock	S	302	$139.31	Disposed	0	Indirect
2012-02-27	Class A Common Stock	S	600	$139.3101	Disposed	0	Indirect
2012-02-27	Class A Common Stock	S	200	$139.37	Disposed	0	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-02-28	Class B Common Stock	$	C	21400	Disposed		Class A Common Stock (21400)	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: The reporting persons converted 21,400 shares of Class B Common Stock into 21,400 shares of Class A Common Stock on February 28, 2012 for the purpose of settling the sale transactions reported on this Form 4. Upon settlement of all of these sale transactions, the reporting persons will beneficially own 0 shares of Class A Common Stock.

F3: 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.

F4: 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.

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.