Strategy Inc — Director's Dealing 2012

Feb 23, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MICROSTRATEGY INC (MSTR)
CIK: 0001050446
Period of Report: 2012-02-21

Reporting Person: BANSAL SANJU K (Director, Vice Chairman, EVP and COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-02-23	Class A Common Stock	C	4700	—	Acquired	0	Direct
2012-02-21	Class A Common Stock	S	504	$135.00	Disposed	0	Direct
2012-02-21	Class A Common Stock	S	100	$135.01	Disposed	0	Direct
2012-02-21	Class A Common Stock	S	100	$135.02	Disposed	0	Direct
2012-02-21	Class A Common Stock	S	100	$135.04	Disposed	0	Direct
2012-02-21	Class A Common Stock	S	200	$135.05	Disposed	0	Direct
2012-02-21	Class A Common Stock	S	200	$135.07	Disposed	0	Direct
2012-02-21	Class A Common Stock	S	200	$135.10	Disposed	0	Direct
2012-02-21	Class A Common Stock	S	1	$135.11	Disposed	0	Direct
2012-02-21	Class A Common Stock	S	500	$135.14	Disposed	0	Direct
2012-02-21	Class A Common Stock	S	700	$135.15	Disposed	0	Direct
2012-02-21	Class A Common Stock	S	300	$135.29	Disposed	0	Direct
2012-02-21	Class A Common Stock	S	300	$135.30	Disposed	0	Direct
2012-02-21	Class A Common Stock	S	200	$135.38	Disposed	0	Direct
2012-02-21	Class A Common Stock	S	200	$135.39	Disposed	0	Direct
2012-02-21	Class A Common Stock	S	300	$135.40	Disposed	0	Direct
2012-02-21	Class A Common Stock	S	100	$135.485	Disposed	0	Direct
2012-02-21	Class A Common Stock	S	100	$135.49	Disposed	0	Direct
2012-02-21	Class A Common Stock	S	2	$135.54	Disposed	0	Direct
2012-02-21	Class A Common Stock	S	98	$135.55	Disposed	0	Direct
2012-02-21	Class A Common Stock	S	200	$135.56	Disposed	0	Direct
2012-02-21	Class A Common Stock	S	195	$135.61	Disposed	0	Direct
2012-02-21	Class A Common Stock	S	100	$135.64	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-02-23	Class B Common Stock	$	C	4700	Disposed		Class A Common Stock (4700)	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 4,700 shares of Class B Common Stock into 4,700 shares of Class A Common Stock on February 23, 2012 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 0 shares of Class A Common Stock.

F3: Separate open market sale transactions that were executed on 02/21/2012 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.

F5: See Exhibit A.