Strategy Inc — Director's Dealing 2012

Mar 13, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MICROSTRATEGY INC (MSTR)
CIK: 0001050446
Period of Report: 2012-03-09

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
2012-03-09	Class A Common Stock	M	15300	$20.69	Acquired	15300	Direct
2012-03-09	Class A Common Stock	S	400	$132.50	Disposed	14900	Direct
2012-03-09	Class A Common Stock	S	500	$132.51	Disposed	14400	Direct
2012-03-09	Class A Common Stock	S	100	$132.53	Disposed	14300	Direct
2012-03-09	Class A Common Stock	S	200	$132.5701	Disposed	14100	Direct
2012-03-09	Class A Common Stock	S	200	$132.58	Disposed	13900	Direct
2012-03-09	Class A Common Stock	S	100	$132.66	Disposed	13800	Direct
2012-03-09	Class A Common Stock	S	100	$132.675	Disposed	13700	Direct
2012-03-09	Class A Common Stock	S	300	$132.79	Disposed	13400	Direct
2012-03-09	Class A Common Stock	S	300	$133.00	Disposed	13100	Direct
2012-03-09	Class A Common Stock	S	300	$133.03	Disposed	12800	Direct
2012-03-09	Class A Common Stock	S	400	$133.0401	Disposed	12400	Direct
2012-03-09	Class A Common Stock	S	6229	$133.10	Disposed	6171	Direct
2012-03-09	Class A Common Stock	S	200	$133.11	Disposed	5971	Direct
2012-03-09	Class A Common Stock	S	100	$133.115	Disposed	5871	Direct
2012-03-09	Class A Common Stock	S	396	$133.12	Disposed	5475	Direct
2012-03-09	Class A Common Stock	S	150	$133.13	Disposed	5325	Direct
2012-03-09	Class A Common Stock	S	400	$133.1401	Disposed	4925	Direct
2012-03-09	Class A Common Stock	S	400	$133.15	Disposed	4525	Direct
2012-03-09	Class A Common Stock	S	700	$133.18	Disposed	3825	Direct
2012-03-09	Class A Common Stock	S	900	$133.195	Disposed	2925	Direct
2012-03-09	Class A Common Stock	S	300	$133.20	Disposed	2625	Direct
2012-03-09	Class A Common Stock	S	100	$133.205	Disposed	2525	Direct
2012-03-09	Class A Common Stock	S	300	$133.25	Disposed	2225	Direct
2012-03-09	Class A Common Stock	S	200	$133.255	Disposed	2025	Direct
2012-03-09	Class A Common Stock	S	600	$133.26	Disposed	1425	Direct
2012-03-09	Class A Common Stock	S	200	$133.2601	Disposed	1225	Direct
2012-03-09	Class A Common Stock	S	200	$133.27	Disposed	1025	Direct
2012-03-09	Class A Common Stock	S	25	$133.275	Disposed	1000	Direct
2012-03-09	Class A Common Stock	S	100	$133.28	Disposed	900	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-03-09	Employee Stock Option (right to buy)	$20.69	M	15300	Disposed	2013-02-08	Class A Common Stock (15300)	Direct

Footnotes

F1: Separate open market sale transactions that were executed on 03/09/2012 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.

F2: The 15,300 shares exercised on 03/09/2012 pursuant to this stock option vested on 02/28/2004. Of the remaining 377,846 shares pursuant to this stock option, 49,846 shares vested on 02/28/2004, 82,000 shares vested on 02/28/2005, 82,000 shares vested on 02/08/2006, 82,000 shares vested on 02/08/2007, and 82,000 shares vested on 02/08/2008.

F3: See Exhibit A.