Strategy Inc — Director's Dealing 2012

Mar 9, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MICROSTRATEGY INC (MSTR)
CIK: 0001050446
Period of Report: 2012-03-07

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-03-09	Class A Common Stock	C	12900	—	Acquired	0	Indirect
2012-03-09	Class A Common Stock	C	4623	—	Acquired	0	Direct
2012-03-07	Class A Common Stock	S	23	$128.74	Disposed	0	Direct
2012-03-07	Class A Common Stock	S	500	$128.93	Disposed	0	Direct
2012-03-07	Class A Common Stock	S	100	$128.94	Disposed	0	Direct
2012-03-07	Class A Common Stock	S	100	$128.98	Disposed	0	Direct
2012-03-07	Class A Common Stock	S	400	$129.00	Disposed	12500	Indirect
2012-03-07	Class A Common Stock	S	500	$129.02	Disposed	0	Direct
2012-03-07	Class A Common Stock	S	300	$129.03	Disposed	0	Direct
2012-03-07	Class A Common Stock	S	100	$129.04	Disposed	0	Direct
2012-03-07	Class A Common Stock	S	600	$129.09	Disposed	0	Direct
2012-03-07	Class A Common Stock	S	100	$129.13	Disposed	0	Direct
2012-03-07	Class A Common Stock	S	100	$129.15	Disposed	0	Direct
2012-03-07	Class A Common Stock	S	400	$129.16	Disposed	0	Direct
2012-03-07	Class A Common Stock	S	200	$129.20	Disposed	0	Direct
2012-03-07	Class A Common Stock	S	100	$129.21	Disposed	0	Direct
2012-03-07	Class A Common Stock	S	100	$129.215	Disposed	0	Direct
2012-03-07	Class A Common Stock	S	100	$129.22	Disposed	0	Direct
2012-03-07	Class A Common Stock	S	300	$129.28	Disposed	0	Direct
2012-03-07	Class A Common Stock	S	100	$129.37	Disposed	0	Direct
2012-03-07	Class A Common Stock	S	500	$129.38	Disposed	0	Direct
2012-03-07	Class A Common Stock	S	200	$129.39	Disposed	0	Direct
2012-03-07	Class A Common Stock	S	200	$129.43	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-03-09	Class B Common Stock	$	C	12900	Disposed		Class A Common Stock (12900)	Indirect
2012-03-09	Class B Common Stock	$	C	4623	Disposed		Class A Common Stock (4623)	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 12,900 shares of Class B Common Stock into 12,900 shares of Class A Common Stock on March 9, 2012, 400 of which were converted for the purpose of settling the sale transactions reported on this Form 4 with respect to securities owned by the reporting person indirectly as described in note (3). Upon settlement of all of these sale transactions, the reporting person will beneficially own 12,500 shares of Class A Common Stock indirectly.

F3: Shares that are indicated as being "owned by LLC" are owned directly by Shangri-La LLC (the "LLC"), and indirectly by Mr. Bansal as the sole member of the LLC.

F4: The reporting person converted 4,623 shares of Class B Common Stock into 4,623 shares of Class A Common Stock on March 9, 2012 for the purpose of settling the sale transactions reported on this Form 4 with respect to securities owned by the reporting person directly. Upon settlement of all of these sale transactions, the reporting person will beneficially own 0 shares of Class A Common Stock directly.

F5: 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.

F6: 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.