Strategy Inc — Director's Dealing 2016

Dec 5, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MICROSTRATEGY INC (MSTR)
CIK: 0001050446
Period of Report: 2016-12-01

Reporting Person: Epstein Robert H (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-12-01	Class A Common Stock	M	482	$121.43	Acquired	482	Direct
2016-12-01	Class A Common Stock	S	482	$196.00	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-12-01	Director Stock Option (Right to buy)	$121.43	M	482	Disposed	2024-04-30	Class A Common Stock (482)	Direct

Footnotes

F1: The 482 shares exercised on December 1, 2016 pursuant to this option vested on April 30, 2016. Of the remaining 18,268 shares subject to this option, 5,768 shares vested on April 30, 2016, 6,250 shares are scheduled to vest on April 30, 2017, and 6,250 shares are scheduled to vest on April 30, 2018.

F2: See Exhibit A.