Strategy Inc — Director's Dealing 2016

Nov 22, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MICROSTRATEGY INC (MSTR)
CIK: 0001050446
Period of Report: 2016-11-18

Reporting Person: Patten Jarrod M (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-11-18	Class A Common Stock	M	3317	$121.43	Acquired	3317	Direct
2016-11-18	Class A Common Stock	S	3317	$197.20	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-11-18	Director Stock Option (Right to buy)	$121.43	M	3317	Disposed	2024-04-30	Class A Common Stock (3317)	Direct

Footnotes

F1: The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $196.93 to $197.27, inclusive. The reporting person undertakes to provide to MicroStrategy Incorporated, any security holder of MicroStrategy Incorporated, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the ranges set forth in this footnote.

F2: The 3,317 shares exercised on November 18, 2016 pursuant to this option vested on April 30, 2015. Of the remaining 31,683 shares subject to this option, 5,433 shares vested on April 30, 2015, 8,750 shares vested on April 30, 2016, 8,750 shares are scheduled to vest on April 30, 2017, and 8,750 shares are scheduled to vest on April 30, 2018.

F3: See Exhibit A.