Strategy Inc — Director's Dealing 2017

Mar 10, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MICROSTRATEGY INC (MSTR)
CIK: 0001050446
Period of Report: 2017-03-08

Reporting Person: Le Phong (SEVP & CFO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-03-08	Employee Stock Option (Right to buy)	$189.16	A	40000	Acquired	2027-03-08	Class A Common Stock (40000)	Direct

Footnotes

F1: This option vests as to 10,000 shares on the first anniversary of the grant date, and as to an additional 10,000 shares on each anniversary thereafter until the option is vested in full.

F2: Mr. Le also directly owns an employee stock option to purchase 40,000 shares
of Class A common stock with (i) an exercise price of $201.25 per share and (ii)
an expiration date of September 8, 2025. Of the 40,000 shares subject to this option, 10,000 shares vested on September 8, 2016, 10,000 shares are scheduled to vest on September 8, 2017, 10,000 shares are scheduled to vest on September 8, 2018 and 10,000 shares are scheduled to vest on September 8, 2019.