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: Lang Timothy Edwin (SEVP & CTO)

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	30000	Acquired	2027-03-08	Class A Common Stock (30000)	Direct

Footnotes

F1: This option vests as to 7,500 shares on the first anniversary of the grant date, and as to an additional 7,500 shares on each anniversary thereafter until the option is vested in full.

F2: Mr. Lang also directly owns an employee stock option to purchase 50,000 shares of Class A common stock with (i) an exercise price of $165.01 per
share and (ii) an expiration date of February 2, 2025. Of the 50,000 shares subject to this option, 12,500 shares vested on February 2, 2016,
12,500 shares vested on February 2, 2017, 12,500 shares are scheduled to vest on February 2, 2018 and 12,500 shares are scheduled to vest on February 2, 2019.