WOLFSPEED, INC. — Director's Dealing 2010

Feb 19, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CREE INC (CREE)
CIK: 0000895419
Period of Report: 2010-02-18

Reporting Person: SWOBODA CHARLES M (Director, CHAIRMAN, PRESIDENT AND CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-12-14	COMMON STOCK	G	3000	$0.0000	Disposed	228412	Direct
2010-02-18	COMMON STOCK	M	37500	$27.4700	Acquired	265912	Direct
2010-02-18	COMMON STOCK	M	40000	$22.9000	Acquired	305912	Direct
2010-02-18	COMMON STOCK	S	3000	$64.0000	Disposed	302912	Direct
2010-02-18	COMMON STOCK	S	1200	$64.0100	Disposed	301712	Direct
2010-02-18	COMMON STOCK	S	1000	$64.0200	Disposed	300712	Direct
2010-02-18	COMMON STOCK	S	2000	$64.0300	Disposed	298712	Direct
2010-02-18	COMMON STOCK	S	1000	$64.0420	Disposed	297712	Direct
2010-02-18	COMMON STOCK	S	2000	$64.0500	Disposed	295712	Direct
2010-02-18	COMMON STOCK	S	2500	$64.0600	Disposed	293212	Direct
2010-02-18	COMMON STOCK	S	1000	$64.0800	Disposed	292212	Direct
2010-02-18	COMMON STOCK	S	2500	$64.0900	Disposed	289712	Direct
2010-02-18	COMMON STOCK	S	1000	$64.0918	Disposed	288712	Direct
2010-02-18	COMMON STOCK	S	5900	$64.1000	Disposed	282812	Direct
2010-02-18	COMMON STOCK	S	3100	$64.1100	Disposed	279712	Direct
2010-02-18	COMMON STOCK	S	5000	$64.1500	Disposed	274712	Direct
2010-02-18	COMMON STOCK	S	3000	$64.1513	Disposed	271712	Direct
2010-02-18	COMMON STOCK	S	1000	$64.1700	Disposed	270712	Direct
2010-02-18	COMMON STOCK	S	3260	$64.1800	Disposed	267452	Direct
2010-02-18	COMMON STOCK	S	1000	$64.1810	Disposed	266452	Direct
2010-02-18	COMMON STOCK	S	2000	$64.1825	Disposed	264452	Direct
2010-02-18	COMMON STOCK	S	3000	$64.1900	Disposed	261452	Direct
2010-02-18	COMMON STOCK	S	3500	$64.2206	Disposed	257952	Direct
2010-02-18	COMMON STOCK	S	3000	$64.2207	Disposed	254952	Direct
2010-02-18	COMMON STOCK	S	11000	$64.2300	Disposed	243952	Direct
2010-02-18	COMMON STOCK	S	3540	$64.3510	Disposed	240412	Direct
2010-02-18	COMMON STOCK	S	3000	$64.3600	Disposed	237412	Direct
2010-02-18	COMMON STOCK	S	3000	$64.3700	Disposed	234412	Direct
2010-02-18	COMMON STOCK	S	3000	$64.3800	Disposed	231412	Direct
2010-02-18	COMMON STOCK	S	3000	$64.4100	Disposed	228412	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-02-18	NONQUALIFIED STOCK OPTION (RIGHT TO BUY)	$27.47	M	37500	Disposed	2014-09-04	COMMON STOCK (37500)	Direct
2010-02-18	NONQUALIFIED STOCK OPTION (RIGHT TO BUY)	$22.90	M	40000	Disposed	2015-09-02	COMMON STOCK (40000)	Direct

Footnotes

F1: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by Mr. Swoboda on December 3, 2009.

F2: Option vests as to 25,000 shares on September 4, 2008, September 4, 2009 and September 4, 2010.

F3: Option vests as to 40,000 shares on September 2, 2009, September 2, 2010 and September 2, 2011.