WOLFSPEED, INC. — Director's Dealing 2010

Sep 2, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CREE INC (CREE)
CIK: 0000895419
Period of Report: 2010-09-01

Reporting Person: VON ARX DOLPH W (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-06-30	COMMON STOCK	G	800	—	Disposed	499635	Direct
2010-09-01	COMMON STOCK	A	5000	—	Acquired	504635	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-09-01	NONQUALIFIED STOCK OPTION (RIGHT TO BUY)	$55.30	A	5000	Acquired	2017-09-01	COMMON STOCK (5000)	Direct

Footnotes

F1: Restricted stock award vesting September 1, 2011.

F2: Of the 504,635 shares reported, (1) 63,500 shares are held directly; (2) 411,135 shares are held indirectly in a revocable living trust for the benefit of Mr. von Arx; (3) 15,000 shares are held indirectly in a revocable living trust for the benefit of Mr. von Arx's spouse; and (4) 15,000 shares are held indirectly in a family trust. Mr. von Arx disclaims beneficial ownership of the 15,000 shares held by the family trust.

F3: Option vests as to one-fourth of the shares on December 31, 2010, March 31, 2011, June 30, 2011 and September 30, 2011 or, if earlier, upon the election of directors at the 2011 Annual Meeting of Shareholders.