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: Kelley Stephen Douglas (EXECUTIVE VICE PRESIDENT, COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-09-01	COMMON STOCK	F	2208	$53.54	Disposed	22932	Direct
2010-09-01	COMMON STOCK	A	6000	—	Acquired	28932	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	35000	Acquired	2017-09-01	COMMON STOCK (35000)	Direct

Footnotes

F1: Disposition of shares back to the company to satisfy withholding obligations related to restricted stock vesting September 1, 2010.

F2: Restricted stock award vesting in five equal annual installments commencing September 1, 2011.

F3: Option vests in three equal annual installments commencing September 1, 2011.