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: WERNER THOMAS H (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-09-01	COMMON STOCK	A	5000	—	Acquired	27500	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 27,500 shares reported, 25,500 shares are held directly and 2,000 shares are held indirectly by a 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.