WOLFSPEED, INC. — Director's Dealing 2010

Apr 23, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CREE INC (CREE)
CIK: 0000895419
Period of Report: 2010-04-22

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-04-22	COMMON STOCK	M	12500	$27.47	Acquired	240912	Direct
2010-04-22	COMMON STOCK	S	12500	$74.64	Disposed	228412	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-04-22	NONQUALIFIED STOCK OPTION (RIGHT TO BUY)	$27.47	M	12500	Disposed	2014-09-04	COMMON STOCK (12500)	Direct

Footnotes

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

F2: The price reported in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $74.25 to $75.0001, inclusive. Mr. Swoboda undertakes to provide to Cree, Inc., any security holder of Cree, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F3: Option vests as to 25,000 shares on each of September 4, 2008, September 4, 2009 and September 4, 2010.